AIA Group Ltd Has $7.71 Million Holdings in Northrop Grumman Corporation $NOC

AIA Group Ltd grew its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 17.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,660 shares of the aerospace company’s stock after acquiring an additional 1,905 shares during the quarter. AIA Group Ltd’s holdings in Northrop Grumman were worth $7,714,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Keel Point LLC increased its position in shares of Northrop Grumman by 9.6% during the third quarter. Keel Point LLC now owns 1,330 shares of the aerospace company’s stock worth $810,000 after acquiring an additional 116 shares in the last quarter. Mirabella Financial Services LLP increased its holdings in Northrop Grumman by 148.7% during the 3rd quarter. Mirabella Financial Services LLP now owns 5,129 shares of the aerospace company’s stock worth $3,119,000 after purchasing an additional 3,067 shares in the last quarter. Hudson Bay Capital Management LP bought a new stake in Northrop Grumman during the 3rd quarter worth approximately $414,000. Saranac Partners Ltd purchased a new stake in shares of Northrop Grumman in the third quarter worth approximately $55,000. Finally, Strategic Investment Solutions Inc. IL raised its stake in shares of Northrop Grumman by 186.3% in the third quarter. Strategic Investment Solutions Inc. IL now owns 604 shares of the aerospace company’s stock worth $369,000 after purchasing an additional 393 shares during the last quarter. 83.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Kathy J. Warden sold 20,000 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $708.82, for a total transaction of $14,176,400.00. Following the sale, the chief executive officer directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Benjamin R. Davies sold 2,189 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $719.61, for a total value of $1,575,226.29. Following the sale, the vice president directly owned 151 shares in the company, valued at $108,661.11. This trade represents a 93.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 32,431 shares of company stock valued at $21,969,404 in the last ninety days. 0.23% of the stock is owned by company insiders.

Northrop Grumman Stock Performance

NYSE NOC opened at $724.82 on Thursday. The firm has a market cap of $102.87 billion, a P/E ratio of 24.88, a price-to-earnings-growth ratio of 5.38 and a beta of 0.03. 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’s 50 day moving average is $699.26 and its 200-day moving average is $622.52. Northrop Grumman Corporation has a 12-month low of $450.13 and a 12-month high of $774.00.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, January 27th. The aerospace company reported $7.23 EPS for the quarter, topping 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 company had revenue of $11.71 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period last year, the firm earned $6.39 EPS. Northrop Grumman’s revenue for the quarter was up 9.6% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Sell-side analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Monday, February 23rd were issued 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 of this dividend was Monday, February 23rd. Northrop Grumman’s dividend payout ratio (DPR) is presently 31.72%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NOC. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $727.00 target price on shares of Northrop Grumman in a research report on Monday, January 12th. Susquehanna reissued a “positive” rating and issued a $752.00 price target on shares of Northrop Grumman in a research report on Thursday, January 15th. Royal Bank Of Canada lifted their price objective 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Northrop Grumman in a research note on Wednesday, December 24th. Finally, Jefferies Financial Group increased their target price on shares of Northrop Grumman from $630.00 to $690.00 and gave the company a “hold” rating in a report on Sunday, February 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $693.60.

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.