Holocene Advisors LP Buys New Shares in Northrop Grumman Corporation $NOC

Holocene Advisors LP purchased a new position in Northrop Grumman Corporation (NYSE:NOC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 225,300 shares of the aerospace company’s stock, valued at approximately $137,280,000. Holocene Advisors LP owned about 0.16% of Northrop Grumman as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Parvin Asset Management LLC bought a new stake in shares of Northrop Grumman in the 2nd quarter valued at about $25,000. Financial Life Planners bought a new position in Northrop Grumman during the 3rd quarter worth approximately $27,000. Physician Wealth Advisors Inc. grew its position in Northrop Grumman by 200.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 32 shares during the last quarter. Hopwood Financial Services Inc. purchased a new position in Northrop Grumman in the 3rd quarter worth approximately $30,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Northrop Grumman in the 2nd quarter worth approximately $31,000. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Northrop Grumman

In related news, Director Mark A. Welsh III sold 95 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $684.52, for a total transaction of $65,029.40. Following the transaction, the director owned 4,203 shares in the company, valued at $2,877,037.56. The trade was a 2.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kathy J. Warden sold 20,000 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $708.82, for a total transaction of $14,176,400.00. Following the completion of the transaction, the chief executive officer directly owned 171,602 shares of the company’s stock, valued at approximately $121,634,929.64. The trade was a 10.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 32,431 shares of company stock valued at $21,969,404. 0.23% of the stock is currently owned by company insiders.

Northrop Grumman Price Performance

Shares of NOC stock opened at $733.88 on Monday. 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 Corporation has a fifty-two week low of $450.13 and a fifty-two week high of $774.00. The firm has a market cap of $104.15 billion, a P/E ratio of 25.19, a P/E/G ratio of 5.45 and a beta of 0.03. The business’s 50 day moving average price is $691.50 and its 200-day moving average price is $619.81.

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

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Monday, February 23rd were issued a $2.31 dividend. The ex-dividend date was Monday, February 23rd. This represents a $9.24 annualized dividend and a yield of 1.3%. Northrop Grumman’s dividend payout ratio is 31.72%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NOC shares. Vertical Research reissued a “hold” rating and set a $688.00 price objective on shares of Northrop Grumman in a research note on Tuesday, January 27th. Argus set a $785.00 target price on shares of Northrop Grumman in a research note on Tuesday, February 10th. Alembic Global Advisors upgraded shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $662.00 price target for the company in a report on Monday, December 15th. Susquehanna reissued a “positive” rating and set a $752.00 price target on shares of Northrop Grumman in a research report on Thursday, January 15th. Finally, Bank of America raised their price target on shares of Northrop Grumman from $685.00 to $750.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. One 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $693.60.

Northrop Grumman 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.