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

Capital Group Private Client Services Inc. cut its holdings in Northrop Grumman Corporation (NYSE:NOC) by 76.7% during the third quarter, Holdings Channel.com reports. 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.

Other institutional investors have also made changes to their positions in the company. Focused Investors LLC lifted its position in Northrop Grumman by 4.1% during the 3rd quarter. Focused Investors LLC now owns 211,800 shares of the aerospace company’s stock worth $129,054,000 after buying an additional 8,300 shares in the last quarter. Merit Financial Group LLC increased its position in shares of Northrop Grumman by 74.5% in the third quarter. Merit Financial Group LLC now owns 11,060 shares of the aerospace company’s stock valued at $6,739,000 after acquiring an additional 4,721 shares during the last quarter. Huntleigh Advisors Inc. bought a new stake in Northrop Grumman during the third quarter worth about $2,818,000. Oak Thistle LLC acquired a new position in Northrop Grumman during the third quarter valued at approximately $1,015,000. Finally, Mawer Investment Management Ltd. bought a new position in Northrop Grumman in the second quarter valued at approximately $491,985,000. Institutional investors own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NOC. Vertical Research reissued a “hold” rating and issued a $688.00 target price on shares of Northrop Grumman in a research note on Tuesday, January 27th. Citigroup upped their target price on shares of Northrop Grumman from $715.00 to $781.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Morgan Stanley reissued an “overweight” rating and set a $765.00 price target on shares of Northrop Grumman in a research report on Wednesday, January 28th. Jefferies Financial Group raised their price objective on Northrop Grumman from $630.00 to $690.00 and gave the company a “hold” rating in a research report on Sunday, February 1st. Finally, Bank of America increased their price target on Northrop Grumman from $685.00 to $750.00 and gave the company a “buy” rating in a research note 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. According to MarketBeat.com, Northrop Grumman currently has an average rating of “Moderate Buy” and a consensus target price of $693.60.

Northrop Grumman Stock Down 1.2%

NOC opened at $747.10 on Tuesday. The stock has a fifty day moving average of $678.79 and a 200-day moving average of $615.73. 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. Northrop Grumman Corporation has a fifty-two week low of $450.13 and a fifty-two week high of $774.00. 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 (NYSE:NOC) last issued its quarterly earnings data on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share for the quarter, topping the consensus estimate of $6.97 by $0.26. Northrop Grumman had a net margin of 9.97% and a return on equity of 25.57%. The business had revenue of $11.71 billion during the quarter, compared to analysts’ expectations of $11.61 billion. During the same quarter in the previous year, the company 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, equities analysts expect that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

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

Insider Activity

In other Northrop Grumman news, CEO Kathy J. Warden sold 20,000 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $708.82, for a total transaction of $14,176,400.00. Following the completion of the sale, the chief executive officer directly owned 171,602 shares in the company, valued at $121,634,929.64. This represents a 10.44% decrease in their ownership of the stock. The transaction 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 Northrop Grumman stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $719.61, for a total value of $1,575,226.29. Following the completion of the transaction, the vice president owned 151 shares in the company, valued at approximately $108,661.11. The trade was a 93.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 32,431 shares of company stock valued at $21,969,404 in the last 90 days. 0.23% of the stock is owned by corporate insiders.

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.