Northrop Grumman (NYSE:NOC) CEO Sells $14,176,400.00 in Stock

Northrop Grumman Corporation (NYSE:NOC) CEO Kathy Warden sold 20,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 171,602 shares in the company, valued at $121,634,929.64. This represents a 10.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Northrop Grumman Stock Performance

Shares of Northrop Grumman stock traded down $13.02 on Tuesday, reaching $685.00. 956,138 shares of the stock were exchanged, compared to its average volume of 972,008. The business has a 50 day moving average price of $615.57 and a two-hundred day moving average price of $595.92. The firm has a market capitalization of $97.22 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 5.18 and a beta of 0.04. Northrop Grumman Corporation has a twelve month low of $426.24 and a twelve month high of $715.61. 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 (NYSE:NOC) last posted its quarterly earnings results on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.97 by $0.26. Northrop Grumman had a net margin of 9.97% and a return on equity of 25.57%. The company had revenue of $11.71 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same period last year, the firm posted $6.39 EPS. Northrop Grumman’s revenue for the quarter was up 9.6% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Monday, December 1st were issued a $2.31 dividend. This represents a $9.24 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, December 1st. Northrop Grumman’s dividend payout ratio is presently 31.72%.

Institutional Trading of Northrop Grumman

Institutional investors and hedge funds have recently made changes to their positions in the business. Financial Life Planners acquired a new position in Northrop Grumman during the third quarter worth $27,000. Torren Management LLC acquired a new stake in shares of Northrop Grumman in the fourth quarter valued at about $26,000. Physician Wealth Advisors Inc. increased its stake in shares of Northrop Grumman by 200.0% during the third quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 32 shares in the last quarter. Parvin Asset Management LLC acquired a new position in shares of Northrop Grumman during the 2nd quarter worth about $25,000. Finally, Hopwood Financial Services Inc. purchased a new position in Northrop Grumman in the 3rd quarter valued at about $30,000. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citigroup boosted their price objective on Northrop Grumman from $715.00 to $781.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Alembic Global Advisors raised 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. BTIG Research raised their price objective on shares of Northrop Grumman from $680.00 to $815.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Royal Bank Of Canada lifted their target price on shares of Northrop Grumman from $715.00 to $750.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Finally, BNP Paribas Exane assumed coverage on shares of Northrop Grumman in a report on Tuesday, November 18th. They set an “outperform” rating and a $710.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $693.60.

Northrop Grumman Company 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.