Nuance Investments LLC Lowers Stock Holdings in Northrop Grumman Corporation $NOC

Nuance Investments LLC lowered its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 81.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 9,403 shares of the aerospace company’s stock after selling 40,334 shares during the quarter. Nuance Investments LLC’s holdings in Northrop Grumman were worth $5,729,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Parvin Asset Management LLC purchased a new stake in Northrop Grumman in the second quarter worth approximately $25,000. Physician Wealth Advisors Inc. lifted its holdings in shares of Northrop Grumman by 200.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 32 shares during the last quarter. NewSquare Capital LLC boosted its stake in shares of Northrop Grumman by 75.0% in the 2nd quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 27 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of Northrop Grumman during the 2nd quarter valued at $31,000. Finally, Manning & Napier Advisors LLC bought a new position in shares of Northrop Grumman during the 3rd quarter valued at $42,000. 83.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Morgan Stanley restated an “overweight” rating and set a $765.00 price target on shares of Northrop Grumman in a research report on Wednesday, January 28th. TD Cowen restated a “hold” rating on shares of Northrop Grumman in a report on Wednesday, January 28th. Weiss Ratings restated a “buy (b)” rating on shares of Northrop Grumman in a research report on Wednesday, December 24th. JPMorgan Chase & Co. boosted their price objective on Northrop Grumman from $575.00 to $640.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $765.00 price objective on shares of Northrop Grumman in a research note on Thursday, January 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $688.79.

Insider Transactions at Northrop Grumman

In related news, CEO Kathy J. Warden sold 3,000 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $615.00, for a total transaction of $1,845,000.00. Following the transaction, the chief executive officer owned 191,602 shares in the company, valued at $117,835,230. The trade was a 1.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Welsh III sold 95 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $684.52, for a total transaction of $65,029.40. Following the completion of the transaction, the director directly owned 4,203 shares of the company’s stock, valued at approximately $2,877,037.56. The trade was a 2.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,192 shares of company stock worth $6,164,745 in the last ninety days. Insiders own 0.23% of the company’s stock.

Northrop Grumman Price Performance

Shares of NOC stock opened at $709.77 on Monday. The firm 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. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $711.88. The business’s 50 day moving average price is $612.48 and its 200-day moving average price is $595.00. 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 announced its earnings results on Tuesday, January 27th. The aerospace company reported $7.23 EPS for the quarter, beating 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 return on equity of 25.57% and a net margin of 9.97%.The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.39 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, equities research analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st were given a $2.31 dividend. This represents a $9.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, December 1st. Northrop Grumman’s dividend payout ratio (DPR) is currently 31.72%.

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.