Strategic Planning Group LLC Raises Stock Holdings in Northrop Grumman Corporation $NOC

Strategic Planning Group LLC boosted its stake in Northrop Grumman Corporation (NYSE:NOC) by 9.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,012 shares of the aerospace company’s stock after buying an additional 1,087 shares during the period. Strategic Planning Group LLC’s holdings in Northrop Grumman were worth $7,420,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of NOC. Torren Management LLC purchased a new stake in Northrop Grumman during the fourth quarter worth about $26,000. Financial Life Planners purchased a new stake in Northrop Grumman during the third quarter worth about $27,000. Physician Wealth Advisors Inc. increased its stake in Northrop Grumman by 200.0% during the third quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 32 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in Northrop Grumman during the fourth quarter worth about $29,000. Finally, Hopwood Financial Services Inc. purchased a new stake in Northrop Grumman during the third quarter worth about $30,000. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Benjamin R. Davies sold 2,189 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $719.61, for a total value of $1,575,226.29. Following the completion of the transaction, the vice president directly owned 151 shares of the company’s stock, valued at $108,661.11. This represents a 93.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $107,748.06. Following the completion of the transaction, the chief accounting officer directly owned 2,525 shares of the company’s stock, valued at $1,850,774.50. This trade represents a 5.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.21% of the company’s stock.

Northrop Grumman Stock Performance

Shares of Northrop Grumman stock opened at $548.23 on Tuesday. Northrop Grumman Corporation has a one year low of $453.01 and a one year high of $774.00. The company has a market cap of $77.87 billion, a PE ratio of 17.16, a P/E/G ratio of 3.75 and a beta of -0.11. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15. The business has a 50-day simple moving average of $671.77 and a 200-day simple moving average of $635.30.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.06 by $0.08. The firm had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.75 billion. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, equities research analysts forecast that Northrop Grumman Corporation will post 27.92 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Royal Bank Of Canada boosted their price target on shares of Northrop Grumman from $715.00 to $750.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Argus set a $785.00 price objective on Northrop Grumman in a research report on Tuesday, February 10th. Susquehanna reissued a “positive” rating and set a $752.00 price objective on shares of Northrop Grumman in a research report on Thursday, January 15th. Citigroup lowered their price objective on Northrop Grumman from $807.00 to $742.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Finally, Jefferies Financial Group set a $660.00 price objective on Northrop Grumman in a research report on Sunday, April 26th. Two investment 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 company. According to data from MarketBeat.com, Northrop Grumman currently has an average rating of “Moderate Buy” and a consensus price target of $710.74.

About Northrop Grumman

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.