Hantz Financial Services Inc. Sells 2,519 Shares of Northrop Grumman Corporation $NOC

Hantz Financial Services Inc. lowered its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 16.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 13,036 shares of the aerospace company’s stock after selling 2,519 shares during the period. Hantz Financial Services Inc.’s holdings in Northrop Grumman were worth $7,943,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of NOC. Physician Wealth Advisors Inc. lifted its stake in Northrop Grumman by 200.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 32 shares in the last quarter. Parvin Asset Management LLC purchased a new stake in shares of Northrop Grumman in the second quarter valued at about $25,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Northrop Grumman during the second quarter valued at about $31,000. NewSquare Capital LLC boosted its holdings in Northrop Grumman by 75.0% during the second quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 27 shares during the last quarter. Finally, Manning & Napier Advisors LLC purchased a new position in Northrop Grumman during the third quarter worth about $42,000. 83.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Northrop Grumman news, CEO Kathy J. Warden sold 7,000 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $600.00, for a total transaction of $4,200,000.00. Following the sale, the chief executive officer owned 194,602 shares of the company’s stock, valued at $116,761,200. The trade was a 3.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark A. Welsh III sold 97 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $564.08, for a total value of $54,715.76. Following the completion of the transaction, the director directly owned 4,281 shares of the company’s stock, valued at $2,414,826.48. The trade was a 2.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,192 shares of company stock valued at $6,164,745 over the last quarter. 0.23% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Northrop Grumman in a research note on Wednesday, December 24th. TD Cowen reaffirmed a “hold” rating on shares of Northrop Grumman in a research report on Wednesday, January 28th. Truist Financial reiterated a “hold” rating and set a $623.00 price target (down from $688.00) on shares of Northrop Grumman in a report on Friday, January 9th. BNP Paribas Exane assumed coverage on Northrop Grumman in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $710.00 price objective for the company. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $727.00 target price on shares of Northrop Grumman in a research report on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $688.79.

Northrop Grumman Stock Down 2.0%

NOC stock opened at $691.03 on Thursday. The stock has a fifty day moving average of $607.16 and a 200-day moving average of $592.53. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $709.39. The company has a market capitalization of $98.07 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 5.24 and a beta of 0.04. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.01 and a current ratio of 1.10.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, January 27th. The aerospace company reported $7.23 EPS for the quarter, beating the consensus estimate of $6.97 by $0.26. The business had revenue of $11.71 billion for the quarter, compared to the consensus estimate of $11.61 billion. Northrop Grumman had a net margin of 9.97% and a return on equity of 25.57%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.39 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, equities research analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, December 1st were issued a $2.31 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $9.24 annualized dividend and a yield of 1.3%. Northrop Grumman’s dividend payout ratio (DPR) is 31.72%.

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.