Asahi Life Asset Management CO. LTD. Takes $545,000 Position in Northrop Grumman Corporation $NOC

Asahi Life Asset Management CO. LTD. bought a new stake in shares of Northrop Grumman Corporation (NYSE:NOC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 895 shares of the aerospace company’s stock, valued at approximately $545,000.

Other institutional investors also recently bought and sold shares of the company. Coign Capital Advisors LLC increased its position in Northrop Grumman by 1.3% during the second quarter. Coign Capital Advisors LLC now owns 1,294 shares of the aerospace company’s stock valued at $647,000 after acquiring an additional 17 shares during the last quarter. Howard Financial Services LTD. boosted its stake in shares of Northrop Grumman by 1.5% during the 3rd quarter. Howard Financial Services LTD. now owns 1,127 shares of the aerospace company’s stock worth $687,000 after purchasing an additional 17 shares during the period. West Wealth Group LLC grew its holdings in Northrop Grumman by 4.3% during the 3rd quarter. West Wealth Group LLC now owns 412 shares of the aerospace company’s stock valued at $251,000 after purchasing an additional 17 shares during the last quarter. King Luther Capital Management Corp raised its position in Northrop Grumman by 1.5% in the 2nd quarter. King Luther Capital Management Corp now owns 1,243 shares of the aerospace company’s stock worth $621,000 after purchasing an additional 18 shares during the period. Finally, Dakota Community Bank & Trust NA lifted its stake in Northrop Grumman by 6.9% in the third quarter. Dakota Community Bank & Trust NA now owns 278 shares of the aerospace company’s stock worth $169,000 after purchasing an additional 18 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Northrop Grumman

In other news, VP Benjamin R. Davies sold 2,189 shares of the business’s stock in a transaction on 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 completion of the transaction, the vice president directly owned 151 shares of the company’s stock, valued at approximately $108,661.11. The trade was a 93.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Kathy J. Warden sold 20,000 shares of the firm’s stock in a transaction dated 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 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 32,528 shares of company stock worth $22,024,120. 0.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on NOC. TD Cowen reaffirmed a “hold” rating on shares of Northrop Grumman in a research note on Wednesday, January 28th. UBS Group upped their price objective on Northrop Grumman from $777.00 to $778.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Argus set a $785.00 target price on Northrop Grumman in a research report on Tuesday, February 10th. Alembic Global Advisors upgraded shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $662.00 price target on the stock in a report on Monday, December 15th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $765.00 price target on shares of Northrop Grumman in a research note on Thursday, January 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Northrop Grumman has a consensus rating of “Moderate Buy” and a consensus target price of $693.60.

Northrop Grumman Stock Performance

Shares of Northrop Grumman stock opened at $722.73 on Friday. 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 stock’s fifty day moving average price is $642.66 and its 200-day moving average price is $603.67. The firm has a market cap of $102.57 billion, a P/E ratio of 24.81, a P/E/G ratio of 5.47 and a beta of 0.04. Northrop Grumman Corporation has a 12 month low of $437.83 and a 12 month high of $745.55.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share for the quarter, topping analysts’ consensus estimates of $6.97 by $0.26. The company had revenue of $11.71 billion during the quarter, compared to analyst estimates of $11.61 billion. Northrop Grumman had a net margin of 9.97% and a return on equity of 25.57%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.39 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, equities research analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Monday, February 23rd will be issued a dividend of $2.31 per share. This represents a $9.24 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, February 23rd. Northrop Grumman’s dividend payout ratio (DPR) is presently 31.72%.

Northrop Grumman 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.