Northrop Grumman Corporation $NOC Shares Sold by LRT Capital Management LLC

LRT Capital Management LLC decreased its holdings in Northrop Grumman Corporation (NYSE:NOC) by 41.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,680 shares of the aerospace company’s stock after selling 2,583 shares during the quarter. LRT Capital Management LLC’s holdings in Northrop Grumman were worth $2,242,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NOC. Laird Norton Wetherby Wealth Management LLC boosted its stake in shares of Northrop Grumman by 1.1% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 3,285 shares of the aerospace company’s stock worth $2,002,000 after buying an additional 35 shares during the period. Integrated Wealth Concepts LLC increased its position in Northrop Grumman by 2.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 3,449 shares of the aerospace company’s stock valued at $2,102,000 after acquiring an additional 98 shares during the period. Jain Global LLC acquired a new position in Northrop Grumman in the 3rd quarter valued at about $826,000. Holocene Advisors LP purchased a new stake in Northrop Grumman during the 3rd quarter valued at approximately $137,280,000. Finally, Gotham Asset Management LLC raised its stake in Northrop Grumman by 113.8% during the 3rd quarter. Gotham Asset Management LLC now owns 13,065 shares of the aerospace company’s stock valued at $7,961,000 after acquiring an additional 6,953 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

NOC has been the topic of several analyst reports. BTIG Research lifted their target price on Northrop Grumman from $680.00 to $815.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Bank of America upped their price target on Northrop Grumman from $685.00 to $750.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Vertical Research reaffirmed a “hold” rating and set a $688.00 price target on shares of Northrop Grumman in a report on Tuesday, January 27th. Jefferies Financial Group lifted their price objective on shares of Northrop Grumman from $630.00 to $690.00 and gave the company a “hold” rating in a research report on Sunday, February 1st. Finally, Truist Financial reissued a “hold” rating and issued a $623.00 price objective (down from $688.00) on shares of Northrop Grumman in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $693.60.

Northrop Grumman Stock Performance

NYSE NOC opened at $736.26 on Tuesday. The stock has a market capitalization of $104.49 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 5.45 and a beta of 0.03. The business’s 50 day moving average is $694.01 and its two-hundred day moving average is $620.86. Northrop Grumman Corporation has a 12-month low of $450.13 and a 12-month high of $774.00. The company has a current ratio of 1.10, a quick ratio of 1.01 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 for the quarter, beating analysts’ consensus estimates of $6.97 by $0.26. Northrop Grumman had a return on equity of 25.57% and a net margin of 9.97%.The firm had revenue of $11.71 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the previous year, the business earned $6.39 earnings per share. The company’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. Research analysts expect that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Monday, February 23rd were given 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 was Monday, February 23rd. Northrop Grumman’s payout ratio is presently 31.72%.

Insider Activity at Northrop Grumman

In related news, CEO Kathy J. Warden sold 20,000 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $708.82, for a total transaction of $14,176,400.00. Following the sale, the chief executive officer owned 171,602 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Michael A. Hardesty sold 147 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $732.98, for a total transaction of $107,748.06. Following the transaction, the chief accounting officer owned 2,525 shares in the company, valued at $1,850,774.50. The trade was a 5.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,431 shares of company stock valued at $21,969,404 over the last 90 days. Company insiders own 0.23% of the company’s stock.

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.