PensionDanmark Pensionsforsikringsaktieselskab Buys 3,562 Shares of Northrop Grumman Corporation $NOC

PensionDanmark Pensionsforsikringsaktieselskab grew its position in Northrop Grumman Corporation (NYSE:NOC) by 13.1% during the 2nd quarter, Holdings Channel reports. The firm owned 30,802 shares of the aerospace company’s stock after purchasing an additional 3,562 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Northrop Grumman were worth $15,688,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NOC. Pictet Asset Management Holding SA increased 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 valued at $41,914,000 after buying an additional 4,041 shares in the last quarter. Vanguard Group Inc. lifted 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 worth $7,835,097,000 after buying an additional 209,135 shares in the last quarter. New York State Teachers Retirement System grew its holdings in Northrop Grumman by 9.7% during 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 acquiring an additional 9,924 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of 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 purchasing an additional 17,948 shares in the last quarter. Finally, World Investment Advisors lifted its holdings in Northrop Grumman by 70.1% during the 4th quarter. World Investment Advisors now owns 4,497 shares of the aerospace company’s stock worth $2,564,000 after buying an additional 1,853 shares in the last quarter. Institutional investors own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wall Street Zen lowered Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research report on Saturday, April 25th. Deutsche Bank Aktiengesellschaft set a $615.00 price target on Northrop Grumman in a research note on Wednesday, July 22nd. TD Cowen decreased their price target on Northrop Grumman from $580.00 to $550.00 and set a “hold” rating on the stock in a report on Wednesday, July 22nd. Weiss Ratings upgraded Northrop Grumman from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 29th. Finally, Morgan Stanley set a $745.00 price objective on Northrop Grumman in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $655.30.

Northrop Grumman Trading Up 0.6%

NYSE:NOC opened at $571.06 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06. The business’s 50-day simple moving average is $534.89 and its 200-day simple moving average is $617.00. Northrop Grumman Corporation has a fifty-two week low of $479.02 and a fifty-two week high of $774.00. The stock has a market capitalization of $81.11 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 3.68 and a beta of -0.11.

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

Northrop Grumman Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, June 1st were paid a $2.47 dividend. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, June 1st. Northrop Grumman’s dividend payout ratio (DPR) is 31.39%.

Insiders Place Their Bets

In other news, Director Mark A. Welsh III sold 95 shares of the company’s stock in a transaction dated 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 directly owned 4,393 shares of the company’s stock, valued at approximately $2,405,299.29. This represents a 2.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

Northrop Grumman Company 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.