Northrop Grumman Corporation $NOC Stock Holdings Lowered by Alliancebernstein L.P.

Alliancebernstein L.P. lessened its position in Northrop Grumman Corporation (NYSE:NOC) by 22.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 238,474 shares of the aerospace company’s stock after selling 68,733 shares during the period. Alliancebernstein L.P. owned approximately 0.17% of Northrop Grumman worth $145,307,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NOC. Parvin Asset Management LLC acquired a new position in shares of Northrop Grumman during the second quarter worth approximately $25,000. Financial Life Planners acquired a new position in Northrop Grumman during the 3rd quarter worth $27,000. Physician Wealth Advisors Inc. boosted its position in Northrop Grumman by 200.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 32 shares during the period. Hopwood Financial Services Inc. bought a new position in shares of Northrop Grumman in the third quarter worth $30,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Northrop Grumman in the second quarter worth $31,000. 83.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, CAO Michael A. Hardesty sold 147 shares of Northrop Grumman stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $732.98, for a total value of $107,748.06. Following the transaction, the chief accounting officer owned 2,525 shares in the company, valued at approximately $1,850,774.50. The trade was a 5.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Benjamin R. Davies sold 2,189 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $719.61, for a total value of $1,575,226.29. Following the sale, the vice president owned 151 shares of the company’s stock, valued at $108,661.11. This trade represents a 93.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 32,431 shares of company stock valued at $21,969,404. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NOC shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $765.00 price objective on shares of Northrop Grumman in a research note on Thursday, January 29th. Jefferies Financial Group raised their target price on shares of Northrop Grumman from $630.00 to $690.00 and gave the company a “hold” rating in a research note on Sunday, February 1st. Sanford C. Bernstein restated a “market perform” rating and set a $727.00 price target on shares of Northrop Grumman in a research report on Monday, January 12th. BTIG Research increased 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. Finally, UBS Group boosted their target price on Northrop Grumman from $777.00 to $778.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $693.60.

Northrop Grumman Price Performance

Shares of Northrop Grumman stock opened at $736.26 on Tuesday. Northrop Grumman Corporation has a 52 week low of $450.13 and a 52 week high of $774.00. 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 has a market cap of $104.49 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 5.45 and a beta of 0.03. The company’s 50-day moving average price is $694.01 and its two-hundred day moving average price is $620.86.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share for the quarter, beating the consensus estimate 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 business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $6.39 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, sell-side analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Monday, February 23rd were issued a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was 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.