Capital Group Private Client Services Inc. Has $32.97 Million Stock Holdings in Northrop Grumman Corporation $NOC

Capital Group Private Client Services Inc. decreased its position in Northrop Grumman Corporation (NYSE:NOC) by 76.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,112 shares of the aerospace company’s stock after selling 177,828 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Northrop Grumman were worth $32,972,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NOC. Bank of Montreal Can grew its stake in Northrop Grumman by 1.0% in the 3rd quarter. Bank of Montreal Can now owns 202,162 shares of the aerospace company’s stock valued at $123,181,000 after buying an additional 1,911 shares during the last quarter. Legal & General Group Plc lifted its position in Northrop Grumman by 4.1% during the 3rd quarter. Legal & General Group Plc now owns 746,585 shares of the aerospace company’s stock worth $454,909,000 after acquiring an additional 29,478 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in Northrop Grumman during the 3rd quarter worth $43,000. Flavin Financial Services Inc. boosted its holdings in Northrop Grumman by 27.0% during the third quarter. Flavin Financial Services Inc. now owns 2,439 shares of the aerospace company’s stock valued at $1,486,000 after acquiring an additional 519 shares during the period. Finally, PFG Advisors boosted its holdings in Northrop Grumman by 6.2% during the third quarter. PFG Advisors now owns 6,965 shares of the aerospace company’s stock valued at $4,244,000 after acquiring an additional 406 shares during the period. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Stock Down 1.2%

NOC opened at $747.10 on Tuesday. The company has a market capitalization of $106.03 billion, a P/E ratio of 25.65, a P/E/G ratio of 5.62 and a beta of 0.03. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.10 and a quick ratio of 1.01. The firm’s fifty day moving average price is $678.79 and its two-hundred day moving average price is $615.73. Northrop Grumman Corporation has a fifty-two week low of $450.13 and a fifty-two week high of $774.00.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data 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 analysts’ expectations of $11.61 billion. Northrop Grumman had a net margin of 9.97% and a return on equity of 25.57%. The business’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.39 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Monday, February 23rd will be paid a $2.31 dividend. This represents a $9.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Monday, February 23rd. Northrop Grumman’s payout ratio is currently 31.72%.

Analyst Ratings Changes

A number of research firms have recently commented on NOC. Morgan Stanley reiterated an “overweight” rating and issued a $765.00 price objective on shares of Northrop Grumman in a research note on Wednesday, January 28th. Susquehanna restated a “positive” rating and set a $752.00 target price on shares of Northrop Grumman in a research note on Thursday, January 15th. Citigroup raised their target price on Northrop Grumman from $715.00 to $781.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. BNP Paribas Exane began coverage on Northrop Grumman in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $710.00 price target on the stock. Finally, TD Cowen reiterated a “hold” rating on shares of Northrop Grumman in a report on Wednesday, January 28th. 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $693.60.

Insider Activity

In related news, Director Mark A. Welsh III sold 95 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $684.52, for a total value of $65,029.40. Following the transaction, the director directly owned 4,203 shares in the company, valued at $2,877,037.56. This represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Benjamin R. Davies sold 2,189 shares of Northrop Grumman stock in a transaction that occurred on 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 transaction, the vice president directly owned 151 shares in the company, valued at $108,661.11. The trade was a 93.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 32,431 shares of company stock valued at $21,969,404 over the last three months. 0.23% of the stock is owned by corporate insiders.

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.