Northrop Grumman Corporation $NOC Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC cut its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 6.1% during the third quarter, HoldingsChannel.com reports. The fund owned 257,028 shares of the aerospace company’s stock after selling 16,653 shares during the quarter. Northrop Grumman makes up 1.9% of Penserra Capital Management LLC’s holdings, making the stock its 3rd largest position. Penserra Capital Management LLC’s holdings in Northrop Grumman were worth $156,610,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Focused Investors LLC raised its stake in shares of Northrop Grumman by 4.1% during the third quarter. Focused Investors LLC now owns 211,800 shares of the aerospace company’s stock worth $129,054,000 after purchasing an additional 8,300 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its stake in Northrop Grumman by 29.4% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 1,848 shares of the aerospace company’s stock valued at $924,000 after buying an additional 420 shares during the period. Merit Financial Group LLC raised its position in Northrop Grumman by 74.5% during the 3rd quarter. Merit Financial Group LLC now owns 11,060 shares of the aerospace company’s stock worth $6,739,000 after buying an additional 4,721 shares during the last quarter. Oak Thistle LLC acquired a new stake in shares of Northrop Grumman in the 3rd quarter worth $1,015,000. Finally, Mawer Investment Management Ltd. purchased a new stake in shares of Northrop Grumman in the second quarter valued at about $491,985,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Price Performance

Shares of NYSE:NOC opened at $705.31 on Wednesday. The firm has a market capitalization of $100.10 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 5.09 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 business’s 50 day simple moving average is $604.69 and its 200-day simple moving average is $591.83. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $707.66.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.97 by $0.26. The firm had revenue of $11.71 billion during the quarter, compared to analysts’ expectations of $11.61 billion. Northrop Grumman had a return on equity of 25.57% and a net margin of 9.97%.Northrop Grumman’s revenue was up 9.6% on a year-over-year basis. During the same period 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. As a group, equities analysts forecast 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, December 17th. Investors of record on Monday, December 1st were given a $2.31 dividend. The ex-dividend date was Monday, December 1st. This represents a $9.24 annualized dividend and a dividend yield of 1.3%. Northrop Grumman’s payout ratio is currently 31.72%.

Analysts Set New Price Targets

Several research firms recently issued reports on NOC. BNP Paribas Exane initiated coverage on shares of Northrop Grumman in a report on Tuesday, November 18th. They set an “outperform” rating and a $710.00 price target for the company. Citigroup increased their target price on Northrop Grumman from $715.00 to $781.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $765.00 price target on shares of Northrop Grumman in a report on Thursday, January 29th. UBS Group upped their price objective on Northrop Grumman from $777.00 to $778.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. increased their price objective on Northrop Grumman from $575.00 to $640.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Northrop Grumman has a consensus rating of “Moderate Buy” and an average price target of $688.79.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, CEO Kathy J. Warden sold 3,000 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $615.00, for a total value of $1,845,000.00. Following the sale, the chief executive officer owned 191,602 shares of the company’s stock, valued at $117,835,230. This represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Welsh III sold 95 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $684.52, for a total transaction of $65,029.40. Following the transaction, the director directly owned 4,203 shares of the company’s stock, valued at approximately $2,877,037.56. This trade represents a 2.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 10,192 shares of company stock worth $6,164,745. 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.