Northrop Grumman Corporation $NOC Shares Sold by US Bancorp DE

US Bancorp DE reduced its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 1.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 94,767 shares of the aerospace company’s stock after selling 912 shares during the quarter. US Bancorp DE’s holdings in Northrop Grumman were worth $57,744,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Coign Capital Advisors LLC raised its stake in Northrop Grumman by 1.3% in the 2nd quarter. Coign Capital Advisors LLC now owns 1,294 shares of the aerospace company’s stock worth $647,000 after acquiring an additional 17 shares during the last quarter. Howard Financial Services LTD. increased its holdings in shares of Northrop Grumman by 1.5% in the third quarter. Howard Financial Services LTD. now owns 1,127 shares of the aerospace company’s stock valued at $687,000 after purchasing an additional 17 shares during the period. West Wealth Group LLC raised its stake in shares of Northrop Grumman by 4.3% in the third quarter. West Wealth Group LLC now owns 412 shares of the aerospace company’s stock worth $251,000 after purchasing an additional 17 shares during the last quarter. King Luther Capital Management Corp lifted its holdings in shares of Northrop Grumman by 1.5% during the second quarter. King Luther Capital Management Corp now owns 1,243 shares of the aerospace company’s stock worth $621,000 after purchasing an additional 18 shares during the period. Finally, Dakota Community Bank & Trust NA lifted its holdings in shares of Northrop Grumman by 6.9% during the third quarter. Dakota Community Bank & Trust NA now owns 278 shares of the aerospace company’s stock worth $169,000 after purchasing an additional 18 shares during the period. 83.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NOC shares. Bank of America increased 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. UBS Group increased their price objective on shares of Northrop Grumman from $777.00 to $778.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Sanford C. Bernstein reissued a “market perform” rating and set a $727.00 target price on shares of Northrop Grumman in a report on Monday, January 12th. Weiss Ratings restated a “buy (b)” rating on shares of Northrop Grumman in a research report on Wednesday, December 24th. Finally, Vertical Research reaffirmed a “hold” rating and set a $688.00 price target on shares of Northrop Grumman in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Northrop Grumman has a consensus rating of “Moderate Buy” and an average target price of $693.60.

Insiders Place Their Bets

In other Northrop Grumman news, VP Benjamin R. Davies sold 2,189 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $719.61, for a total transaction of $1,575,226.29. Following the transaction, the vice president directly owned 151 shares of the company’s stock, valued at $108,661.11. This trade represents a 93.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Welsh III sold 95 shares of Northrop Grumman 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 completion of the sale, the director owned 4,203 shares in the company, valued at approximately $2,877,037.56. This trade represents a 2.21% decrease in their position. 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. Corporate insiders own 0.23% of the company’s stock.

Northrop Grumman Stock Up 1.1%

NOC stock opened at $711.24 on Friday. Northrop Grumman Corporation has a one year low of $450.13 and a one year high of $745.55. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.01 and a current ratio of 1.10. The firm’s fifty day moving average is $654.72 and its 200 day moving average is $607.29. The firm has a market cap of $100.94 billion, a PE ratio of 24.42, a P/E/G ratio of 5.23 and a beta of 0.04.

Northrop Grumman (NYSE:NOC) last posted 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. The firm had revenue of $11.71 billion for the quarter, compared to analysts’ expectations of $11.61 billion. Northrop Grumman had a return on equity of 25.57% and a net margin of 9.97%.The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the firm earned $6.39 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, research analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Monday, February 23rd will be paid a dividend of $2.31 per share. This represents a $9.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, February 23rd. Northrop Grumman’s dividend payout ratio is presently 31.72%.

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.