RB Capital Management LLC Buys New Holdings in Northrop Grumman Corporation $NOC

by · The Markets Daily

RB Capital Management LLC purchased a new position in Northrop Grumman Corporation (NYSE:NOC – Free Report) during the second quarter, HoldingsChannel reports. The fund purchased 3,962 shares of the aerospace company’s stock, valued at approximately $2,018,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Northrop Grumman during the second quarter valued at approximately $6,001,616,000. Bank of America Corp DE bought a new position in shares of Northrop Grumman during the second quarter worth $1,298,141,000. Capital World Investors boosted its position in shares of Northrop Grumman by 39.4% during the fourth quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock worth $1,958,151,000 after acquiring an additional 970,029 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Northrop Grumman during the second quarter valued at $376,135,000. Finally, Corient Private Wealth LP purchased a new position in Northrop Grumman during the second quarter valued at $44,039,000. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Stock Performance

Northrop Grumman stock opened at $545.83 on Friday. The company’s 50-day moving average price is $542.33 and its 200-day moving average price is $604.78. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. The company has a market cap of $77.52 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 3.53 and a beta of -0.11. Northrop Grumman Corporation has a twelve month low of $479.02 and a twelve month high of $774.00.

Northrop Grumman (NYSE:NOC – Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, beating analysts’ consensus estimates of $6.82 by $0.86. The firm 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 revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, equities research analysts forecast that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Monday, August 31st will be paid a $2.47 dividend. This represents a $9.88 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, August 31st. Northrop Grumman’s dividend payout ratio (DPR) is presently 31.39%.

Analyst Upgrades and Downgrades

Several brokerages have commented on NOC. Wells Fargo & Company reiterated an “overweight” rating and issued a $620.00 price target on shares of Northrop Grumman in a research note on Wednesday, July 8th. Robert W. Baird set a $500.00 price objective on Northrop Grumman in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. cut their price objective on Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating for the company in a research report on Thursday, July 23rd. Jefferies Financial Group decreased their target price on Northrop Grumman from $620.00 to $580.00 and set a “hold” rating on the stock in a research report on Friday, June 26th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $653.00 price target on shares of Northrop Grumman in a research note on Wednesday, August 5th. One investment 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $661.30.

Read Our Latest Analysis on NOC

Insider Activity at Northrop Grumman

In other news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $547.53, for a total value of $52,015.35. Following the completion of the transaction, the director owned 4,393 shares in the company, valued at approximately $2,405,299.29. The trade was 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. Company insiders own 0.21% of the company’s stock.

Northrop Grumman Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding NOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northrop Grumman Corporation (NYSE:NOC – Free Report).