SteelPeak Wealth LLC Grows Holdings in Northrop Grumman Corporation $NOC

SteelPeak Wealth LLC lifted its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 59.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,521 shares of the aerospace company’s stock after buying an additional 1,681 shares during the quarter. SteelPeak Wealth LLC’s holdings in Northrop Grumman were worth $2,578,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC grew its stake in shares of Northrop Grumman by 176.3% during the 4th 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 period. Bison Wealth LLC grew its position in Northrop Grumman by 5.3% in the fourth quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock valued at $301,000 after acquiring an additional 32 shares in the last quarter. Woodline Partners LP lifted its holdings in Northrop Grumman by 367.7% in the 1st quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company’s stock worth $1,288,000 after buying an additional 1,978 shares in the last quarter. American Century Companies Inc. increased its position in shares of Northrop Grumman by 26.5% during the second quarter. American Century Companies Inc. now owns 12,624 shares of the aerospace company’s stock worth $6,312,000 after acquiring an additional 2,644 shares during the last quarter. Finally, Schroder Investment Management Group increased its holdings in Northrop Grumman by 1.0% during the 2nd quarter. Schroder Investment Management Group now owns 8,297 shares of the aerospace company’s stock worth $4,148,000 after purchasing an additional 80 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Michael A. Hardesty sold 147 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $732.98, for a total transaction of $107,748.06. Following the transaction, the chief accounting officer directly owned 2,525 shares in the company, valued at approximately $1,850,774.50. This represents a 5.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Welsh III sold 95 shares of the business’s stock in a transaction that occurred 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 sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In 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 company insiders.

Northrop Grumman Stock Up 0.2%

Shares of NOC stock opened at $703.88 on Friday. The company has a market capitalization of $99.89 billion, a price-to-earnings ratio of 24.16, a PEG 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 Corporation has a twelve month low of $450.13 and a twelve month high of $774.00. The stock’s 50 day simple moving average is $709.88 and its 200 day simple moving average is $631.86.

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

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Monday, February 23rd were paid a dividend of $2.31 per share. This represents a $9.24 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, February 23rd. Northrop Grumman’s dividend payout ratio is currently 31.72%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NOC. Susquehanna restated a “positive” rating and issued a $752.00 target price on shares of Northrop Grumman in a research note on Thursday, January 15th. Truist Financial reaffirmed a “hold” rating and issued a $623.00 price objective (down from $688.00) on shares of Northrop Grumman in a report on Friday, January 9th. Alembic Global Advisors raised Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $662.00 target price on the stock in a research note on Monday, December 15th. Citigroup upped their price target on shares of Northrop Grumman from $781.00 to $807.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Wall Street Zen raised Northrop Grumman from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $708.65.

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.