Perigon Wealth Management LLC Increases Stock Position in Northrop Grumman Corporation $NOC

Perigon Wealth Management LLC boosted its holdings in Northrop Grumman Corporation (NYSE:NOC) by 65.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,706 shares of the aerospace company’s stock after buying an additional 1,864 shares during the period. Perigon Wealth Management LLC’s holdings in Northrop Grumman were worth $2,683,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sharp Wealth Advisory LLC bought a new stake in shares of Northrop Grumman during the 4th quarter valued at $248,000. Aberdeen Group plc boosted its stake in Northrop Grumman by 12.6% in the 4th quarter. Aberdeen Group plc now owns 13,681 shares of the aerospace company’s stock worth $7,801,000 after purchasing an additional 1,528 shares during the period. Dorato Capital Management bought a new position in Northrop Grumman in the 4th quarter worth about $744,000. Trust Co. of Vermont grew its holdings in Northrop Grumman by 2.1% during the 4th quarter. Trust Co. of Vermont now owns 1,111 shares of the aerospace company’s stock valued at $634,000 after buying an additional 23 shares in the last quarter. Finally, Banque Pictet & Cie SA purchased a new position in Northrop Grumman during the 4th quarter valued at about $255,000. Institutional investors own 83.40% of the company’s stock.

Analysts Set New Price Targets

NOC has been the topic of a number of recent analyst reports. Wells Fargo & Company started coverage on shares of Northrop Grumman in a report on Wednesday. They issued an “overweight” rating and a $800.00 price target on the stock. Vertical Research reaffirmed a “hold” rating and set a $688.00 target price on shares of Northrop Grumman in a report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $765.00 target price on shares of Northrop Grumman in a research note on Thursday, January 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Northrop Grumman in a report on Monday, March 23rd. Finally, Alembic Global Advisors upgraded 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. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $708.65.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, CEO Kathy J. Warden sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $708.82, for a total value of $14,176,400.00. Following the completion of the sale, the chief executive officer owned 171,602 shares of the company’s stock, valued at $121,634,929.64. This represents a 10.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Welsh III sold 95 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $684.52, for a total transaction of $65,029.40. Following the transaction, the director owned 4,203 shares in the company, valued at $2,877,037.56. The trade was a 2.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 32,431 shares of company stock worth $21,969,404. 0.23% of the stock is owned by corporate insiders.

Northrop Grumman Stock Performance

NYSE NOC opened at $703.88 on Friday. Northrop Grumman Corporation has a 52-week low of $450.13 and a 52-week high of $774.00. The company has a fifty day moving average of $709.88 and a 200-day moving average of $631.86. The company has a market capitalization of $99.89 billion, a P/E ratio of 24.16, a P/E/G ratio of 5.21 and a beta of 0.04. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.01 and a current ratio of 1.10.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, January 27th. The aerospace company reported $7.23 EPS for the quarter, beating 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 business had revenue of $11.71 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same quarter in the prior year, the firm earned $6.39 earnings per share. The firm’s 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. As a group, equities research analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Monday, February 23rd. This represents a $9.24 annualized dividend and a dividend yield of 1.3%. Northrop Grumman’s dividend payout ratio is 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.