Alps Advisors Inc. Has $2.70 Million Stake in Northrop Grumman Corporation $NOC

Alps Advisors Inc. raised its holdings in Northrop Grumman Corporation (NYSE:NOC) by 49.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,428 shares of the aerospace company’s stock after acquiring an additional 1,475 shares during the quarter. Alps Advisors Inc.’s holdings in Northrop Grumman were worth $2,698,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Soundwatch Capital LLC bought a new position in shares of Northrop Grumman in the 2nd quarter valued at about $6,457,274,000. Mawer Investment Management Ltd. acquired a new position in Northrop Grumman during the second quarter valued at approximately $491,985,000. Franklin Resources Inc. boosted its holdings in shares of Northrop Grumman by 11.8% in the 2nd quarter. Franklin Resources Inc. now owns 2,933,061 shares of the aerospace company’s stock valued at $1,466,472,000 after buying an additional 308,680 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Northrop Grumman by 26.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,051,226 shares of the aerospace company’s stock valued at $640,534,000 after acquiring an additional 221,431 shares during the period. Finally, Laurel Wealth Advisors LLC grew its holdings in Northrop Grumman by 49,898.2% during the second quarter. Laurel Wealth Advisors LLC now owns 169,494 shares of the aerospace company’s stock worth $84,744,000 after purchasing an additional 169,155 shares during the period. 83.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NOC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Northrop Grumman from $575.00 to $640.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Sanford C. Bernstein reiterated a “market perform” rating and issued a $727.00 price target on shares of Northrop Grumman in a research note on Monday, January 12th. TD Cowen reaffirmed a “hold” rating on shares of Northrop Grumman in a research note on Wednesday, January 28th. Argus set a $785.00 price objective on shares of Northrop Grumman in a research note on Tuesday. Finally, Bank of America raised their target price on shares of Northrop Grumman from $685.00 to $750.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $693.60.

Northrop Grumman Trading Down 1.9%

NOC opened at $685.00 on Wednesday. The company has a market cap of $97.22 billion, a P/E ratio of 23.52, a PEG ratio of 5.18 and a beta of 0.04. The company has a current ratio of 1.10, a quick ratio of 1.01 and a debt-to-equity ratio of 0.91. The company’s 50 day moving average is $618.32 and its 200-day moving average is $596.73. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $715.61.

Northrop Grumman (NYSE:NOC) last released 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. Northrop Grumman had a net margin of 9.97% and a return on equity of 25.57%. The business had revenue of $11.71 billion during the quarter, compared to analysts’ expectations of $11.61 billion. During the same period in the prior year, the company earned $6.39 EPS. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Equities research analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Monday, February 23rd will be given a $2.31 dividend. 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 payout ratio is 31.72%.

Insider Buying and Selling

In other news, CEO Kathy J. Warden sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $708.82, for a total value of $14,176,400.00. Following the transaction, the chief executive officer owned 171,602 shares in the company, valued at approximately $121,634,929.64. The trade was a 10.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $54,715.76. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 30,192 shares of company stock worth $20,341,145. 0.23% of the stock is owned by insiders.

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.