Northrop Grumman Corporation $NOC Shares Sold by Capital Analysts LLC

Capital Analysts LLC cut its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 17.8% in the 2nd quarter, Holdings Channel reports. The fund owned 5,379 shares of the aerospace company’s stock after selling 1,162 shares during the quarter. Capital Analysts LLC’s holdings in Northrop Grumman were worth $2,739,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Karpus Management Inc. purchased a new position in shares of Northrop Grumman in the 4th quarter valued at approximately $26,000. Perkins Coie Trust Co purchased a new stake in shares of Northrop Grumman during the second quarter worth approximately $29,000. Financial Life Planners purchased a new stake in shares of Northrop Grumman during the first quarter worth approximately $30,000. Navigoe LLC acquired a new stake in shares of Northrop Grumman during the second quarter worth $30,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of Northrop Grumman during the second quarter worth $30,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NOC shares. Sanford C. Bernstein reiterated a “market perform” rating and issued a $653.00 price objective on shares of Northrop Grumman in a research report on Wednesday, August 5th. JPMorgan Chase & Co. reduced their target price on shares of Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. Weiss Ratings raised shares of Northrop Grumman from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Citigroup boosted their price target on shares of Northrop Grumman from $617.00 to $667.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Finally, TD Cowen increased their price target on shares of Northrop Grumman from $550.00 to $590.00 and gave the stock a “hold” rating in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $662.25.

Northrop Grumman Trading Down 0.4%

NYSE:NOC opened at $516.51 on Thursday. Northrop Grumman Corporation has a 1 year low of $479.02 and a 1 year high of $774.00. 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 stock has a fifty day moving average price of $545.14 and a two-hundred day moving average price of $594.01. The stock has a market capitalization of $73.36 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 3.04 and a beta of -0.11.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, topping the consensus estimate of $6.82 by $0.86. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The company 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 firm earned $8.15 EPS. 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, sell-side analysts anticipate that Northrop Grumman Corporation will post 28.97 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Monday, August 31st will be issued a dividend of $2.47 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $9.88 dividend on an annualized basis and a yield of 1.9%. Northrop Grumman’s payout ratio is currently 31.39%.

Insiders Place Their Bets

In other Northrop Grumman news, Director Mark 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 transaction of $52,015.35. Following the transaction, the director directly owned 4,393 shares in the company, valued at approximately $2,405,299.29. This represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

Northrop Grumman Profile

Northrop Grumman Corporation is a global aerospace and defense company that develops and delivers systems, platforms and technologies for government and commercial customers. Its activities include the design and production of military aircraft, autonomous systems, spacecraft, launch vehicles, missile-defense systems, command-and-control networks, cyber solutions, sensors and other mission-critical technologies.

The company serves the U.S. Department of Defense, other U.S. government agencies and international customers.