Northrop Grumman Corporation $NOC Shares Sold by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT decreased its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 93,270 shares of the aerospace company’s stock after selling 1,069 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Northrop Grumman were worth $56,832,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Parvin Asset Management LLC acquired a new position in Northrop Grumman during the second quarter worth approximately $25,000. Physician Wealth Advisors Inc. lifted 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 valued at $29,000 after acquiring an additional 32 shares during the period. Hopwood Financial Services Inc. acquired a new position in Northrop Grumman during the third quarter worth about $30,000. NewSquare Capital LLC boosted its position in Northrop Grumman by 75.0% during the second quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 27 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Northrop Grumman in the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

NOC stock opened at $728.91 on Wednesday. The stock’s 50 day simple moving average is $648.86 and its 200 day simple moving average is $605.88. Northrop Grumman Corporation has a 12-month low of $450.13 and a 12-month high of $745.55. The firm has a market cap of $103.45 billion, a P/E ratio of 25.02, a P/E/G ratio of 5.39 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.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share for the quarter, beating the consensus estimate of $6.97 by $0.26. Northrop Grumman had a net margin of 9.97% and a return on equity of 25.57%. The firm had revenue of $11.71 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the previous year, the firm earned $6.39 earnings per share. The firm’s revenue for the quarter 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. As a group, equities research analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Monday, February 23rd will be given 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 presently 31.72%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NOC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Northrop Grumman in a research note on Wednesday, December 24th. Jefferies Financial Group boosted their price target on Northrop Grumman from $630.00 to $690.00 and gave the company a “hold” rating in a research report on Sunday, February 1st. BTIG Research raised their target price on Northrop Grumman from $680.00 to $815.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Susquehanna restated a “positive” rating and set a $752.00 target price on shares of Northrop Grumman in a research note on Thursday, January 15th. Finally, Alembic Global Advisors raised Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $662.00 price target for the company in a report on Monday, December 15th. 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $693.60.

Insider Buying and Selling

In other Northrop Grumman news, VP Benjamin R. Davies sold 2,189 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $719.61, for a total value of $1,575,226.29. Following the completion of the transaction, the vice president owned 151 shares in the company, valued at approximately $108,661.11. This represents a 93.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Michael A. Hardesty sold 147 shares of Northrop Grumman stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $732.98, for a total value 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. Insiders have sold 32,431 shares of company stock valued at $21,969,404 in the last 90 days. Corporate insiders own 0.23% of the company’s stock.

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.