QRG Capital Management Inc. Has $2.40 Million Stock Holdings in Northrop Grumman Corporation $NOC

Key Points

• QRG Capital Management raised its Northrop Grumman stake 91.1% to 4,210 shares, valued at about $2.40 million at quarter-end.
• Northrop Grumman slightly beat Q results (EPS $6.14 vs. $6.06; revenue $9.88B vs. $9.75B) and set FY2026 guidance of 27.40–27.90 EPS, while analysts maintain a consensus “Moderate Buy” with an average price target of $710.74.
• Insiders recently sold shares (CAO sold 147 at ~$733; a VP sold 2,189 at ~$720), reducing insider holdings to 0.21% even as institutional investors hold about 83.4% of the stock.

QRG Capital Management Inc. raised its holdings in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 91.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,210 shares of the aerospace company's stock after acquiring an additional 2,007 shares during the quarter. QRG Capital Management Inc.'s holdings in Northrop Grumman were worth $2,401,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Torren Management LLC acquired a new stake in Northrop Grumman in the fourth quarter valued at approximately $26,000. Financial Life Planners acquired a new stake in Northrop Grumman in the third quarter valued at approximately $27,000. Physician Wealth Advisors Inc. increased its holdings in shares of Northrop Grumman by 200.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company's stock valued at $29,000 after acquiring an additional 32 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Northrop Grumman in the 4th quarter valued at approximately $29,000. Finally, Hopwood Financial Services Inc. bought a new position in shares of Northrop Grumman in the 3rd quarter valued at approximately $30,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Northrop Grumman

In other news, CAO Michael A. Hardesty sold 147 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $732.98, for a total value of $107,748.06. Following the completion of the transaction, the chief accounting officer owned 2,525 shares in the company, valued at approximately $1,850,774.50. This represents a 5.50% decrease in their position. The sale was disclosed in a 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 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 owned 151 shares of the company's stock, valued at approximately $108,661.11. This represents a 93.55% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NOC. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $765.00 price objective on shares of Northrop Grumman in a research note on Thursday, January 29th. Sanford C. Bernstein restated a "market perform" rating and issued a $727.00 price objective on shares of Northrop Grumman in a research note on Monday, January 12th. Bank of America boosted their price objective on shares of Northrop Grumman from $685.00 to $750.00 and gave the stock a "buy" rating in a research note on Wednesday, January 28th. Wells Fargo & Company started coverage on shares of Northrop Grumman in a research note on Wednesday, April 1st. They issued an "overweight" rating and a $800.00 price objective for the company. Finally, Truist Financial restated a "hold" rating and issued a $623.00 price objective (down from $688.00) on shares of Northrop Grumman in a research note on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $710.74.

Northrop Grumman Price Performance

NYSE:NOC opened at $551.08 on Friday. 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 one year low of $453.01 and a one year high of $774.00. The company has a fifty day moving average price of $678.13 and a 200 day moving average price of $636.03. The stock has a market cap of $78.27 billion, a P/E ratio of 17.25, a PEG ratio of 3.98 and a beta of -0.11.

Northrop Grumman (NYSE:NOC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.06 by $0.08. The company had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.75 billion. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The business's quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the business posted $6.06 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Analysts anticipate that Northrop Grumman Corporation will post 27.92 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Monday, February 23rd were given a $2.31 dividend. This represents a $9.24 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, February 23rd. Northrop Grumman's dividend payout ratio (DPR) is currently 28.92%.

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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