Capital Group Private Client Services Inc. Sells 2,301 Shares of Northrop Grumman Corporation $NOC

Capital Group Private Client Services Inc. cut its holdings in Northrop Grumman Corporation (NYSE:NOC) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,811 shares of the aerospace company’s stock after selling 2,301 shares during the period. Capital Group Private Client Services Inc.’s holdings in Northrop Grumman were worth $29,543,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Capital Group Investment Management PTE. LTD. grew its holdings in shares of Northrop Grumman by 35.9% in the fourth quarter. Capital Group Investment Management PTE. LTD. now owns 10,585 shares of the aerospace company’s stock valued at $6,036,000 after acquiring an additional 2,797 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Northrop Grumman by 77.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 86,882 shares of the aerospace company’s stock valued at $50,270,000 after acquiring an additional 37,959 shares in the last quarter. Tradition Wealth Management LLC grew its holdings in shares of Northrop Grumman by 19.4% in the fourth quarter. Tradition Wealth Management LLC now owns 596 shares of the aerospace company’s stock valued at $340,000 after acquiring an additional 97 shares in the last quarter. Valtrion Capital Management LLC grew its holdings in shares of Northrop Grumman by 4.2% in the fourth quarter. Valtrion Capital Management LLC now owns 1,010 shares of the aerospace company’s stock valued at $576,000 after acquiring an additional 41 shares in the last quarter. Finally, Havemeyer Place LP bought a new position in shares of Northrop Grumman in the fourth quarter valued at approximately $624,000. 83.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

NOC has been the subject of several recent analyst reports. Wall Street Zen lowered Northrop Grumman from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 25th. BTIG Research reissued a “buy” rating and set a $815.00 price objective on shares of Northrop Grumman in a report on Wednesday, April 22nd. Wells Fargo & Company started coverage on Northrop Grumman in a report on Wednesday, April 1st. They set an “overweight” rating and a $800.00 price objective for the company. Jefferies Financial Group reduced their price objective on Northrop Grumman from $660.00 to $620.00 and set a “buy” rating for the company in a report on Tuesday, May 26th. Finally, Morgan Stanley reduced their price objective on Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $702.63.

Northrop Grumman Trading Down 0.1%

NYSE:NOC opened at $544.73 on Friday. The company has a market cap of $77.37 billion, a P/E ratio of 17.05, a P/E/G ratio of 3.71 and a beta of -0.12. The stock’s fifty day moving average price is $603.63 and its two-hundred day moving average price is $631.07. Northrop Grumman Corporation has a 1 year low of $472.02 and a 1 year high of $774.00. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.04.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.06 by $0.08. The firm had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.75 billion. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, analysts expect that Northrop Grumman Corporation will post 27.93 EPS for the current year.

Northrop Grumman Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st will be given a dividend of $2.47 per share. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, June 1st. Northrop Grumman’s dividend payout ratio (DPR) is currently 30.92%.

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.