Cim Investment Management Inc. Cuts Stock Position in Northrop Grumman Corporation $NOC

Cim Investment Management Inc. lessened its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 50.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 929 shares of the aerospace company’s stock after selling 953 shares during the quarter. Cim Investment Management Inc.’s holdings in Northrop Grumman were worth $566,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Financial Life Planners acquired a new position in shares of Northrop Grumman in the third quarter worth $27,000. Physician Wealth Advisors Inc. boosted 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 purchasing an additional 32 shares during the period. Parvin Asset Management LLC purchased a new position in Northrop Grumman in the second quarter valued at $25,000. Hopwood Financial Services Inc. acquired a new position in Northrop Grumman during the 3rd quarter worth $30,000. Finally, Wexford Capital LP acquired a new position in Northrop Grumman during the 3rd quarter worth $33,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analyst Ratings Changes

NOC has been the topic of a number of analyst reports. Truist Financial reaffirmed a “hold” rating and issued a $623.00 price target (down from $688.00) on shares of Northrop Grumman in a research report on Friday, January 9th. UBS Group boosted their price objective on Northrop Grumman from $777.00 to $778.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Susquehanna restated a “positive” rating and set a $752.00 target price on shares of Northrop Grumman in a research note on Thursday, January 15th. Vertical Research reaffirmed a “hold” rating and issued a $688.00 target price on shares of Northrop Grumman in a report on Tuesday, January 27th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $727.00 price target on shares of Northrop Grumman in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Northrop Grumman currently has a consensus rating of “Moderate Buy” and an average price target of $693.60.

Insider Transactions at Northrop Grumman

In related news, CEO Kathy J. Warden sold 20,000 shares of the business’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 $121,634,929.64. The trade was a 10.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Michael A. Hardesty sold 147 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $732.98, for a total transaction of $107,748.06. Following the completion of the sale, the chief accounting officer directly 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 SEC filing for this sale provides additional information. In the last ninety days, insiders sold 32,431 shares of company stock valued at $21,969,404. Company insiders own 0.23% of the company’s stock.

Northrop Grumman Stock Down 1.7%

NOC stock opened at $723.35 on Wednesday. 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’s 50-day moving average price is $696.28 and its 200 day moving average price is $621.80. Northrop Grumman Corporation has a 52 week low of $450.13 and a 52 week high of $774.00. The company has a market cap of $102.66 billion, a P/E ratio of 24.83, a P/E/G ratio of 5.47 and a beta of 0.03.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.97 by $0.26. The company had revenue of $11.71 billion during 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% compared to the same quarter last year. During the same period last year, the company posted $6.39 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, research analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $9.24 annualized dividend and a yield of 1.3%. Northrop Grumman’s payout ratio is currently 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.