Key Points
- Northrop Grumman VP Benjamin Davies sold 2,189 shares on Feb. 18 at an average price of $719.61 for a total of $1,575,226.29, leaving him with 151 shares (a 93.55% reduction), as disclosed in an SEC filing.
- Shares traded down $10.59 to $726.28 on the report with 124,863 shares changing hands; the company has a market cap of about $103.1 billion, a P/E of 24.9 and a 52-week range of $437.83–$745.55.
- Northrop beat Q results (EPS $7.23 vs. $6.97 expected; revenue $11.71B, +9.6% YoY), set FY2026 guidance of 27.40–27.90 EPS, declared a quarterly dividend of $2.31 (1.3% yield), and holds an average analyst rating of "Moderate Buy" with a mean target of ~$693.60.
Northrop Grumman Corporation (NYSE:NOC - Get Free Report) VP Benjamin Davies sold 2,189 shares of the firm's stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $719.61, for a total transaction of $1,575,226.29. Following the completion of the sale, the vice president directly owned 151 shares in the company, valued at approximately $108,661.11. This trade represents a 93.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Northrop Grumman Stock Down 1.4%
NYSE NOC traded down $10.59 on Friday, hitting $726.28. 124,863 shares of the stock were exchanged, compared to its average volume of 1,063,090. Northrop Grumman Corporation has a fifty-two week low of $437.83 and a fifty-two week high of $745.55. The company has a 50-day moving average price of $639.60 and a 200-day moving average price of $602.75. The company has a quick ratio of 1.01, a current ratio of 1.10 and a debt-to-equity ratio of 0.91. The company has a market cap of $103.07 billion, a PE ratio of 24.90, a PEG ratio of 5.38 and a beta of 0.04.
Northrop Grumman (NYSE:NOC - Get Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share for the quarter, beating analysts' consensus estimates of $6.97 by $0.26. The business had revenue of $11.71 billion for 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 company's revenue was up 9.6% on a year-over-year basis. During the same period last year, the business earned $6.39 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Sell-side analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.
Northrop Grumman Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Monday, February 23rd will be given 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 of this dividend is Monday, February 23rd. Northrop Grumman's dividend payout ratio is currently 31.72%.
Institutional Investors Weigh In On Northrop Grumman
Several large investors have recently modified their holdings of NOC. Brighton Jones LLC increased its holdings in shares of 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 period. Bison Wealth LLC grew its position in Northrop Grumman by 5.3% during the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company's stock worth $301,000 after purchasing an additional 32 shares during the last quarter. Woodline Partners LP grew its position in Northrop Grumman by 367.7% during the 1st quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company's stock worth $1,288,000 after purchasing an additional 1,978 shares during the last quarter. Klingman & Associates LLC acquired a new position in Northrop Grumman in the second quarter valued at $203,000. Finally, St. Johns Investment Management Company LLC raised its holdings in shares of Northrop Grumman by 1.4% in the second quarter. St. Johns Investment Management Company LLC now owns 1,966 shares of the aerospace company's stock valued at $983,000 after buying an additional 28 shares during the last quarter. 83.40% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on NOC shares. Citigroup raised their target price on Northrop Grumman from $715.00 to $781.00 and gave the stock a "buy" rating in a research report on Wednesday, January 28th. Argus set a $785.00 price target on shares of Northrop Grumman in a research note on Tuesday, February 10th. Morgan Stanley reissued an "overweight" rating and set a $765.00 price objective on shares of Northrop Grumman in a report on Wednesday, January 28th. BTIG Research upped their target price 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, Vertical Research reaffirmed a "hold" rating and issued a $688.00 target price on shares of Northrop Grumman in a research report on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $693.60.
View Our Latest Report on Northrop Grumman
About Northrop Grumman
(
Get Free Report)
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.
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