Northrop Grumman Corporation $NOC Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its holdings in Northrop Grumman Corporation (NYSE:NOC) by 3.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,703 shares of the aerospace company’s stock after selling 2,164 shares during the period. The Manufacturers Life Insurance Company’s holdings in Northrop Grumman were worth $34,482,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Kestra Investment Management LLC grew its stake in Northrop Grumman by 4.4% during the 4th quarter. Kestra Investment Management LLC now owns 353 shares of the aerospace company’s stock valued at $201,000 after acquiring an additional 15 shares in the last quarter. Evolution Wealth Management Inc. lifted its stake in Northrop Grumman by 6.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 235 shares of the aerospace company’s stock worth $134,000 after purchasing an additional 15 shares in the last quarter. Diversified Portfolios Inc. boosted its holdings in shares of Northrop Grumman by 0.9% during the 4th quarter. Diversified Portfolios Inc. now owns 1,789 shares of the aerospace company’s stock worth $1,020,000 after purchasing an additional 16 shares during the last quarter. South Plains Financial Inc. boosted its holdings in shares of Northrop Grumman by 1.8% during the 4th quarter. South Plains Financial Inc. now owns 896 shares of the aerospace company’s stock worth $511,000 after purchasing an additional 16 shares during the last quarter. Finally, Tobias Financial Advisors Inc. grew its position in shares of Northrop Grumman by 4.7% in the fourth quarter. Tobias Financial Advisors Inc. now owns 379 shares of the aerospace company’s stock valued at $216,000 after purchasing an additional 17 shares in the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Northrop Grumman

In related news, Director Mark A. Welsh III sold 95 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $547.53, for a total transaction of $52,015.35. Following the completion of the transaction, the director owned 4,393 shares of the company’s stock, valued at approximately $2,405,299.29. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

Trending Headlines about Northrop Grumman

Here are the key news stories impacting Northrop Grumman this week:

• Positive Sentiment: Northrop Grumman expects to win a “decent share” of the potentially massive Golden Dome missile-defense program. CEO Kathy Warden’s comments reinforce the company’s positioning in space-based defense, although contracts and award values have not yet been finalized. Northrop Grumman expects decent share of Golden Dome missile defense
• Positive Sentiment: The company is expanding its international defense business as allied nations increase military spending. International sales are rising, and management is targeting approximately $10 billion in annual international revenue by 2031, suggesting a potential long-term growth avenue beyond U.S. government demand. Is Northrop Grumman Expanding Its International Defense Business?
• Positive Sentiment: Management says Northrop is operating on a “wartime footing,” while geopolitical tensions and active conflicts are driving a global defense-spending boom. That backdrop could support demand for the company’s missile, space and other defense platforms. Northrop Grumman Is on a Wartime Footing, CEO Says
• Neutral Sentiment: Northrop Grumman maintained its quarterly dividend at $2.47 per share, payable September 16 to shareholders of record August 31. The steady payout supports income-focused investors, but the absence of a new increase provides little incremental catalyst. NOC Steady at $2.47: A Closer Look at Northrop Grumman Corporation’s Dividend Discipline
• Neutral Sentiment: A $1.55 billion U.S. rare-earth initiative could benefit defense contractors by strengthening strategic-material supply chains, but the direct financial effect on Northrop Grumman remains unclear. Why Trump’s $1.55 billion rare earth move matters for Northrop Grumman

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Jefferies Financial Group reduced their price objective on Northrop Grumman from $620.00 to $580.00 and set a “hold” rating on the stock in a research report on Friday, June 26th. Morgan Stanley set a $745.00 target price on Northrop Grumman in a research note on Wednesday, July 15th. Robert W. Baird set a $500.00 price target on Northrop Grumman in a report on Wednesday, July 22nd. Susquehanna lowered their price target on shares of Northrop Grumman from $785.00 to $655.00 and set a “positive” rating on the stock in a research report on Wednesday, July 22nd. Finally, TD Cowen upped their price objective on shares of Northrop Grumman from $550.00 to $590.00 and gave the company a “hold” rating in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $661.30.

Northrop Grumman Stock Performance

Shares of Northrop Grumman stock opened at $550.61 on Thursday. The firm has a market cap of $78.20 billion, a PE ratio of 17.49, a price-to-earnings-growth ratio of 3.51 and a beta of -0.11. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. Northrop Grumman Corporation has a 52 week low of $479.02 and a 52 week high of $774.00. The business’s fifty day simple moving average is $541.40 and its 200-day simple moving average is $606.36.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.82 by $0.86. The firm had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.80 billion. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the company earned $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Equities analysts forecast that Northrop Grumman Corporation will post 28.97 earnings per share for the current year.

Northrop Grumman Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Monday, August 31st will be given a dividend of $2.47 per share. The ex-dividend date is Monday, August 31st. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.8%. Northrop Grumman’s dividend payout ratio (DPR) is currently 31.39%.

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.