Canada Post Corp Registered Pension Plan Decreases Stake in Northrop Grumman Corporation $NOC

Canada Post Corp Registered Pension Plan lowered its position in Northrop Grumman Corporation (NYSE:NOCFree Report) by 17.1% during the fourth quarter, HoldingsChannel reports. The firm owned 10,402 shares of the aerospace company’s stock after selling 2,142 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Northrop Grumman were worth $5,931,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Torren Management LLC acquired a new position in shares of Northrop Grumman during the 4th quarter worth approximately $26,000. Financial Life Planners acquired a new position in shares of Northrop Grumman during the 3rd quarter worth approximately $27,000. Physician Wealth Advisors Inc. boosted its holdings in shares of Northrop Grumman by 200.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 32 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Northrop Grumman during the 4th quarter worth approximately $29,000. Finally, Hopwood Financial Services Inc. acquired a new position in shares of Northrop Grumman during the 3rd quarter worth approximately $30,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Northrop Grumman news, CAO Michael A. Hardesty sold 147 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $732.98, for a total transaction of $107,748.06. Following the sale, the chief accounting officer directly owned 2,525 shares in the company, valued at $1,850,774.50. This represents a 5.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Benjamin R. Davies sold 2,189 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $719.61, for a total transaction of $1,575,226.29. Following the sale, the vice president owned 151 shares in the company, valued at $108,661.11. This trade represents a 93.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is owned by insiders.

Northrop Grumman News Roundup

Here are the key news stories impacting Northrop Grumman this week:

Northrop Grumman Price Performance

Northrop Grumman stock opened at $540.47 on Friday. The company has a market capitalization of $76.76 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 3.69 and a beta of -0.11. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15. Northrop Grumman Corporation has a 1 year low of $466.38 and a 1 year high of $774.00. The company’s 50 day simple moving average is $655.52 and its 200-day simple moving average is $633.60.

Northrop Grumman (NYSE:NOCGet Free Report) last announced its earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.06 by $0.08. The company had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.75 billion. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, equities research analysts expect that Northrop Grumman Corporation will post 27.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NOC shares. Wall Street Zen cut Northrop Grumman from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 25th. Citigroup reduced their price target on Northrop Grumman from $807.00 to $742.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $765.00 price target on shares of Northrop Grumman in a report on Thursday, January 29th. BTIG Research reiterated a “buy” rating and set a $815.00 price target on shares of Northrop Grumman in a report on Wednesday, April 22nd. Finally, Bank of America lifted their price target on Northrop Grumman from $685.00 to $750.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Northrop Grumman currently has an average rating of “Moderate Buy” and a consensus target price of $710.74.

View Our Latest Report on NOC

Northrop Grumman Profile

(Free Report)

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.

Featured Articles

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Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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