Retirement Planning Group LLC Takes $812,000 Position in Northrop Grumman Corporation $NOC

Retirement Planning Group LLC bought a new stake in Northrop Grumman Corporation (NYSE:NOC) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 1,332 shares of the aerospace company’s stock, valued at approximately $812,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Parvin Asset Management LLC acquired a new position in Northrop Grumman in the second quarter valued at $25,000. NewSquare Capital LLC lifted its holdings in shares of Northrop Grumman by 75.0% in the 2nd quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 27 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Northrop Grumman in the 2nd quarter valued at about $31,000. AlphaQuest LLC boosted its position in shares of Northrop Grumman by 29.2% in the 2nd quarter. AlphaQuest LLC now owns 93 shares of the aerospace company’s stock valued at $46,000 after purchasing an additional 21 shares during the period. Finally, City Holding Co. grew its stake in Northrop Grumman by 138.1% during the 2nd quarter. City Holding Co. now owns 100 shares of the aerospace company’s stock worth $50,000 after buying an additional 58 shares during the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NOC shares. JPMorgan Chase & Co. increased their price objective on Northrop Grumman from $575.00 to $640.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. BTIG Research upped their price target on shares of Northrop Grumman from $630.00 to $680.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Citigroup raised their price objective on shares of Northrop Grumman from $654.00 to $715.00 and gave the stock a “buy” rating in a research report on Tuesday. Sanford C. Bernstein restated a “market perform” rating and issued a $727.00 price objective on shares of Northrop Grumman in a research note on Monday. Finally, Alembic Global Advisors raised shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $662.00 target price for the company in a report on Monday, December 15th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $652.76.

Insider Activity at Northrop Grumman

In related news, Director Mark A. Welsh III sold 97 shares of Northrop Grumman stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $564.08, for a total value of $54,715.76. Following the sale, the director directly owned 4,281 shares in the company, valued at $2,414,826.48. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Kathy J. Warden sold 3,000 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $615.00, for a total value of $1,845,000.00. Following the completion of the transaction, the chief executive officer owned 191,602 shares of the company’s stock, valued at $117,835,230. The trade was a 1.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 10,097 shares of company stock valued at $6,099,716 over the last three months. Insiders own 0.23% of the company’s stock.

Northrop Grumman Stock Up 4.4%

Shares of Northrop Grumman stock opened at $653.24 on Thursday. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $654.52. The company has a market cap of $93.23 billion, a P/E ratio of 23.50, a PEG ratio of 5.08 and a beta of 0.05. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 1.11. The firm has a fifty day moving average of $573.79 and a two-hundred day moving average of $575.15.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share for the quarter, beating the consensus estimate of $6.43 by $1.24. The business had revenue of $10.42 billion for the quarter, compared to the consensus estimate of $10.68 billion. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.00 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st 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 of this dividend was Monday, December 1st. Northrop Grumman’s dividend payout ratio is 33.24%.

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.