Janney Montgomery Scott LLC Has $27.60 Million Stake in Northrop Grumman Corporation $NOC

Janney Montgomery Scott LLC reduced its stake in Northrop Grumman Corporation (NYSE:NOC) by 18.1% during the 1st quarter, HoldingsChannel reports. The fund owned 40,457 shares of the aerospace company’s stock after selling 8,950 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Northrop Grumman were worth $27,602,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Northrop Grumman by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock worth $7,835,097,000 after buying an additional 209,135 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of Northrop Grumman by 9.7% in the fourth quarter. New York State Teachers Retirement System now owns 111,927 shares of the aerospace company’s stock valued at $63,822,000 after acquiring an additional 9,924 shares during the last quarter. Nordea Investment Management AB bought a new stake in Northrop Grumman during the fourth quarter worth about $1,987,000. Principal Financial Group Inc. raised its holdings in Northrop Grumman by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 158,958 shares of the aerospace company’s stock worth $90,639,000 after acquiring an additional 2,025 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Northrop Grumman by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 3,149,478 shares of the aerospace company’s stock worth $1,793,478,000 after acquiring an additional 17,948 shares in the last quarter. 83.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NOC has been the subject of a number of analyst reports. Jefferies Financial Group decreased their price target on Northrop Grumman from $620.00 to $580.00 and set a “hold” rating for the company in a research note on Friday. Wells Fargo & Company initiated coverage on Northrop Grumman in a research note on Wednesday, April 1st. They set an “overweight” rating and a $800.00 price objective on the stock. Raymond James Financial reissued an “outperform” rating on shares of Northrop Grumman in a report on Monday, June 15th. Morgan Stanley decreased their target price on shares of Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Finally, Wall Street Zen downgraded shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 25th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Northrop Grumman currently has an average rating of “Moderate Buy” and a consensus price target of $700.53.

Northrop Grumman Trading Down 0.9%

Shares of Northrop Grumman stock opened at $495.53 on Tuesday. The business has a fifty day simple moving average of $552.80 and a two-hundred day simple moving average of $627.87. Northrop Grumman Corporation has a 1 year low of $489.52 and a 1 year high of $774.00. The company has a market capitalization of $70.38 billion, a price-to-earnings ratio of 15.51, a P/E/G ratio of 3.41 and a beta of -0.12. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.04.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 EPS for the quarter, beating the consensus estimate of $6.06 by $0.08. The firm had revenue of $9.88 billion for 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 company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Research analysts forecast that Northrop Grumman Corporation will post 27.95 EPS for the current year.

Northrop Grumman Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, June 1st were issued a dividend of $2.47 per share. This represents a $9.88 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s payout ratio is presently 30.92%.

Northrop Grumman Profile

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.