Savant Capital LLC Sells 3,907 Shares of Northrop Grumman Corporation $NOC

Savant Capital LLC lowered its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 37.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,639 shares of the aerospace company’s stock after selling 3,907 shares during the period. Savant Capital LLC’s holdings in Northrop Grumman were worth $3,786,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Intech Investment Management LLC grew its holdings in shares of Northrop Grumman by 107.0% during the 4th quarter. Intech Investment Management LLC now owns 37,092 shares of the aerospace company’s stock valued at $21,150,000 after purchasing an additional 19,177 shares during the last quarter. CFS Investment Advisory Services LLC grew its holdings in shares of Northrop Grumman by 13.6% during the 4th quarter. CFS Investment Advisory Services LLC now owns 558 shares of the aerospace company’s stock valued at $318,000 after purchasing an additional 67 shares during the last quarter. Constant Guidance Financial LLC bought a new position in shares of Northrop Grumman during the 4th quarter valued at $288,000. Foundations Investment Advisors LLC grew its holdings in shares of Northrop Grumman by 5.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 2,222 shares of the aerospace company’s stock valued at $1,267,000 after purchasing an additional 120 shares during the last quarter. Finally, Connecticut Capital Management Group LLC bought a new position in shares of Northrop Grumman during the 4th quarter valued at $348,000. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Trading Up 0.6%

Shares of NOC opened at $562.67 on Friday. The stock has a market capitalization of $79.92 billion, a P/E ratio of 17.61, a PEG ratio of 3.84 and a beta of -0.11. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. The firm has a fifty day simple moving average of $619.26 and a two-hundred day simple moving average of $631.86. Northrop Grumman Corporation has a twelve month low of $468.50 and a twelve month high of $774.00.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Tuesday, April 21st. The aerospace company reported $6.14 EPS for the quarter, topping the consensus estimate of $6.06 by $0.08. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The firm had revenue of $9.88 billion during the quarter, compared to analysts’ expectations of $9.75 billion. During the same period last year, the company posted $6.06 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, research analysts anticipate that Northrop Grumman Corporation will post 27.93 EPS for the current year.

Northrop Grumman Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st will be given a $2.47 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $9.88 annualized dividend and a dividend yield of 1.8%. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s dividend payout ratio is 28.92%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NOC. Argus set a $785.00 price target on shares of Northrop Grumman in a research report on Tuesday, February 10th. Wall Street Zen cut shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research report on Saturday, April 25th. BTIG Research reissued a “buy” rating and set a $815.00 price target on shares of Northrop Grumman in a research report on Wednesday, April 22nd. Wells Fargo & Company began coverage on shares of Northrop Grumman in a research report on Wednesday, April 1st. They set an “overweight” rating and a $800.00 price target for the company. Finally, Jefferies Financial Group dropped their price target on shares of Northrop Grumman from $660.00 to $620.00 and set a “buy” rating for the company in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $702.63.

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.