Northrop Grumman Corporation $NOC Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its position in Northrop Grumman Corporation (NYSE:NOC) by 16.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,388 shares of the aerospace company’s stock after acquiring an additional 1,626 shares during the quarter. Jones Financial Companies Lllp’s holdings in Northrop Grumman were worth $6,774,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in NOC. Brighton Jones LLC increased its holdings in Northrop Grumman by 176.3% in the fourth quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock valued at $1,394,000 after buying an additional 1,895 shares during the last quarter. Bison Wealth LLC boosted its position in shares of Northrop Grumman by 5.3% during the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock worth $301,000 after acquiring an additional 32 shares in the last quarter. Woodline Partners LP increased its holdings in shares of Northrop Grumman by 367.7% in the 1st quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company’s stock valued at $1,288,000 after acquiring an additional 1,978 shares during the last quarter. DAVENPORT & Co LLC raised its position in shares of Northrop Grumman by 5.7% during the 2nd quarter. DAVENPORT & Co LLC now owns 4,676 shares of the aerospace company’s stock worth $2,338,000 after acquiring an additional 253 shares in the last quarter. Finally, Shell Asset Management Co. lifted its stake in Northrop Grumman by 24.1% during the second quarter. Shell Asset Management Co. now owns 3,937 shares of the aerospace company’s stock worth $1,968,000 after purchasing an additional 764 shares during the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Trading Up 0.9%

NYSE:NOC opened at $696.29 on Friday. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $709.39. The company has a current ratio of 1.10, a quick ratio of 1.01 and a debt-to-equity ratio of 0.91. The stock’s 50 day simple moving average is $609.74 and its 200-day simple moving average is $593.25. The firm has a market cap of $98.82 billion, a P/E ratio of 23.90, a PEG ratio of 5.12 and a beta of 0.04.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share for the quarter, beating analysts’ consensus estimates of $6.97 by $0.26. The firm had revenue of $11.71 billion for the quarter, compared to analyst estimates of $11.61 billion. Northrop Grumman had a net margin of 9.97% and a return on equity of 25.57%. Northrop Grumman’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the firm posted $6.39 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Equities analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Monday, December 1st were given a dividend of $2.31 per share. The ex-dividend date was Monday, December 1st. This represents a $9.24 annualized dividend and a yield of 1.3%. Northrop Grumman’s payout ratio is presently 31.72%.

Insider Buying and Selling

In other news, CEO Kathy J. Warden sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $600.00, for a total value of $4,200,000.00. Following the completion of the sale, the chief executive officer directly owned 194,602 shares of the company’s stock, valued at $116,761,200. This trade represents a 3.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Welsh III sold 97 shares of the company’s stock in a transaction 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 in the company, valued at $2,414,826.48. This represents a 2.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 10,192 shares of company stock valued at $6,164,745. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. UBS Group increased their price target on shares of Northrop Grumman from $777.00 to $778.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Alembic Global Advisors raised shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $662.00 price target for the company in a research report on Monday, December 15th. BTIG Research upped their price objective on shares of Northrop Grumman from $680.00 to $815.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. increased their price objective on Northrop Grumman from $575.00 to $640.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Northrop Grumman in a research report on Wednesday, December 24th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $688.79.

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.