Capital Group Investment Management PTE. LTD. Has $4.75 Million Stock Position in Northrop Grumman Corporation $NOC

Capital Group Investment Management PTE. LTD. lessened its holdings in Northrop Grumman Corporation (NYSE:NOC) by 10.0% in the third quarter, HoldingsChannel reports. The fund owned 7,788 shares of the aerospace company’s stock after selling 864 shares during the period. Capital Group Investment Management PTE. LTD.’s holdings in Northrop Grumman were worth $4,745,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Physician Wealth Advisors Inc. raised its stake in Northrop Grumman by 200.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 32 shares in the last quarter. Parvin Asset Management LLC bought a new stake in Northrop Grumman in the 2nd quarter valued at about $25,000. Hopwood Financial Services Inc. acquired a new position in shares of Northrop Grumman during the 3rd quarter worth approximately $30,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Northrop Grumman during the 2nd quarter worth approximately $31,000. Finally, Manning & Napier Advisors LLC bought a new position in shares of Northrop Grumman during the third quarter worth approximately $42,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Citigroup lifted their price target on shares of Northrop Grumman from $715.00 to $781.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Weiss Ratings restated a “buy (b)” rating on shares of Northrop Grumman in a research note on Wednesday, December 24th. Morgan Stanley reaffirmed an “overweight” rating and issued a $765.00 price objective on shares of Northrop Grumman in a report on Wednesday, January 28th. BNP Paribas Exane assumed coverage on Northrop Grumman in a research report on Tuesday, November 18th. They set an “outperform” rating and a $710.00 target price for the company. Finally, Susquehanna reissued a “positive” rating and set a $752.00 target price on shares of Northrop Grumman in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $693.60.

Northrop Grumman Stock Performance

NYSE NOC opened at $747.10 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.01 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $106.03 billion, a price-to-earnings ratio of 25.65, a P/E/G ratio of 5.62 and a beta of 0.03. The firm’s 50 day simple moving average is $678.79 and its 200 day simple moving average is $615.73. Northrop Grumman Corporation has a 1 year low of $450.13 and a 1 year high of $774.00.

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

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Monday, February 23rd will be given a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, February 23rd. Northrop Grumman’s dividend payout ratio is 31.72%.

Insider Transactions at Northrop Grumman

In related news, VP Benjamin R. Davies sold 2,189 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $719.61, for a total value of $1,575,226.29. Following the completion of the sale, the vice president directly owned 151 shares of the company’s stock, valued at $108,661.11. The trade was a 93.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kathy J. Warden sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $708.82, for a total value of $14,176,400.00. Following the transaction, the chief executive officer directly owned 171,602 shares in the company, valued at approximately $121,634,929.64. This trade represents a 10.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 32,431 shares of company stock valued at $21,969,404. 0.23% of the stock is currently owned by corporate insiders.

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.