Northrop Grumman Corporation $NOC Shares Sold by Cercano Management LLC

Cercano Management LLC lowered its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 95.9% in the fourth quarter, Holdings Channel reports. The firm owned 437 shares of the aerospace company’s stock after selling 10,131 shares during the quarter. Cercano Management LLC’s holdings in Northrop Grumman were worth $249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. Financial Life Planners acquired a new stake in shares of Northrop Grumman in the 3rd quarter worth $27,000. Torren Management LLC acquired a new stake in shares of Northrop Grumman in the 4th quarter worth $26,000. Physician Wealth Advisors Inc. lifted its stake in shares of 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 acquiring an additional 32 shares during the period. Hopwood Financial Services Inc. acquired a new stake in shares of Northrop Grumman in the 3rd quarter worth $30,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Northrop Grumman in the 4th quarter worth $29,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

NYSE:NOC opened at $538.94 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 1.04 and a debt-to-equity ratio of 0.84. The firm has a 50-day moving average price of $615.77 and a two-hundred day moving average price of $632.15. Northrop Grumman Corporation has a twelve month low of $472.02 and a twelve month high of $774.00. The company has a market capitalization of $76.54 billion, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 3.84 and a beta of -0.12.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share for the quarter, beating the consensus estimate of $6.06 by $0.08. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The firm had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.75 billion. During the same period last year, the firm posted $6.06 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. 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 27.93 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st will be issued a dividend of $2.47 per share. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date is Monday, June 1st. This represents a $9.88 annualized dividend and a yield of 1.8%. Northrop Grumman’s payout ratio is 28.92%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Citigroup reduced their target price on shares of Northrop Grumman from $742.00 to $628.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Wells Fargo & Company assumed coverage on shares of Northrop Grumman in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 target price for the company. Jefferies Financial Group reduced their target price on shares of Northrop Grumman from $660.00 to $620.00 and set a “buy” rating for the company in a research note on Tuesday, May 26th. BTIG Research reiterated a “buy” rating and issued a $815.00 price target on shares of Northrop Grumman in a report on Wednesday, April 22nd. Finally, Argus set a $785.00 price target on shares of Northrop Grumman in a report on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and a consensus target price of $702.63.

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.