Northrop Grumman Corporation $NOC Shares Acquired by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co lifted its stake in Northrop Grumman Corporation (NYSE:NOC) by 787.7% during the first quarter, Holdings Channel reports. The institutional investor owned 3,977 shares of the aerospace company’s stock after acquiring an additional 3,529 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Northrop Grumman were worth $2,713,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NOC. Financial Life Planners purchased a new stake in Northrop Grumman in the 1st quarter worth approximately $30,000. Torren Management LLC purchased a new position in shares of Northrop Grumman during the 4th quarter valued at approximately $26,000. Karpus Management Inc. acquired a new position in shares of Northrop Grumman in the 4th quarter valued at $26,000. Whipplewood Advisors LLC lifted its stake in shares of Northrop Grumman by 380.0% in the 1st quarter. Whipplewood Advisors LLC now owns 48 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 38 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Northrop Grumman during the fourth quarter valued at $29,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Price Performance

Shares of Northrop Grumman stock opened at $548.66 on Tuesday. The stock has a market capitalization of $77.93 billion, a P/E ratio of 17.43, a PEG ratio of 3.51 and a beta of -0.10. The business has a 50 day simple moving average of $534.57 and a two-hundred day simple moving average of $619.42. Northrop Grumman Corporation has a 12 month low of $479.02 and a 12 month high of $774.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06.

Northrop Grumman (NYSE:NOC) last issued its quarterly 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 for the quarter, compared to analyst estimates of $10.80 billion. During the same period in the previous year, the company posted $8.15 earnings per share. The business’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. As a group, analysts predict that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st were issued a dividend of $2.47 per share. 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. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.8%. Northrop Grumman’s payout ratio is currently 31.39%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on NOC shares. Robert W. Baird set a $500.00 price objective on shares of Northrop Grumman in a research report on Wednesday, July 22nd. Wells Fargo & Company restated an “overweight” rating and set a $620.00 target price on shares of Northrop Grumman in a research report on Wednesday, July 8th. Morgan Stanley set a $745.00 price target on Northrop Grumman in a research note on Wednesday, July 15th. Citigroup reduced their price target on Northrop Grumman from $628.00 to $587.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Finally, Weiss Ratings upgraded Northrop Grumman from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $659.00.

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.