Northrop Grumman Corporation $NOC Shares Sold by IFP Advisors Inc

IFP Advisors Inc cut its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 27.3% in the 2nd quarter, Holdings Channel reports. The firm owned 4,288 shares of the aerospace company’s stock after selling 1,610 shares during the period. IFP Advisors Inc’s holdings in Northrop Grumman were worth $2,184,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its position in Northrop Grumman by 50,207.8% in the second quarter. California State Teachers Retirement System now owns 105,745,489 shares of the aerospace company’s stock worth $53,857,235,000 after acquiring an additional 105,535,292 shares in the last quarter. BlackRock Inc. acquired a new stake in Northrop Grumman in the 2nd quarter worth $6,001,616,000. Capital World Investors grew its position in Northrop Grumman by 39.4% in the 4th quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock worth $1,958,151,000 after purchasing an additional 970,029 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Northrop Grumman by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 3,149,478 shares of the aerospace company’s stock worth $1,793,478,000 after purchasing an additional 17,948 shares during the period. Finally, Franklin Resources Inc. increased its holdings in shares of Northrop Grumman by 4.3% during the 4th quarter. Franklin Resources Inc. now owns 3,125,139 shares of the aerospace company’s stock worth $1,781,986,000 after purchasing an additional 128,855 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Insider Transactions at Northrop Grumman

In other news, Director Mark Welsh, III sold 95 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $547.53, for a total transaction of $52,015.35. Following the sale, the director owned 4,393 shares in the company, valued at approximately $2,405,299.29. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

Northrop Grumman Stock Performance

NYSE:NOC opened at $518.19 on Friday. The firm has a market capitalization of $73.60 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 3.04 and a beta of -0.11. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. The stock’s 50-day simple moving average is $543.96 and its 200 day simple moving average is $592.05. Northrop Grumman Corporation has a twelve month low of $479.02 and a twelve month high of $774.00.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, topping the consensus estimate of $6.82 by $0.86. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The company had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the prior year, the company posted $8.15 earnings per share. Northrop Grumman’s revenue for the quarter was up 5.1% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, analysts anticipate that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Monday, August 31st will be given a $2.47 dividend. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, August 31st. Northrop Grumman’s dividend payout ratio (DPR) is 31.39%.

Analyst Ratings Changes

NOC has been the subject of a number of analyst reports. Raymond James Financial restated an “outperform” rating on shares of Northrop Grumman in a research note on Monday, June 15th. Robert W. Baird set a $500.00 target price on shares of Northrop Grumman in a research report on Wednesday, July 22nd. The Goldman Sachs Group dropped their price objective on Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. Susquehanna decreased their target price on Northrop Grumman from $785.00 to $655.00 and set a “positive” rating for the company in a research report on Wednesday, July 22nd. Finally, Jefferies Financial Group cut their price target on shares of Northrop Grumman from $620.00 to $580.00 and set a “hold” rating on the stock in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and an average target price of $662.25.

Northrop Grumman Profile

Northrop Grumman Corporation is a global aerospace and defense company that develops and delivers systems, platforms and technologies for government and commercial customers. Its activities include the design and production of military aircraft, autonomous systems, spacecraft, launch vehicles, missile-defense systems, command-and-control networks, cyber solutions, sensors and other mission-critical technologies.

The company serves the U.S. Department of Defense, other U.S. government agencies and international customers.