Northrop Grumman Corporation $NOC Shares Sold by First Trust Advisors LP

First Trust Advisors LP trimmed its position in shares of Northrop Grumman Corporation (NYSE:NOCFree Report) by 2.9% in the third quarter, HoldingsChannel.com reports. The fund owned 463,626 shares of the aerospace company’s stock after selling 13,627 shares during the period. First Trust Advisors LP’s holdings in Northrop Grumman were worth $282,496,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Howard Financial Services LTD. increased its stake in Northrop Grumman by 1.5% during the third quarter. Howard Financial Services LTD. now owns 1,127 shares of the aerospace company’s stock worth $687,000 after purchasing an additional 17 shares during the period. West Wealth Group LLC boosted 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 valued at $251,000 after purchasing an additional 17 shares during the period. King Luther Capital Management Corp grew its holdings in shares of Northrop Grumman by 1.5% in the second quarter. King Luther Capital Management Corp now owns 1,243 shares of the aerospace company’s stock valued at $621,000 after purchasing an additional 18 shares in the last quarter. Dakota Community Bank & Trust NA grew its holdings in shares of Northrop Grumman by 6.9% in the third quarter. Dakota Community Bank & Trust NA now owns 278 shares of the aerospace company’s stock valued at $169,000 after purchasing an additional 18 shares in the last quarter. Finally, Chesley Taft & Associates LLC increased its stake in Northrop Grumman by 1.3% during the 3rd quarter. Chesley Taft & Associates LLC now owns 1,375 shares of the aerospace company’s stock worth $838,000 after buying an additional 18 shares during the period. 83.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, CEO Kathy J. Warden sold 20,000 shares of Northrop Grumman stock in a transaction on Friday, February 6th. The shares were 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. The trade was a 10.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Welsh III sold 95 shares of the company’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 completion of the sale, the director directly owned 4,203 shares of the company’s stock, valued at $2,877,037.56. The trade was a 2.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 32,431 shares of company stock valued at $21,969,404. Company insiders own 0.23% of the company’s stock.

Trending Headlines about Northrop Grumman

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Northrop Grumman Trading Up 2.4%

NOC opened at $757.70 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.10 and a debt-to-equity ratio of 0.91. Northrop Grumman Corporation has a 52 week low of $450.13 and a 52 week high of $774.00. The business’s 50 day moving average is $675.40 and its two-hundred day moving average is $614.32. The firm has a market cap of $107.53 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 5.50 and a beta of 0.03.

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

Northrop Grumman Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NOC shares. Morgan Stanley reiterated an “overweight” rating and set a $765.00 target price on shares of Northrop Grumman in a report on Wednesday, January 28th. Jefferies Financial Group upped their price objective on Northrop Grumman from $630.00 to $690.00 and gave the stock a “hold” rating in a research report on Sunday, February 1st. Citigroup increased their price objective on Northrop Grumman from $715.00 to $781.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Truist Financial reiterated a “hold” rating and issued a $623.00 target price (down from $688.00) on shares of Northrop Grumman in a report on Friday, January 9th. Finally, BTIG Research boosted their target price on Northrop Grumman from $680.00 to $815.00 and gave the stock a “buy” rating in a research note 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $693.60.

Get Our Latest Stock Report on Northrop Grumman

Northrop Grumman Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding NOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northrop Grumman Corporation (NYSE:NOCFree Report).

Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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