AIA Group Ltd Has $7.71 Million Stock Position in Northrop Grumman Corporation $NOC

AIA Group Ltd boosted its stake in Northrop Grumman Corporation (NYSE:NOC) by 17.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,660 shares of the aerospace company’s stock after purchasing an additional 1,905 shares during the quarter. AIA Group Ltd’s holdings in Northrop Grumman were worth $7,714,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NOC. Howard Financial Services LTD. lifted its holdings 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 acquiring an additional 17 shares during the period. West Wealth Group LLC increased its stake in Northrop Grumman by 4.3% in the third quarter. West Wealth Group LLC now owns 412 shares of the aerospace company’s stock valued at $251,000 after acquiring an additional 17 shares during the last quarter. Dakota Community Bank & Trust NA raised its position in Northrop Grumman by 6.9% during the third quarter. Dakota Community Bank & Trust NA now owns 278 shares of the aerospace company’s stock valued at $169,000 after purchasing an additional 18 shares in the last quarter. Chesley Taft & Associates LLC raised its position in Northrop Grumman by 1.3% during the third quarter. Chesley Taft & Associates LLC now owns 1,375 shares of the aerospace company’s stock valued at $838,000 after purchasing an additional 18 shares in the last quarter. Finally, Capital Investment Advisors LLC lifted its stake in Northrop Grumman by 0.9% during the third quarter. Capital Investment Advisors LLC now owns 2,067 shares of the aerospace company’s stock worth $1,259,000 after purchasing an additional 18 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Insiders Place Their Bets

In other Northrop Grumman news, CEO Kathy J. Warden sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $708.82, for a total value of $14,176,400.00. Following the transaction, the chief executive officer directly owned 171,602 shares of the company’s stock, valued at approximately $121,634,929.64. The trade was a 10.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Benjamin R. Davies sold 2,189 shares of the 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 owned 151 shares in the company, valued at $108,661.11. The trade was a 93.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 32,431 shares of company stock valued at $21,969,404 in the last ninety days. 0.23% of the stock is owned by corporate insiders.

Northrop Grumman Price Performance

Shares of NYSE NOC opened at $724.82 on Thursday. The company has a market capitalization of $102.87 billion, a PE ratio of 24.88, a P/E/G ratio of 5.38 and a beta of 0.03. The company has a quick ratio of 1.01, a current ratio of 1.10 and a debt-to-equity ratio of 0.91. Northrop Grumman Corporation has a twelve month low of $450.13 and a twelve month high of $774.00. The firm has a fifty day simple moving average of $699.26 and a 200 day simple moving average of $622.52.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Tuesday, January 27th. The aerospace company reported $7.23 EPS for the quarter, beating 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 business had revenue of $11.71 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same quarter in the prior year, the firm posted $6.39 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, sell-side analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Monday, February 23rd were issued a $2.31 dividend. 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 payout ratio is presently 31.72%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Truist Financial reiterated a “hold” rating and issued a $623.00 price target (down from $688.00) on shares of Northrop Grumman in a research note on Friday, January 9th. BTIG Research upped their price objective on Northrop Grumman from $680.00 to $815.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $765.00 target price on shares of Northrop Grumman in a research report on Thursday, January 29th. TD Cowen reissued a “hold” rating on shares of Northrop Grumman in a research note on Wednesday, January 28th. Finally, UBS Group increased their target price on shares of Northrop Grumman from $777.00 to $778.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and an average price target of $693.60.

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.