Ausdal Financial Partners Inc. Boosts Stock Position in Northrop Grumman Corporation $NOC

Ausdal Financial Partners Inc. raised its holdings in Northrop Grumman Corporation (NYSE:NOC) by 150.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,251 shares of the aerospace company’s stock after purchasing an additional 1,353 shares during the period. Ausdal Financial Partners Inc.’s holdings in Northrop Grumman were worth $1,371,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Parvin Asset Management LLC bought a new stake in shares of Northrop Grumman in the second quarter worth $25,000. Financial Life Planners bought a new position in Northrop Grumman during the 3rd quarter valued at $27,000. Physician Wealth Advisors Inc. boosted its stake in Northrop Grumman by 200.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 32 shares during the last quarter. Hopwood Financial Services Inc. acquired a new position in Northrop Grumman during the 3rd quarter worth $30,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Northrop Grumman in the 2nd quarter worth about $31,000. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analysts Set New Price Targets

NOC has been the topic of a number of recent analyst reports. BNP Paribas Exane assumed coverage on shares of Northrop Grumman in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $710.00 target price on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $765.00 price target on shares of Northrop Grumman in a research note on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $765.00 price objective on shares of Northrop Grumman in a research note on Thursday, January 29th. Truist Financial reaffirmed a “hold” rating and set a $623.00 target price (down from $688.00) on shares of Northrop Grumman in a report on Friday, January 9th. Finally, BTIG Research lifted their target price on Northrop Grumman from $680.00 to $815.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. One investment 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $693.60.

Northrop Grumman Trading Up 0.3%

Northrop Grumman stock opened at $736.26 on Tuesday. Northrop Grumman Corporation has a 1 year low of $450.13 and a 1 year high of $774.00. The firm’s 50-day moving average is $694.01 and its 200-day moving average is $620.86. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.01 and a current ratio of 1.10. The company has a market cap of $104.49 billion, a P/E ratio of 25.28, a PEG ratio of 5.45 and a beta of 0.03.

Northrop Grumman (NYSE:NOC) last announced 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 business had revenue of $11.71 billion during the quarter, compared to the consensus estimate of $11.61 billion. Northrop Grumman had a net margin of 9.97% and a return on equity of 25.57%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.39 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, equities analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Monday, February 23rd were issued a dividend of $2.31 per share. The ex-dividend date of this dividend 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 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.