Royal London Asset Management Ltd. Has $80.97 Million Stock Holdings in Northrop Grumman Corporation $NOC

Royal London Asset Management Ltd. boosted its position in Northrop Grumman Corporation (NYSE:NOC) by 26.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 142,007 shares of the aerospace company’s stock after buying an additional 30,134 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Northrop Grumman were worth $80,974,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Vontobel Holding Ltd. boosted its holdings in Northrop Grumman by 46.8% during the fourth quarter. Vontobel Holding Ltd. now owns 2,343 shares of the aerospace company’s stock worth $1,336,000 after buying an additional 747 shares during the last quarter. Uniting Wealth Partners LLC bought a new position in shares of Northrop Grumman during the 4th quarter valued at about $231,000. Korea Investment CORP lifted its holdings in shares of Northrop Grumman by 44.7% during the 4th quarter. Korea Investment CORP now owns 83,281 shares of the aerospace company’s stock valued at $47,488,000 after purchasing an additional 25,718 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Northrop Grumman during the 4th quarter valued at about $6,358,000. Finally, Wealthspire Advisors LLC lifted its holdings in shares of Northrop Grumman by 15.6% during the 4th quarter. Wealthspire Advisors LLC now owns 5,432 shares of the aerospace company’s stock valued at $3,097,000 after purchasing an additional 733 shares in the last quarter. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

NYSE NOC opened at $549.42 on Friday. Northrop Grumman Corporation has a 1 year low of $481.28 and a 1 year high of $774.00. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.04. The firm has a market cap of $78.03 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 3.77 and a beta of -0.12. The company has a fifty day moving average price of $589.86 and a 200-day moving average price of $630.38.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share for the quarter, topping the consensus estimate of $6.06 by $0.08. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The business had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same quarter in the previous year, the firm earned $6.06 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, equities research analysts predict that Northrop Grumman Corporation will post 27.93 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st will be given a $2.47 dividend. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. Northrop Grumman’s payout ratio is presently 30.92%.

Analysts Set New Price Targets

NOC has been the topic of a number of recent research reports. UBS Group dropped their target price on Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Wall Street Zen downgraded Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Saturday, April 25th. BTIG Research reissued a “buy” rating and set a $815.00 price target on shares of Northrop Grumman in a report on Wednesday, April 22nd. Weiss Ratings cut Northrop Grumman from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Finally, Wells Fargo & Company assumed coverage on Northrop Grumman in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Northrop Grumman presently has an average rating of “Moderate Buy” and a consensus price target of $702.63.

About Northrop Grumman

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.