Capital International Inc. CA Sells 3,580 Shares of Northrop Grumman Corporation $NOC

Capital International Inc. CA reduced its stake in Northrop Grumman Corporation (NYSE:NOC) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 184,282 shares of the aerospace company’s stock after selling 3,580 shares during the period. Capital International Inc. CA owned 0.13% of Northrop Grumman worth $105,079,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in NOC. Brighton Jones LLC lifted its holdings in Northrop Grumman by 176.3% during the fourth quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock worth $1,394,000 after acquiring an additional 1,895 shares in the last quarter. Bison Wealth LLC lifted its holdings in Northrop Grumman by 5.3% during the fourth quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock worth $301,000 after acquiring an additional 32 shares in the last quarter. Woodline Partners LP lifted its holdings in Northrop Grumman by 367.7% during the first quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company’s stock worth $1,288,000 after acquiring an additional 1,978 shares in the last quarter. AXA S.A. lifted its holdings in Northrop Grumman by 1,487.8% during the second quarter. AXA S.A. now owns 16,338 shares of the aerospace company’s stock worth $8,169,000 after acquiring an additional 15,309 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in Northrop Grumman by 6.7% during the second quarter. NewEdge Advisors LLC now owns 8,865 shares of the aerospace company’s stock worth $4,432,000 after acquiring an additional 553 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on NOC shares. Jefferies Financial Group reduced their target price on Northrop Grumman from $660.00 to $620.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. Wells Fargo & Company started coverage on Northrop Grumman in a report on Wednesday, April 1st. They set an “overweight” rating and a $800.00 target price on the stock. Weiss Ratings lowered Northrop Grumman from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. BTIG Research reiterated a “buy” rating and set a $815.00 target price on shares of Northrop Grumman in a report on Wednesday, April 22nd. Finally, Argus set a $785.00 target price on Northrop Grumman in a report on Tuesday, February 10th. Two research 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $702.63.

Northrop Grumman Stock Performance

NOC opened at $544.73 on Friday. Northrop Grumman Corporation has a 52-week low of $472.02 and a 52-week high of $774.00. The firm has a market capitalization of $77.37 billion, a PE ratio of 17.05, a PEG ratio of 3.71 and a beta of -0.12. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15. The business’s 50-day simple moving average is $603.63 and its 200 day simple moving average is $631.07.

Northrop Grumman (NYSE:NOC) last released 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. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The business had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same quarter in the prior year, the company posted $6.06 earnings per share. Northrop Grumman’s revenue was up 4.4% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, sell-side analysts expect that Northrop Grumman Corporation will post 27.93 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

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