Northrop Grumman Corporation $NOC Shares Newly Acquired by Sage Capital Advisors llc

Sage Capital Advisors llc acquired a new position in Northrop Grumman Corporation (NYSE:NOC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 11,941 shares of the aerospace company’s stock, valued at approximately $5,773,000. Northrop Grumman makes up approximately 0.9% of Sage Capital Advisors llc’s investment portfolio, making the stock its 25th biggest position.

A number of other institutional investors have also recently bought and sold shares of NOC. NorthCrest Asset Manangement LLC increased its holdings in shares of Northrop Grumman by 605.7% during the third quarter. NorthCrest Asset Manangement LLC now owns 29,881 shares of the aerospace company’s stock worth $14,477,000 after purchasing an additional 25,647 shares during the period. JGP Wealth Management LLC raised its position in shares of Northrop Grumman by 5.0% in the third quarter. JGP Wealth Management LLC now owns 993 shares of the aerospace company’s stock valued at $480,000 after buying an additional 47 shares in the last quarter. GK Wealth Management LLC bought a new stake in shares of Northrop Grumman in the third quarter valued at approximately $44,000. Balefire LLC bought a new stake in shares of Northrop Grumman in the third quarter valued at approximately $201,000. Finally, Bullock Wealth Management Group grew its position in Northrop Grumman by 1.5% during the third quarter. Bullock Wealth Management Group now owns 1,705 shares of the aerospace company’s stock worth $822,000 after buying an additional 26 shares in the last quarter. Institutional investors own 83.40% of the company’s stock.

Insiders Place Their Bets

In other Northrop Grumman news, Director Mark Welsh, III sold 95 shares of Northrop Grumman stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $547.53, for a total value of $52,015.35. Following the transaction, the director owned 4,393 shares in the company, valued at $2,405,299.29. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by company insiders.

Northrop Grumman Price Performance

NYSE NOC traded down $0.26 on Tuesday, hitting $484.74. 253,128 shares of the company’s stock were exchanged, compared to its average volume of 911,978. The stock has a 50-day moving average of $530.18 and a 200-day moving average of $557.66. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. Northrop Grumman Corporation has a 52 week low of $470.06 and a 52 week high of $774.00. The stock has a market cap of $68.85 billion, a price-to-earnings ratio of 15.38, a P/E/G ratio of 2.82 and a beta of -0.11.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, beating analysts’ consensus estimates of $6.82 by $0.86. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%. The firm had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter last year, the business posted $8.15 EPS. The company’s revenue was up 5.1% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Analysts expect that Northrop Grumman Corporation will post 28.97 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Monday, August 31st were paid a $2.47 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $9.88 annualized dividend and a yield of 2.0%. Northrop Grumman’s dividend payout ratio (DPR) is 31.39%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. BNP Paribas Exane lowered their price objective on Northrop Grumman from $640.00 to $540.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 6th. Morgan Stanley set a $745.00 target price on Northrop Grumman and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Citigroup raised their price target on Northrop Grumman from $617.00 to $667.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Barclays assumed coverage on Northrop Grumman in a research note on Thursday. They issued an “underweight” rating and a $419.00 price target for the company. Finally, Sanford C. Bernstein cut their price objective on shares of Northrop Grumman from $653.00 to $620.00 and set a “market perform” rating for the company in a research report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Northrop Grumman presently has a consensus rating of “Moderate Buy” and a consensus target price of $644.70.

Northrop Grumman Company Profile

Northrop Grumman Corporation (NYSE:NOC) is a global aerospace and defense company that develops and produces systems for government and commercial customers, with the U.S. Department of Defense and other government agencies representing its primary markets. Its work spans advanced aircraft, autonomous systems, space systems, missile defense, command and control, cybersecurity, and other mission-critical technologies.

The company’s offerings include strategic and tactical aircraft, unmanned aerial vehicles, aircraft systems, satellites, spacecraft, launch vehicles, missile-warning and missile-defense systems, secure communications, and cyber and information systems.