Capital Investment Advisory Services LLC Sells 1,014 Shares of Northrop Grumman Corporation $NOC

Capital Investment Advisory Services LLC decreased its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 41.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,453 shares of the aerospace company’s stock after selling 1,014 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Northrop Grumman were worth $885,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Parvin Asset Management LLC bought a new position in Northrop Grumman in the 2nd quarter worth about $25,000. Physician Wealth Advisors Inc. raised its holdings in Northrop Grumman by 200.0% in the third quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock worth $29,000 after buying an additional 32 shares during the last quarter. NewSquare Capital LLC lifted its stake in shares of Northrop Grumman by 75.0% in the second quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after buying an additional 27 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Northrop Grumman during the second quarter valued at approximately $31,000. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Northrop Grumman during the third quarter valued at approximately $42,000. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Trading Up 1.9%

Northrop Grumman stock opened at $709.77 on Friday. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $711.88. The company has a market cap of $100.73 billion, a P/E ratio of 24.37, a P/E/G ratio of 5.27 and a beta of 0.04. 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 business has a 50-day simple moving average of $612.48 and a two-hundred day simple moving average of $594.81.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.97 by $0.26. The company had revenue of $11.71 billion for the quarter, compared to the consensus estimate 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 was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm posted $6.39 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st were given a dividend of $2.31 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.3%. Northrop Grumman’s payout ratio is presently 31.72%.

Insider Buying and Selling at Northrop Grumman

In related news, CEO Kathy J. Warden sold 3,000 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $615.00, for a total value of $1,845,000.00. Following the transaction, the chief executive officer directly owned 191,602 shares of the company’s stock, valued at approximately $117,835,230. This trade represents a 1.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $684.52, for a total value of $65,029.40. Following the transaction, the director owned 4,203 shares in the company, valued at $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. Insiders sold a total of 10,192 shares of company stock valued at $6,164,745 over the last 90 days. 0.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NOC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Northrop Grumman in a research report on Wednesday, December 24th. Jefferies Financial Group increased 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $765.00 price objective on shares of Northrop Grumman in a report on Thursday, January 29th. Royal Bank Of Canada upped their target price on shares of Northrop Grumman from $715.00 to $750.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Northrop Grumman from $575.00 to $640.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $688.79.

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.