Bcwm LLC Has $10.19 Million Holdings in Northrop Grumman Corporation $NOC

Bcwm LLC lessened its position in Northrop Grumman Corporation (NYSE:NOC) by 10.3% in the third quarter, Holdings Channel.com reports. The firm owned 16,721 shares of the aerospace company’s stock after selling 1,930 shares during the quarter. Northrop Grumman comprises 3.1% of Bcwm LLC’s portfolio, making the stock its 13th biggest holding. Bcwm LLC’s holdings in Northrop Grumman were worth $10,189,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NOC. Parvin Asset Management LLC bought a new position in Northrop Grumman in the 2nd quarter valued at approximately $25,000. Financial Life Planners acquired a new position in Northrop Grumman in the 3rd quarter valued at approximately $27,000. Physician Wealth Advisors Inc. increased its position in Northrop Grumman by 200.0% in 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 period. Hopwood Financial Services Inc. bought a new position in shares of Northrop Grumman during the third quarter valued at $30,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Northrop Grumman during the second quarter worth $31,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Stock Down 0.3%

Shares of Northrop Grumman stock opened at $733.88 on Friday. The stock’s 50-day moving average is $691.50 and its 200 day moving average is $619.58. Northrop Grumman Corporation has a one year low of $450.13 and a one year high of $774.00. The firm has a market cap of $104.15 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 5.45 and a beta of 0.03. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.10 and a quick ratio of 1.01.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share for the quarter, topping 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 return on equity of 25.57% and a net margin of 9.97%.The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $6.39 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Equities research analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Monday, February 23rd were given a $2.31 dividend. This represents a $9.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, February 23rd. Northrop Grumman’s payout ratio is presently 31.72%.

Insider Transactions at Northrop Grumman

In related news, 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 transaction, the chief executive officer directly owned 171,602 shares in the company, valued at $121,634,929.64. This trade represents a 10.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Michael A. Hardesty sold 147 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer owned 2,525 shares in the company, valued at approximately $1,850,774.50. The trade was a 5.50% decrease in their position. 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 in the last 90 days. Corporate insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

NOC has been the subject of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Northrop Grumman in a research report on Wednesday, December 24th. Morgan Stanley reiterated an “overweight” rating and issued a $765.00 price target on shares of Northrop Grumman in a research report on Wednesday, January 28th. Bank of America increased their price target on Northrop Grumman from $685.00 to $750.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Truist Financial reaffirmed a “hold” rating and issued a $623.00 price objective (down from $688.00) on shares of Northrop Grumman in a research note on Friday, January 9th. Finally, Jefferies Financial Group increased their target price on shares of Northrop Grumman from $630.00 to $690.00 and gave the company a “hold” rating in a research report on Sunday, February 1st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $693.60.

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.