Northrop Grumman Corporation $NOC Shares Sold by Dakota Wealth Management

Dakota Wealth Management reduced its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 29.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,249 shares of the aerospace company’s stock after selling 1,388 shares during the period. Dakota Wealth Management’s holdings in Northrop Grumman were worth $1,980,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its holdings in Northrop Grumman by 176.3% in the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock valued at $1,394,000 after acquiring an additional 1,895 shares during the last quarter. Bison Wealth LLC grew its position in shares of Northrop Grumman by 5.3% in the fourth quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock valued at $301,000 after purchasing an additional 32 shares during the period. Woodline Partners LP increased its stake in Northrop Grumman by 367.7% in the first quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company’s stock valued at $1,288,000 after purchasing an additional 1,978 shares during the last quarter. AlphaQuest LLC lifted its position in Northrop Grumman by 29.2% during the second quarter. AlphaQuest LLC now owns 93 shares of the aerospace company’s stock worth $46,000 after buying an additional 21 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Northrop Grumman by 24.8% in the 2nd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 509 shares of the aerospace company’s stock worth $251,000 after buying an additional 101 shares during the last quarter. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Mark A. Welsh III sold 95 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $684.52, for a total value of $65,029.40. Following the completion of the transaction, the director directly owned 4,203 shares in the company, valued at approximately $2,877,037.56. This represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Michael A. Hardesty sold 147 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $732.98, for a total transaction of $107,748.06. Following the sale, the chief accounting officer directly owned 2,525 shares of the company’s stock, valued at approximately $1,850,774.50. The trade was a 5.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 32,431 shares of company stock valued at $21,969,404. Insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NOC shares. TD Cowen reaffirmed a “hold” rating on shares of Northrop Grumman in a research note on Wednesday, January 28th. Jefferies Financial Group boosted 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. BTIG Research increased their price target on shares of Northrop Grumman from $680.00 to $815.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Morgan Stanley reiterated an “overweight” rating and issued a $765.00 price target on shares of Northrop Grumman in a report on Wednesday, January 28th. Finally, Alembic Global Advisors upgraded Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $662.00 price objective for the company in a report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and a consensus target price of $693.60.

Northrop Grumman Stock Performance

Shares of NOC stock opened at $704.50 on Thursday. The company’s fifty day simple moving average is $651.67 and its 200-day simple moving average is $606.57. Northrop Grumman Corporation has a 52 week low of $450.13 and a 52 week high of $745.55. 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 company has a market cap of $99.98 billion, a PE ratio of 24.18, a P/E/G ratio of 5.40 and a beta of 0.04.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results 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. 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 analysts’ expectations of $11.61 billion. During the same period in the prior year, the company earned $6.39 EPS. The firm’s revenue was up 9.6% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, equities research analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The business also recently announced 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 dividend yield of 1.3%. The ex-dividend date is Monday, February 23rd. Northrop Grumman’s dividend payout ratio (DPR) is presently 31.72%.

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.