Factory Mutual Insurance Co. Has $25.66 Million Holdings in Northrop Grumman Corporation $NOC

Factory Mutual Insurance Co. cut its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 2.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 45,000 shares of the aerospace company’s stock after selling 1,300 shares during the quarter. Factory Mutual Insurance Co.’s holdings in Northrop Grumman were worth $25,659,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Focused Investors LLC increased its holdings in Northrop Grumman by 4.1% in the third quarter. Focused Investors LLC now owns 211,800 shares of the aerospace company’s stock valued at $129,054,000 after purchasing an additional 8,300 shares during the period. Merit Financial Group LLC increased its holdings in Northrop Grumman by 74.5% in the third quarter. Merit Financial Group LLC now owns 11,060 shares of the aerospace company’s stock valued at $6,739,000 after purchasing an additional 4,721 shares during the period. Huntleigh Advisors Inc. acquired a new stake in Northrop Grumman in the third quarter valued at $2,818,000. Oak Thistle LLC acquired a new stake in Northrop Grumman in the third quarter valued at $1,015,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in Northrop Grumman by 4.1% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 81,747 shares of the aerospace company’s stock valued at $49,810,000 after purchasing an additional 3,215 shares during the period. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NOC has been the subject of a number of recent research reports. Bank of America increased their price objective on Northrop Grumman from $685.00 to $750.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Morgan Stanley restated an “overweight” rating and issued a $765.00 price objective on shares of Northrop Grumman in a report on Wednesday, January 28th. Weiss Ratings restated a “buy (b)” rating on shares of Northrop Grumman in a report on Monday, March 23rd. TD Cowen restated a “hold” rating on shares of Northrop Grumman in a report on Wednesday, January 28th. Finally, Argus set a $785.00 price objective on Northrop Grumman in a report on Tuesday, February 10th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $719.58.

Northrop Grumman Stock Performance

Shares of Northrop Grumman stock opened at $674.43 on Friday. 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 business has a 50-day moving average price of $710.39 and a two-hundred day moving average price of $635.39. Northrop Grumman Corporation has a 1-year low of $450.13 and a 1-year high of $774.00. The company has a market cap of $95.79 billion, a P/E ratio of 23.15, a PEG ratio of 5.12 and a beta of 0.04.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share for the quarter, topping analysts’ consensus estimates of $6.97 by $0.26. Northrop Grumman had a return on equity of 25.57% and a net margin of 9.97%.The firm had revenue of $11.71 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period last year, the business posted $6.39 EPS. The business’s 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. As a group, analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders 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 1.4%. The ex-dividend date was Monday, February 23rd. Northrop Grumman’s dividend payout ratio (DPR) is presently 31.72%.

Insiders Place Their Bets

In other Northrop Grumman news, VP Benjamin R. Davies sold 2,189 shares of the stock in a transaction dated Wednesday, February 18th. The stock was 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 legal filing with the SEC, which is accessible through this link. Also, CEO Kathy J. Warden sold 20,000 shares of the stock in a transaction dated 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 sale, the chief executive officer 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 22,431 shares of company stock valued at $15,924,404. 0.23% of the stock is currently 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.