Northrop Grumman Corporation $NOC Shares Sold by Game Creek Capital LP

Game Creek Capital LP reduced its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 49.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,700 shares of the aerospace company’s stock after selling 3,550 shares during the period. Game Creek Capital LP’s holdings in Northrop Grumman were worth $2,254,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Parvin Asset Management LLC acquired a new stake in Northrop Grumman during the second quarter worth about $25,000. Financial Life Planners acquired a new position in Northrop Grumman in the third quarter valued at approximately $27,000. Physician Wealth Advisors Inc. lifted its holdings in Northrop Grumman by 200.0% in the third quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 32 shares during the period. Hopwood Financial Services Inc. purchased a new stake in Northrop Grumman in the 3rd quarter worth approximately $30,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Northrop Grumman during the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Analysts Set New Price Targets

NOC has been the subject of several recent research reports. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $727.00 target price on shares of Northrop Grumman in a report on Monday, January 12th. Bank of America raised their price target on shares of Northrop Grumman from $685.00 to $750.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. BTIG Research lifted their price objective on shares of Northrop Grumman from $680.00 to $815.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Royal Bank Of Canada lifted their price objective on shares of Northrop Grumman from $715.00 to $750.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Finally, Vertical Research reissued a “hold” rating and set a $688.00 target price on shares of Northrop Grumman in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $693.60.

Northrop Grumman Price Performance

Shares of Northrop Grumman stock opened at $733.88 on Friday. The business has a 50 day simple moving average of $691.50 and a two-hundred day simple moving average of $619.39. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.10 and a quick ratio of 1.01. The stock has a market capitalization of $104.15 billion, a P/E ratio of 25.19, a PEG ratio of 5.47 and a beta of 0.03. Northrop Grumman Corporation has a 12 month low of $450.13 and a 12 month high of $774.00.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.97 by $0.26. The company had revenue of $11.71 billion for the quarter, compared to analysts’ expectations of $11.61 billion. Northrop Grumman had a net margin of 9.97% and a return on equity of 25.57%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.39 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

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

Insider Activity

In related news, VP Benjamin R. Davies sold 2,189 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president directly owned 151 shares in the company, valued at approximately $108,661.11. This represents a 93.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Michael A. Hardesty sold 147 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $732.98, for a total value 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. This trade represents a 5.50% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 32,431 shares of company stock worth $21,969,404. 0.23% of the stock is owned by insiders.

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.