Concurrent Investment Advisors LLC Raises Stock Holdings in Northrop Grumman Corporation $NOC

Concurrent Investment Advisors LLC lifted its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 40.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,401 shares of the aerospace company’s stock after purchasing an additional 981 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Northrop Grumman were worth $1,939,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of NOC. Brighton Jones LLC grew its holdings in shares of Northrop Grumman by 176.3% during the fourth quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock worth $1,394,000 after purchasing an additional 1,895 shares in the last quarter. Bison Wealth LLC grew its holdings in shares of Northrop Grumman by 5.3% during the fourth quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock worth $301,000 after purchasing an additional 32 shares in the last quarter. Woodline Partners LP boosted its stake in Northrop Grumman by 367.7% in the first 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. AXA S.A. boosted its stake in Northrop Grumman by 1,487.8% in the second quarter. AXA S.A. now owns 16,338 shares of the aerospace company’s stock worth $8,169,000 after buying an additional 15,309 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in Northrop Grumman by 6.7% in the second quarter. NewEdge Advisors LLC now owns 8,865 shares of the aerospace company’s stock worth $4,432,000 after buying an additional 553 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Insiders Place Their Bets

In other Northrop Grumman news, CAO Michael A. Hardesty sold 147 shares of the 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 transaction, the chief accounting officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kathy J. Warden sold 20,000 shares of the stock in a transaction 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 transaction, the chief executive officer owned 171,602 shares of the company’s stock, valued at approximately $121,634,929.64. This trade represents a 10.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 22,431 shares of company stock worth $15,924,404. Insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $765.00 target price on shares of Northrop Grumman in a research note on Thursday, January 29th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $727.00 target price on shares of Northrop Grumman in a research note on Monday, January 12th. Morgan Stanley cut their target price on Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. BTIG Research reaffirmed a “buy” rating and issued a $815.00 target price on shares of Northrop Grumman in a research note on Wednesday, April 22nd. Finally, Jefferies Financial Group set a $660.00 price objective on Northrop Grumman in a research report on Sunday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Northrop Grumman has an average rating of “Moderate Buy” and an average price target of $710.74.

Northrop Grumman Stock Performance

Shares of NOC stock opened at $577.37 on Wednesday. The stock has a fifty day moving average of $694.45 and a 200 day moving average of $637.62. Northrop Grumman Corporation has a 52 week low of $453.01 and a 52 week high of $774.00. The firm has a market capitalization of $82.00 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 4.10 and a beta of 0.04. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 0.84.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Tuesday, April 21st. The aerospace company reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $6.06 by $0.08. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The company had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.75 billion. During the same quarter last year, the firm posted $6.06 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, research analysts expect that Northrop Grumman Corporation will post 27.86 earnings per share for the current year.

Northrop Grumman Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Monday, February 23rd were paid a $2.31 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $9.24 dividend on an annualized basis and a yield of 1.6%. Northrop Grumman’s dividend payout ratio (DPR) is presently 28.92%.

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.