Daymark Wealth Partners LLC Trims Holdings in Northrop Grumman Corporation $NOC

Daymark Wealth Partners LLC lowered its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 7.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,215 shares of the aerospace company’s stock after selling 749 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Northrop Grumman were worth $5,255,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Financial Life Planners bought a new position in Northrop Grumman during the 3rd quarter valued at $27,000. Physician Wealth Advisors Inc. increased its position 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 worth $29,000 after purchasing an additional 32 shares during the last quarter. Parvin Asset Management LLC acquired a new stake in shares of Northrop Grumman in the 2nd quarter valued at about $25,000. Hopwood Financial Services Inc. acquired a new stake in shares of Northrop Grumman in the 3rd quarter valued at about $30,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in shares of Northrop Grumman during the third quarter worth about $32,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Bank of America lifted their price target on Northrop Grumman from $685.00 to $750.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Argus set a $785.00 target price on Northrop Grumman in a report on Tuesday, February 10th. Citigroup lifted their target price on Northrop Grumman from $715.00 to $781.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $727.00 price target on shares of Northrop Grumman in a report on Monday, January 12th. Finally, Jefferies Financial Group upped their price target on Northrop Grumman from $630.00 to $690.00 and gave the company a “hold” rating in a research report on Sunday, February 1st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine 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 target price of $693.60.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $684.52, for a total transaction of $65,029.40. Following the completion of the transaction, the director directly owned 4,203 shares of the company’s stock, valued at approximately $2,877,037.56. This trade represents a 2.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Michael A. Hardesty sold 147 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $732.98, for a total value of $107,748.06. Following the completion of the sale, the chief accounting officer directly owned 2,525 shares in the company, valued at $1,850,774.50. This represents a 5.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 32,431 shares of company stock worth $21,969,404 in the last three months. 0.23% of the stock is currently owned by company insiders.

Northrop Grumman Stock Performance

NOC stock opened at $681.67 on Wednesday. The company has a 50-day simple moving average of $705.58 and a 200 day simple moving average of $625.92. The company has a market capitalization of $96.74 billion, a P/E ratio of 23.40, a PEG ratio of 5.05 and a beta of 0.03. The company has a quick ratio of 1.01, a current ratio of 1.10 and a debt-to-equity ratio of 0.91. Northrop Grumman Corporation has a fifty-two week low of $450.13 and a fifty-two week high of $774.00.

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

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Monday, February 23rd were paid a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, February 23rd. Northrop Grumman’s dividend payout ratio (DPR) is currently 31.72%.

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.