Synovus Financial Corp Has $1.94 Million Holdings in Northrop Grumman Corporation $NOC

Synovus Financial Corp raised its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 34.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,173 shares of the aerospace company’s stock after acquiring an additional 820 shares during the period. Synovus Financial Corp’s holdings in Northrop Grumman were worth $1,935,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Northrop Grumman by 176.3% in the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock valued at $1,394,000 after purchasing an additional 1,895 shares in the last quarter. Bison Wealth LLC boosted its stake in Northrop Grumman by 5.3% in the fourth quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock valued at $301,000 after buying an additional 32 shares in the last quarter. Woodline Partners LP grew its position in Northrop Grumman by 367.7% in the first quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company’s stock valued at $1,288,000 after acquiring an additional 1,978 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in Northrop Grumman by 3.0% during the second quarter. Cullen Frost Bankers Inc. now owns 1,246 shares of the aerospace company’s stock worth $623,000 after acquiring an additional 36 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in shares of Northrop Grumman by 3.8% in the second quarter. D.A. Davidson & CO. now owns 9,342 shares of the aerospace company’s stock worth $4,671,000 after acquiring an additional 340 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Insiders Place Their Bets

In other Northrop Grumman news, Director Mark A. Welsh III sold 97 shares of the company’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 transaction, the director directly owned 4,281 shares in the company, valued at approximately $2,414,826.48. This represents a 2.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Michael A. Hardesty sold 147 shares of Northrop Grumman stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $732.98, for a total transaction of $107,748.06. Following the sale, the chief accounting officer directly owned 2,525 shares in the company, valued at $1,850,774.50. The trade was a 5.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 32,528 shares of company stock worth $22,024,120. 0.23% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada lifted their price target on shares of Northrop Grumman from $715.00 to $750.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Argus set a $785.00 price target on Northrop Grumman in a research report on Tuesday, February 10th. TD Cowen restated a “hold” rating on shares of Northrop Grumman in a research report on Wednesday, January 28th. Citigroup increased their target price on shares of Northrop Grumman from $715.00 to $781.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, Susquehanna restated a “positive” rating and issued a $752.00 price target on shares of Northrop Grumman in a research report on Thursday, January 15th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Northrop Grumman currently has a consensus rating of “Moderate Buy” and an average target price of $693.60.

Northrop Grumman Stock Down 1.9%

Shares of NYSE NOC opened at $722.73 on Friday. 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 company has a market cap of $102.57 billion, a P/E ratio of 24.81, a P/E/G ratio of 5.37 and a beta of 0.04. Northrop Grumman Corporation has a 52 week low of $437.83 and a 52 week high of $745.55. The business has a 50-day simple moving average of $642.66 and a two-hundred day simple moving average of $603.76.

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 during 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 period in the previous year, the firm posted $6.39 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Research analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

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

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.