Janney Montgomery Scott LLC Sells 8,950 Shares of Northrop Grumman Corporation $NOC

Janney Montgomery Scott LLC trimmed its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 18.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,457 shares of the aerospace company’s stock after selling 8,950 shares during the period. Janney Montgomery Scott LLC’s holdings in Northrop Grumman were worth $27,602,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Torren Management LLC bought a new position in shares of Northrop Grumman in the fourth quarter valued at about $26,000. Karpus Management Inc. bought a new stake in Northrop Grumman during the 4th quarter worth about $26,000. Financial Life Planners acquired a new stake in Northrop Grumman in the 3rd quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Northrop Grumman in the 4th quarter valued at about $29,000. Finally, Motiv8 Investments LLC bought a new position in shares of Northrop Grumman in the fourth quarter worth about $30,000. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Price Performance

NOC opened at $495.53 on Tuesday. The stock has a market cap of $70.38 billion, a P/E ratio of 15.51, a P/E/G ratio of 3.41 and a beta of -0.12. Northrop Grumman Corporation has a 12 month low of $489.52 and a 12 month high of $774.00. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. The company has a fifty day simple moving average of $552.80 and a 200 day simple moving average of $627.87.

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, topping the consensus estimate of $6.06 by $0.08. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The firm had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same period in the previous year, the company posted $6.06 earnings per share. The company’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. On average, research analysts expect that Northrop Grumman Corporation will post 27.95 EPS for the current year.

Northrop Grumman Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st were issued a dividend of $2.47 per share. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date was Monday, June 1st. This represents a $9.88 annualized dividend and a dividend yield of 2.0%. Northrop Grumman’s dividend payout ratio (DPR) is presently 30.92%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NOC. Citigroup reduced their target price on shares of Northrop Grumman from $742.00 to $628.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Morgan Stanley dropped their price objective on shares of Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Raymond James Financial reiterated an “outperform” rating on shares of Northrop Grumman in a research report on Monday, June 15th. BTIG Research restated a “buy” rating and set a $815.00 target price on shares of Northrop Grumman in a research report on Wednesday, April 22nd. Finally, Wall Street Zen lowered shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 25th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $700.53.

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.