GC Wealth Management RIA LLC Cuts Stock Holdings in Northrop Grumman Corporation $NOC

GC Wealth Management RIA LLC decreased its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 50.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,280 shares of the aerospace company’s stock after selling 1,278 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Northrop Grumman were worth $730,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Holocene Advisors LP bought a new stake in Northrop Grumman in the third quarter valued at approximately $137,280,000. Bank of New York Mellon Corp lifted its position in Northrop Grumman by 26.7% in the third quarter. Bank of New York Mellon Corp now owns 1,051,226 shares of the aerospace company’s stock valued at $640,534,000 after purchasing an additional 221,431 shares during the last quarter. Vanguard Group Inc. lifted its position in Northrop Grumman by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock valued at $7,835,097,000 after purchasing an additional 209,135 shares during the last quarter. M&T Bank Corp lifted its position in Northrop Grumman by 1,086.5% in the fourth quarter. M&T Bank Corp now owns 192,583 shares of the aerospace company’s stock valued at $109,813,000 after purchasing an additional 176,352 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in Northrop Grumman by 7,202.7% in the fourth quarter. SG Americas Securities LLC now owns 167,232 shares of the aerospace company’s stock valued at $95,357,000 after purchasing an additional 164,942 shares during the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Price Performance

NOC opened at $580.46 on Friday. The stock has a fifty day simple moving average of $688.29 and a two-hundred day simple moving average of $636.77. The company has a current ratio of 1.15, a quick ratio of 1.04 and a debt-to-equity ratio of 0.84. The company has a market cap of $82.44 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 4.08 and a beta of 0.04. Northrop Grumman Corporation has a 12-month low of $453.01 and a 12-month high of $774.00.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.06 by $0.08. The business had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.75 billion. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Research analysts predict that Northrop Grumman Corporation will post 27.86 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Monday, February 23rd were issued a $2.31 dividend. The ex-dividend date was Monday, February 23rd. This represents a $9.24 dividend on an annualized basis and a yield of 1.6%. Northrop Grumman’s dividend payout ratio is 28.92%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Bank of America boosted their price objective on Northrop Grumman from $685.00 to $750.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Citigroup lowered their price objective on Northrop Grumman from $807.00 to $742.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Northrop Grumman in a report on Monday, March 23rd. Susquehanna restated a “positive” rating and set a $752.00 target price on shares of Northrop Grumman in a report on Thursday, January 15th. Finally, Wells Fargo & Company initiated coverage on Northrop Grumman in a report on Wednesday, April 1st. They set an “overweight” rating and a $800.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Northrop Grumman currently has an average rating of “Moderate Buy” and a consensus target price of $710.74.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, CAO Michael A. Hardesty sold 147 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $732.98, for a total value of $107,748.06. Following the completion of the transaction, the chief accounting officer owned 2,525 shares in the company, valued at approximately $1,850,774.50. This represents a 5.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Welsh III sold 95 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $684.52, for a total value of $65,029.40. Following the completion of the transaction, the director owned 4,203 shares of the company’s stock, valued at approximately $2,877,037.56. This trade represents a 2.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 22,431 shares of company stock worth $15,924,404 in the last ninety days. 0.21% of the stock is owned by company insiders.

About Northrop Grumman

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.