Chevy Chase Trust Holdings LLC Sells 2,809 Shares of Northrop Grumman Corporation $NOC

Key Points

• Chevy Chase Trust trimmed its stake in Northrop Grumman by 3.9% in Q3, selling 2,809 shares and leaving it with 68,833 shares worth about $41.94 million.
• Northrop beat expectations with Q results of $7.23 EPS (vs. $6.97 est.) and $11.71B revenue (+9.6% YoY) and set FY2026 guidance of $27.40–$27.90 EPS (analysts expect ~28.05).
• The stock trades near its 52‑week high (~$734), pays a $2.31 quarterly dividend (1.3% yield), and has seen ~32,431 insider shares sold (~$22M) in the last 90 days while analysts hold a consensus "Moderate Buy" rating (avg. target $693.60).

Chevy Chase Trust Holdings LLC trimmed its holdings in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,833 shares of the aerospace company's stock after selling 2,809 shares during the quarter. Chevy Chase Trust Holdings LLC's holdings in Northrop Grumman were worth $41,941,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NOC. Parvin Asset Management LLC bought a new stake in Northrop Grumman during the second quarter worth approximately $25,000. Financial Life Planners purchased a new stake in Northrop Grumman during the third quarter valued at approximately $27,000. Physician Wealth Advisors Inc. lifted its stake in shares of Northrop Grumman by 200.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company's stock valued at $29,000 after purchasing an additional 32 shares during the last quarter. Hopwood Financial Services Inc. bought a new stake in shares of Northrop Grumman in the 3rd quarter valued at approximately $30,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Northrop Grumman in the 2nd quarter worth approximately $31,000. Institutional investors own 83.40% of the company's stock.

Northrop Grumman Trading Down 0.3%

Shares of NYSE NOC opened at $733.88 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.01 and a current ratio of 1.10. The business's 50 day moving average price is $691.50 and its 200-day moving average price is $619.81. Northrop Grumman Corporation has a fifty-two week low of $450.13 and a fifty-two week high of $774.00. The company has a market cap of $104.15 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 5.45 and a beta of 0.03.

Northrop Grumman (NYSE:NOC - Get Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $11.61 billion. During the same period last year, the company earned $6.39 EPS. Northrop Grumman's quarterly revenue was up 9.6% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, sell-side analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Monday, February 23rd were given a dividend of $2.31 per share. This represents a $9.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, February 23rd. Northrop Grumman's dividend payout ratio (DPR) is 31.72%.

Insider Activity at Northrop Grumman

In related news, CAO Michael A. Hardesty sold 147 shares of the firm's stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $732.98, for a total value of $107,748.06. Following the transaction, the chief accounting officer owned 2,525 shares of the company's stock, valued at $1,850,774.50. This trade represents a 5.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $684.52, for a total transaction of $65,029.40. Following the sale, the director owned 4,203 shares of the company's stock, valued at $2,877,037.56. The trade was a 2.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 32,431 shares of company stock valued at $21,969,404 over the last ninety days. Company insiders own 0.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NOC. BTIG Research boosted their target price on Northrop Grumman from $680.00 to $815.00 and gave the company a "buy" rating in a research report on Wednesday, January 28th. Jefferies Financial Group raised their price target on Northrop Grumman from $630.00 to $690.00 and gave the stock a "hold" rating in a research report on Sunday, February 1st. Alembic Global Advisors raised shares of Northrop Grumman from a "neutral" rating to an "overweight" rating and set a $662.00 price objective for the company in a research note on Monday, December 15th. Royal Bank Of Canada boosted their price objective on shares of Northrop Grumman from $715.00 to $750.00 and gave the company an "outperform" rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Northrop Grumman in a research note on Wednesday, December 24th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Northrop Grumman has a consensus rating of "Moderate Buy" and a consensus target price of $693.60.

Northrop Grumman Company 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.

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