Savant Capital LLC Lowers Stock Position in Northrop Grumman Corporation $NOC

Savant Capital LLC trimmed its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 15.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,546 shares of the aerospace company’s stock after selling 1,941 shares during the quarter. Savant Capital LLC’s holdings in Northrop Grumman were worth $6,426,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Coign Capital Advisors LLC lifted its stake in shares of Northrop Grumman by 1.3% during the 2nd quarter. Coign Capital Advisors LLC now owns 1,294 shares of the aerospace company’s stock worth $647,000 after purchasing an additional 17 shares during the last quarter. Howard Financial Services LTD. raised its holdings in Northrop Grumman by 1.5% in 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 in the last quarter. West Wealth Group LLC raised its holdings in Northrop Grumman by 4.3% in the third quarter. West Wealth Group LLC now owns 412 shares of the aerospace company’s stock worth $251,000 after purchasing an additional 17 shares in the last quarter. King Luther Capital Management Corp lifted its position in shares of Northrop Grumman by 1.5% during the second quarter. King Luther Capital Management Corp now owns 1,243 shares of the aerospace company’s stock valued at $621,000 after buying an additional 18 shares during the last quarter. Finally, Chesley Taft & Associates LLC boosted its holdings in shares of Northrop Grumman by 1.3% in the 3rd quarter. Chesley Taft & Associates LLC now owns 1,375 shares of the aerospace company’s stock valued at $838,000 after buying an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

Shares of NYSE NOC opened at $696.29 on Friday. The stock has a market cap of $98.82 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 5.12 and a beta of 0.04. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $709.39. The company has a 50 day simple moving average of $609.74 and a two-hundred day simple moving average of $593.25. 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 earnings results on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.97 by $0.26. The company had revenue of $11.71 billion during the quarter, compared to the consensus estimate of $11.61 billion. Northrop Grumman had a net margin of 9.97% and a return on equity of 25.57%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm posted $6.39 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on NOC shares. Sanford C. Bernstein reissued a “market perform” rating and set a $727.00 target price on shares of Northrop Grumman in a research report on Monday, January 12th. JPMorgan Chase & Co. increased their price objective on Northrop Grumman from $575.00 to $640.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. UBS Group upped their target price on Northrop Grumman from $777.00 to $778.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Truist Financial reissued a “hold” rating and issued a $623.00 price target (down previously from $688.00) on shares of Northrop Grumman in a report on Friday, January 9th. Finally, TD Cowen restated a “hold” rating on shares of Northrop Grumman in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $688.79.

Insider Buying and Selling

In other news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction that occurred on 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kathy J. Warden sold 3,000 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $615.00, for a total transaction of $1,845,000.00. Following the sale, the chief executive officer directly owned 191,602 shares in the company, valued at $117,835,230. This trade represents a 1.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 10,192 shares of company stock worth $6,164,745 in the last ninety days. Corporate insiders own 0.23% of the company’s stock.

About Northrop Grumman

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.