Factory Mutual Insurance Co. Sells 1,300 Shares of Northrop Grumman Corporation $NOC

Factory Mutual Insurance Co. reduced its stake in Northrop Grumman Corporation (NYSE:NOC) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,000 shares of the aerospace company’s stock after selling 1,300 shares during the period. Factory Mutual Insurance Co.’s holdings in Northrop Grumman were worth $25,659,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Financial Life Planners bought a new stake in shares of Northrop Grumman in the third quarter valued at approximately $27,000. Physician Wealth Advisors Inc. boosted its stake in shares of Northrop Grumman by 200.0% in the third quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock valued at $29,000 after buying an additional 32 shares during the period. Parvin Asset Management LLC bought a new stake in shares of Northrop Grumman in the second quarter valued at approximately $25,000. Hopwood Financial Services Inc. bought a new stake in shares of Northrop Grumman in the third quarter valued at approximately $30,000. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in shares of Northrop Grumman in the third quarter valued at approximately $32,000. 83.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NOC. Morgan Stanley reiterated an “overweight” rating and issued a $765.00 price target on shares of Northrop Grumman in a research note on Wednesday, January 28th. Truist Financial reiterated a “hold” rating and issued a $623.00 price target (down from $688.00) on shares of Northrop Grumman in a research note on Friday, January 9th. Citigroup boosted their price target on Northrop Grumman from $781.00 to $807.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. UBS Group boosted their price target on Northrop Grumman from $777.00 to $778.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, Wells Fargo & Company began coverage on Northrop Grumman in a research note on Wednesday, April 1st. They set an “overweight” rating and a $800.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $719.58.

Northrop Grumman Stock Down 2.3%

NYSE NOC opened at $674.43 on Friday. The business has a fifty day moving average price of $710.39 and a two-hundred day moving average price of $635.39. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.10 and a quick ratio of 1.01. Northrop Grumman Corporation has a fifty-two week low of $450.13 and a fifty-two week high of $774.00. The stock has a market capitalization of $95.79 billion, a PE ratio of 23.15, a PEG ratio of 5.12 and a beta of 0.04.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $11.61 billion. During the same period in the prior year, the company earned $6.39 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Equities analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Monday, February 23rd were paid a dividend of $2.31 per share. The ex-dividend date was Monday, February 23rd. This represents a $9.24 annualized dividend and a yield of 1.4%. Northrop Grumman’s dividend payout ratio is presently 31.72%.

Insiders Place Their Bets

In other news, VP Benjamin R. Davies sold 2,189 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $719.61, for a total transaction of $1,575,226.29. Following the completion of the transaction, the vice president directly owned 151 shares in the company, valued at approximately $108,661.11. This represents a 93.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kathy J. Warden sold 20,000 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $708.82, for a total transaction of $14,176,400.00. Following the transaction, the chief executive officer owned 171,602 shares of the company’s stock, valued at $121,634,929.64. This trade represents a 10.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 22,431 shares of company stock valued at $15,924,404 over the last ninety days. Company insiders own 0.23% of the company’s stock.

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.