Czech National Bank Buys 1,669 Shares of Northrop Grumman Corporation $NOC

Czech National Bank boosted its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 4.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,002 shares of the aerospace company’s stock after acquiring an additional 1,669 shares during the quarter. Czech National Bank’s holdings in Northrop Grumman were worth $19,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Pictet Asset Management Holding SA grew its stake in shares of Northrop Grumman by 7.0% in the first quarter. Pictet Asset Management Holding SA now owns 61,436 shares of the aerospace company’s stock worth $41,914,000 after purchasing an additional 4,041 shares during the last quarter. Vanguard Group Inc. raised its position in Northrop Grumman by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock valued at $7,835,097,000 after purchasing an additional 209,135 shares during the last quarter. New York State Teachers Retirement System raised its holdings in Northrop Grumman by 9.7% in the 4th quarter. New York State Teachers Retirement System now owns 111,927 shares of the aerospace company’s stock worth $63,822,000 after purchasing an additional 9,924 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Northrop Grumman by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 3,149,478 shares of the aerospace company’s stock worth $1,793,478,000 after purchasing an additional 17,948 shares during the period. Finally, World Investment Advisors lifted its position in shares of Northrop Grumman by 70.1% in the 4th quarter. World Investment Advisors now owns 4,497 shares of the aerospace company’s stock worth $2,564,000 after purchasing an additional 1,853 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Mark A. Welsh III sold 95 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $547.53, for a total value of $52,015.35. Following the sale, the director owned 4,393 shares in the company, valued at approximately $2,405,299.29. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NOC has been the topic of several research reports. Weiss Ratings upgraded Northrop Grumman from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 29th. Susquehanna decreased their price objective on Northrop Grumman from $785.00 to $655.00 and set a “positive” rating for the company in a report on Wednesday, July 22nd. UBS Group raised their price objective on Northrop Grumman from $666.00 to $685.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. TD Cowen dropped their target price on shares of Northrop Grumman from $580.00 to $550.00 and set a “hold” rating on the stock in a report on Wednesday, July 22nd. Finally, Citigroup reduced their target price on shares of Northrop Grumman from $628.00 to $587.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $655.30.

Northrop Grumman Stock Up 0.6%

NYSE:NOC opened at $571.06 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.17. The firm has a market cap of $81.11 billion, a P/E ratio of 18.14, a P/E/G ratio of 3.68 and a beta of -0.11. Northrop Grumman Corporation has a fifty-two week low of $479.02 and a fifty-two week high of $774.00. The firm has a 50-day simple moving average of $534.89 and a two-hundred day simple moving average of $617.00.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, beating the consensus estimate of $6.82 by $0.86. The company had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Analysts predict that Northrop Grumman Corporation will post 28.97 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, June 1st were given a dividend of $2.47 per share. This represents a $9.88 dividend on an annualized basis and a yield of 1.7%. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date was Monday, June 1st. Northrop Grumman’s payout ratio is currently 31.39%.

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.