Militia Capital Partners LP Reduces Stock Holdings in Northrop Grumman Corporation $NOC

Militia Capital Partners LP cut its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 65.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 700 shares of the aerospace company’s stock after selling 1,300 shares during the period. Militia Capital Partners LP’s holdings in Northrop Grumman were worth $427,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Focused Investors LLC boosted its position in Northrop Grumman by 4.1% in the 3rd quarter. Focused Investors LLC now owns 211,800 shares of the aerospace company’s stock valued at $129,054,000 after buying an additional 8,300 shares during the last quarter. Merit Financial Group LLC increased its position in shares of Northrop Grumman by 74.5% during the third quarter. Merit Financial Group LLC now owns 11,060 shares of the aerospace company’s stock worth $6,739,000 after acquiring an additional 4,721 shares during the last quarter. Huntleigh Advisors Inc. purchased a new stake in shares of Northrop Grumman during the third quarter worth about $2,818,000. Oak Thistle LLC acquired a new position in shares of Northrop Grumman in the third quarter worth about $1,015,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Northrop Grumman by 4.1% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 81,747 shares of the aerospace company’s stock worth $49,810,000 after acquiring an additional 3,215 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Trading Up 0.3%

Shares of NYSE NOC opened at $736.26 on Tuesday. 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 stock’s 50 day moving average price is $694.01 and its two-hundred day moving average price is $620.86. Northrop Grumman Corporation has a 52-week low of $450.13 and a 52-week high of $774.00. The stock has a market capitalization of $104.49 billion, a P/E ratio of 25.28, a PEG ratio of 5.45 and a beta of 0.03.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, January 27th. The aerospace company reported $7.23 EPS for the quarter, topping the consensus estimate of $6.97 by $0.26. Northrop Grumman had a return on equity of 25.57% and a net margin of 9.97%.The company had revenue of $11.71 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the firm earned $6.39 EPS. The business’s revenue was up 9.6% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

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

Insider Buying and Selling at Northrop Grumman

In other news, CAO Michael A. Hardesty sold 147 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $732.98, for a total value of $107,748.06. Following the transaction, the chief accounting officer directly owned 2,525 shares in the company, valued at approximately $1,850,774.50. This trade represents a 5.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction dated 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. 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 three months, insiders sold 32,431 shares of company stock worth $21,969,404. Company insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

NOC has been the subject of a number of recent analyst reports. Sanford C. Bernstein restated a “market perform” rating and set a $727.00 price objective on shares of Northrop Grumman in a research note on Monday, January 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $765.00 target price on shares of Northrop Grumman in a research report on Thursday, January 29th. Jefferies Financial Group raised their price target on shares of Northrop Grumman from $630.00 to $690.00 and gave the stock a “hold” rating in a research report on Sunday, February 1st. Bank of America upped their price target on shares of Northrop Grumman from $685.00 to $750.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, Vertical Research reiterated a “hold” rating and set a $688.00 price objective on shares of Northrop Grumman in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $693.60.

Northrop Grumman Company 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.