Penserra Capital Management LLC Sells 16,653 Shares of Northrop Grumman Corporation $NOC

Penserra Capital Management LLC decreased its position in Northrop Grumman Corporation (NYSE:NOC) by 6.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 257,028 shares of the aerospace company’s stock after selling 16,653 shares during the period. Northrop Grumman accounts for approximately 1.9% of Penserra Capital Management LLC’s investment portfolio, making the stock its 3rd largest position. Penserra Capital Management LLC owned 0.18% of Northrop Grumman worth $156,610,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NOC. 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 worth $29,000 after acquiring an additional 32 shares during the last quarter. Parvin Asset Management LLC acquired a new position in shares of Northrop Grumman in the 2nd quarter valued at $25,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Northrop Grumman during the 2nd quarter worth $31,000. NewSquare Capital LLC grew its holdings in shares of Northrop Grumman by 75.0% during the 2nd quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 27 shares during the period. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of Northrop Grumman during the 3rd quarter worth about $42,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. UBS Group upped their target price on shares of Northrop Grumman from $777.00 to $778.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. TD Cowen restated a “hold” rating on shares of Northrop Grumman in a report on Wednesday, January 28th. Susquehanna reissued a “positive” rating and issued a $752.00 target price on shares of Northrop Grumman in a research report on Thursday, January 15th. Bank of America upped their price target on Northrop Grumman from $685.00 to $750.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Citigroup lifted their price objective on Northrop Grumman from $715.00 to $781.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Northrop Grumman has an average rating of “Moderate Buy” and an average target price of $688.79.

Insider Buying and Selling at Northrop Grumman

In related news, Director Mark A. Welsh III sold 97 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $564.08, for a total value of $54,715.76. Following the completion of the sale, the director directly owned 4,281 shares of the company’s stock, valued at $2,414,826.48. The trade was a 2.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kathy J. Warden sold 7,000 shares of Northrop Grumman stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $600.00, for a total value of $4,200,000.00. Following the sale, the chief executive officer owned 194,602 shares in the company, valued at $116,761,200. This trade represents a 3.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 10,192 shares of company stock valued at $6,164,745. Company insiders own 0.23% of the company’s stock.

Northrop Grumman Stock Performance

Shares of NOC opened at $705.31 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.01 and a current ratio of 1.10. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $707.66. The stock has a market capitalization of $100.10 billion, a PE ratio of 24.21, a PEG ratio of 5.09 and a beta of 0.04. The stock has a 50-day simple moving average of $604.69 and a 200-day simple moving average of $591.83.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share for the quarter, beating analysts’ consensus estimates of $6.97 by $0.26. The business had revenue of $11.71 billion for the quarter, compared to analyst estimates of $11.61 billion. Northrop Grumman had a net margin of 9.97% and a return on equity of 25.57%. The company’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the business earned $6.39 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, December 1st 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, December 1st. Northrop Grumman’s dividend payout ratio is 31.72%.

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.