5,073 Shares in Northrop Grumman Corporation $NOC Bought by GWN Securities Inc.

GWN Securities Inc. acquired a new position in shares of Northrop Grumman Corporation (NYSE:NOC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,073 shares of the aerospace company’s stock, valued at approximately $3,151,000.

Several other hedge funds have also recently bought and sold shares of the company. Retirement Planning Group LLC bought a new stake in shares of Northrop Grumman during the 3rd quarter worth approximately $812,000. Exencial Wealth Advisors LLC raised its position in Northrop Grumman by 0.8% during the third quarter. Exencial Wealth Advisors LLC now owns 4,802 shares of the aerospace company’s stock valued at $2,926,000 after purchasing an additional 39 shares in the last quarter. Klingman & Associates LLC lifted its stake in Northrop Grumman by 4.9% during the third quarter. Klingman & Associates LLC now owns 426 shares of the aerospace company’s stock worth $260,000 after purchasing an additional 20 shares during the last quarter. Liberty One Investment Management LLC bought a new stake in Northrop Grumman during the third quarter worth $60,076,000. Finally, First United Bank & Trust boosted its holdings in shares of Northrop Grumman by 18.0% in the 3rd quarter. First United Bank & Trust now owns 918 shares of the aerospace company’s stock valued at $559,000 after purchasing an additional 140 shares in the last quarter. 83.40% of the stock is owned by institutional investors.

Insider Transactions at Northrop Grumman

In related news, Director Mark A. Welsh III sold 97 shares of Northrop Grumman stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $564.08, for a total value of $54,715.76. Following the transaction, the director directly owned 4,281 shares of the company’s stock, valued at $2,414,826.48. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kathy J. Warden sold 3,000 shares of the stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $615.00, for a total transaction of $1,845,000.00. Following the sale, the chief executive officer directly owned 191,602 shares of the company’s stock, valued at $117,835,230. This represents a 1.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 10,097 shares of company stock worth $6,099,716 in the last quarter. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

NOC has been the subject of several recent analyst reports. BNP Paribas Exane assumed coverage on Northrop Grumman in a research report on Tuesday, November 18th. They set an “outperform” rating and a $710.00 price objective for the company. BTIG Research boosted their target price on Northrop Grumman from $630.00 to $680.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft set a $700.00 price target on shares of Northrop Grumman and gave the company a “buy” rating in a research note on Wednesday, October 8th. Susquehanna upped their price objective on shares of Northrop Grumman from $650.00 to $690.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Northrop Grumman presently has an average rating of “Moderate Buy” and an average price target of $652.76.

Northrop Grumman Stock Down 0.7%

Shares of NYSE NOC opened at $625.23 on Wednesday. The company has a 50 day simple moving average of $572.14 and a 200 day simple moving average of $574.60. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 0.98. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $640.90. The firm has a market cap of $89.23 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 5.11 and a beta of 0.05.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.43 by $1.24. The firm had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.68 billion. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The company’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $7.00 EPS. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, research analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, December 1st were given a dividend of $2.31 per share. This represents a $9.24 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, December 1st. Northrop Grumman’s dividend payout ratio (DPR) is currently 33.24%.

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.