Tempo Wealth LLC Buys Shares of 1,252 Northrop Grumman Corporation $NOC

Tempo Wealth LLC acquired a new position in shares of Northrop Grumman Corporation (NYSE:NOC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,252 shares of the aerospace company’s stock, valued at approximately $714,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NOC. Torren Management LLC purchased a new position in shares of Northrop Grumman in the fourth quarter valued at approximately $26,000. Karpus Management Inc. acquired a new position in shares of Northrop Grumman in the fourth quarter worth $26,000. Financial Life Planners acquired a new position in shares of Northrop Grumman in the third quarter worth $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Northrop Grumman during the fourth quarter worth $29,000. Finally, Motiv8 Investments LLC purchased a new stake in shares of Northrop Grumman during the fourth quarter worth $30,000. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Northrop Grumman Stock Performance

Shares of NOC opened at $521.85 on Friday. The stock has a market capitalization of $74.12 billion, a P/E ratio of 16.33, a P/E/G ratio of 3.75 and a beta of -0.12. Northrop Grumman Corporation has a 1 year low of $481.28 and a 1 year high of $774.00. The company’s fifty day moving average is $577.31 and its two-hundred day moving average is $630.06. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 EPS for the quarter, beating analysts’ consensus estimates of $6.06 by $0.08. The firm had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.75 billion. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, sell-side analysts predict that Northrop Grumman Corporation will post 27.93 earnings per share for the current year.

Northrop Grumman Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st were issued a $2.47 dividend. The ex-dividend date was Monday, June 1st. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s payout ratio is 30.92%.

Analysts Set New Price Targets

NOC has been the subject of a number of recent research reports. BTIG Research reiterated a “buy” rating and issued a $815.00 target price on shares of Northrop Grumman in a report on Wednesday, April 22nd. Wells Fargo & Company began coverage on Northrop Grumman in a report on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 target price on the stock. Weiss Ratings lowered shares of Northrop Grumman from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. UBS Group dropped their price objective on Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Finally, Morgan Stanley decreased their price objective on Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.