Private Capital Advisors Inc. Trims Stock Position in Northrop Grumman Corporation $NOC

by · The Cerbat Gem

Private Capital Advisors Inc. cut its stake in shares of Northrop Grumman Corporation (NYSE:NOC – Free Report) by 11.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,418 shares of the aerospace company’s stock after selling 2,717 shares during the quarter. Northrop Grumman makes up approximately 1.2% of Private Capital Advisors Inc.’s holdings, making the stock its 19th biggest holding. Private Capital Advisors Inc.’s holdings in Northrop Grumman were worth $11,643,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Prospera Financial Services Inc increased its position in shares of Northrop Grumman by 3.2% during the fourth quarter. Prospera Financial Services Inc now owns 9,811 shares of the aerospace company’s stock worth $5,597,000 after acquiring an additional 302 shares during the period. Life Cycle Investment Partners Ltd purchased a new position in shares of Northrop Grumman during the fourth quarter worth approximately $47,097,000. Jefferies Financial Group Inc. increased its position in shares of Northrop Grumman by 15.2% during the fourth quarter. Jefferies Financial Group Inc. now owns 4,147 shares of the aerospace company’s stock worth $2,365,000 after acquiring an additional 546 shares during the period. Associated Banc Corp increased its position in shares of Northrop Grumman by 0.9% during the fourth quarter. Associated Banc Corp now owns 39,990 shares of the aerospace company’s stock worth $22,803,000 after acquiring an additional 371 shares during the period. Finally, Advisory Alpha LLC increased its position in shares of Northrop Grumman by 7.5% during the fourth quarter. Advisory Alpha LLC now owns 876 shares of the aerospace company’s stock worth $500,000 after acquiring an additional 61 shares during the period. 83.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NOC shares. Vertical Research reiterated a “hold” rating and set a $688.00 price objective on shares of Northrop Grumman in a research note on Tuesday, January 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Northrop Grumman in a research note on Monday, March 23rd. Jefferies Financial Group set a $660.00 price objective on shares of Northrop Grumman in a research note on Sunday, April 26th. Wall Street Zen downgraded shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, TD Cowen reiterated a “hold” rating on shares of Northrop Grumman in a research note on Wednesday, January 28th. Two research 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 company. According to MarketBeat, Northrop Grumman presently has a consensus rating of “Moderate Buy” and a consensus price target of $704.74.

View Our Latest Stock Report on Northrop Grumman

Northrop Grumman Price Performance

Shares of NOC opened at $556.01 on Friday. The company has a market cap of $78.97 billion, a price-to-earnings ratio of 17.40, a price-to-earnings-growth ratio of 3.79 and a beta of -0.11. Northrop Grumman Corporation has a twelve month low of $468.29 and a twelve month high of $774.00. 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 company has a 50 day moving average of $636.59 and a two-hundred day moving average of $632.39.

Northrop Grumman (NYSE:NOC – Get Free Report) last announced its earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share for the quarter, beating the consensus estimate of $6.06 by $0.08. The company had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.75 billion. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. Northrop Grumman’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, analysts predict that Northrop Grumman Corporation will post 27.93 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

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

About Northrop Grumman

(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.

Featured Stories