Public Sector Pension Investment Board Acquires 1,287 Shares of Northrop Grumman Corporation $NOC

Public Sector Pension Investment Board raised its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 12.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,373 shares of the aerospace company’s stock after buying an additional 1,287 shares during the period. Public Sector Pension Investment Board’s holdings in Northrop Grumman were worth $6,930,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Coign Capital Advisors LLC boosted its position in Northrop Grumman by 1.3% during the second quarter. Coign Capital Advisors LLC now owns 1,294 shares of the aerospace company’s stock worth $647,000 after purchasing an additional 17 shares during the period. Howard Financial Services LTD. boosted its holdings in shares of Northrop Grumman by 1.5% during the 3rd quarter. Howard Financial Services LTD. now owns 1,127 shares of the aerospace company’s stock worth $687,000 after buying an additional 17 shares during the period. West Wealth Group LLC raised its holdings in Northrop Grumman by 4.3% in the 3rd quarter. West Wealth Group LLC now owns 412 shares of the aerospace company’s stock worth $251,000 after acquiring an additional 17 shares during the period. King Luther Capital Management Corp lifted its position in Northrop Grumman by 1.5% during the 2nd quarter. King Luther Capital Management Corp now owns 1,243 shares of the aerospace company’s stock worth $621,000 after acquiring an additional 18 shares during the last quarter. Finally, Chesley Taft & Associates LLC boosted its holdings in Northrop Grumman by 1.3% during the third quarter. Chesley Taft & Associates LLC now owns 1,375 shares of the aerospace company’s stock valued at $838,000 after acquiring an additional 18 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Trading Down 0.4%

Shares of Northrop Grumman stock opened at $699.45 on Wednesday. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $715.61. The firm has a market capitalization of $99.27 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 5.22 and a beta of 0.04. 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 company’s fifty day moving average price is $632.68 and its two-hundred day moving average price is $600.95.

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

Northrop Grumman Dividend Announcement

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

Insider Buying and Selling at Northrop Grumman

In other news, Director Mark A. Welsh III sold 97 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $564.08, for a total value of $54,715.76. Following the sale, the director owned 4,281 shares of the company’s stock, valued at approximately $2,414,826.48. This represents a 2.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kathy J. Warden sold 20,000 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $708.82, for a total transaction of $14,176,400.00. Following the completion of the transaction, the chief executive officer owned 171,602 shares in the company, valued at approximately $121,634,929.64. This trade represents a 10.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 30,192 shares of company stock valued at $20,341,145 over the last quarter. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Jefferies Financial Group increased their target price on Northrop Grumman from $630.00 to $690.00 and gave the company a “hold” rating in a research note on Sunday, February 1st. TD Cowen reaffirmed a “hold” rating on shares of Northrop Grumman in a research report on Wednesday, January 28th. Truist Financial reissued a “hold” rating and issued a $623.00 price target (down from $688.00) on shares of Northrop Grumman in a report on Friday, January 9th. Royal Bank Of Canada raised their price target on shares of Northrop Grumman from $715.00 to $750.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Finally, Vertical Research reaffirmed a “hold” rating and set a $688.00 price objective on shares of Northrop Grumman in a research report on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Northrop Grumman 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.