Northrop Grumman Corporation $NOC Shares Sold by Huntington National Bank

Huntington National Bank decreased its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 5.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,788 shares of the aerospace company’s stock after selling 1,215 shares during the period. Huntington National Bank’s holdings in Northrop Grumman were worth $12,667,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parvin Asset Management LLC bought a new position in Northrop Grumman during the 2nd quarter worth approximately $25,000. Physician Wealth Advisors Inc. increased its stake in Northrop Grumman by 200.0% during the third quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 32 shares during the last quarter. Hopwood Financial Services Inc. acquired a new position in shares of Northrop Grumman in the 3rd quarter valued at about $30,000. NewSquare Capital LLC raised its stake in Northrop Grumman by 75.0% during the second quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 27 shares during the period. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Northrop Grumman in the second quarter worth about $31,000. 83.40% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Northrop Grumman news, CEO Kathy J. Warden sold 20,000 shares of Northrop Grumman stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $708.82, for a total transaction of $14,176,400.00. Following the transaction, the chief executive officer owned 171,602 shares of the company’s stock, valued at $121,634,929.64. The trade was a 10.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mark A. Welsh III sold 95 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $684.52, for a total transaction of $65,029.40. Following the completion of the sale, the director directly owned 4,203 shares of the company’s stock, valued at $2,877,037.56. This trade represents a 2.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 32,431 shares of company stock worth $21,969,404. 0.23% of the stock is currently owned by corporate insiders.

Northrop Grumman Stock Performance

NOC opened at $725.81 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.10 and a debt-to-equity ratio of 0.91. The firm has a market cap of $103.01 billion, a PE ratio of 24.92, a P/E/G ratio of 5.38 and a beta of 0.04. The business has a fifty day simple moving average of $657.85 and a 200-day simple moving average of $608.49. Northrop Grumman Corporation has a fifty-two week low of $450.13 and a fifty-two week high of $745.55.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share for the quarter, topping the consensus estimate of $6.97 by $0.26. The business had revenue of $11.71 billion for 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% compared to the same quarter last year. During the same period last 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, equities analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Monday, February 23rd will be issued a $2.31 dividend. The ex-dividend date is Monday, February 23rd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.3%. Northrop Grumman’s dividend payout ratio is presently 31.72%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NOC. Jefferies Financial Group raised their price target on Northrop Grumman from $630.00 to $690.00 and gave the stock a “hold” rating in a report on Sunday, February 1st. Citigroup boosted their price target on shares of Northrop Grumman from $715.00 to $781.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Royal Bank Of Canada increased their price objective on shares of Northrop Grumman from $715.00 to $750.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Alembic Global Advisors raised shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $662.00 target price for the company in a research note on Monday, December 15th. Finally, Bank of America raised their price target on shares of Northrop Grumman from $685.00 to $750.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $693.60.

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.