Atria Investments Inc Sells 2,132 Shares of Northrop Grumman Corporation $NOC

Atria Investments Inc lowered its position in Northrop Grumman Corporation (NYSE:NOC) by 12.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,232 shares of the aerospace company’s stock after selling 2,132 shares during the period. Atria Investments Inc’s holdings in Northrop Grumman were worth $8,685,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Northrop Grumman by 1.5% during the 4th 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. Franklin Resources Inc. boosted its stake in Northrop Grumman by 2.2% during the third quarter. Franklin Resources Inc. now owns 2,996,284 shares of the aerospace company’s stock valued at $1,825,696,000 after buying an additional 63,223 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Northrop Grumman by 0.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,624,658 shares of the aerospace company’s stock worth $990,046,000 after acquiring an additional 4,844 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Northrop Grumman by 26.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,051,226 shares of the aerospace company’s stock worth $640,534,000 after acquiring an additional 221,431 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Northrop Grumman by 4.1% during the 3rd quarter. Legal & General Group Plc now owns 746,585 shares of the aerospace company’s stock worth $454,909,000 after acquiring an additional 29,478 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Trading Down 0.6%

Shares of NOC stock opened at $548.38 on Friday. The company has a market cap of $77.89 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 3.76 and a beta of -0.11. The stock has a 50 day simple moving average of $659.83 and a 200-day simple moving average of $634.25. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.04. Northrop Grumman Corporation has a 1-year low of $459.25 and a 1-year high of $774.00.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, April 21st. The aerospace company reported $6.14 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 analysts’ expectations of $9.75 billion. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, equities research analysts expect that Northrop Grumman Corporation will post 27.92 EPS for the current fiscal year.

Insider Activity

In related news, CAO Michael A. Hardesty sold 147 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $732.98, for a total transaction of $107,748.06. Following the transaction, the chief accounting officer directly owned 2,525 shares in the company, valued at approximately $1,850,774.50. The trade was a 5.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Benjamin R. Davies sold 2,189 shares of the stock in a transaction dated 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 sale, the vice president owned 151 shares of the company’s stock, valued at approximately $108,661.11. The trade was a 93.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NOC shares. Wells Fargo & Company started coverage on shares of Northrop Grumman in a report on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 target price on the stock. Susquehanna restated a “positive” rating and set a $752.00 price objective on shares of Northrop Grumman in a research report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $765.00 target price on shares of Northrop Grumman in a report on Thursday, January 29th. Wall Street Zen downgraded Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Argus set a $785.00 price objective on shares of Northrop Grumman in a research report on Tuesday, February 10th. Two 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $710.74.

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.