Sargent Investment Group LLC Invests $1.72 Million in Northrop Grumman Corporation $NOC

Sargent Investment Group LLC purchased a new position in Northrop Grumman Corporation (NYSE:NOC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,018 shares of the aerospace company’s stock, valued at approximately $1,721,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Torren Management LLC purchased a new stake in Northrop Grumman in the fourth quarter worth $26,000. Karpus Management Inc. purchased a new position in shares of Northrop Grumman during the 4th quarter valued at $26,000. Financial Life Planners purchased a new position in shares of Northrop Grumman during the 3rd quarter valued at $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Northrop Grumman during the 4th quarter worth $29,000. Finally, Motiv8 Investments LLC bought a new position in shares of Northrop Grumman during the 4th quarter worth $30,000. 83.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. BTIG Research restated a “buy” rating and issued a $815.00 price objective on shares of Northrop Grumman in a research note on Wednesday, April 22nd. Jefferies Financial Group cut their target price on shares of Northrop Grumman from $660.00 to $620.00 and set a “buy” rating for the company in a research report on Tuesday, May 26th. Citigroup reduced their target price on shares of Northrop Grumman from $742.00 to $628.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Morgan Stanley lowered their price target on shares of Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Finally, Wells Fargo & Company started coverage on shares of Northrop Grumman in a research note on Wednesday, April 1st. They set an “overweight” rating and a $800.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $702.63.

Northrop Grumman Stock Down 0.2%

NOC opened at $549.42 on Monday. The business’s fifty day simple moving average is $589.86 and its 200 day simple moving average is $630.84. Northrop Grumman Corporation has a 52 week low of $481.28 and a 52 week high of $774.00. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. The stock has a market cap of $78.03 billion, a PE ratio of 17.20, a P/E/G ratio of 3.75 and a beta of -0.12.

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

Northrop Grumman Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st will be paid 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 currently 30.92%.

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.