Mirabella Financial Services LLP Boosts Holdings in Northrop Grumman Corporation $NOC

Mirabella Financial Services LLP raised its position in Northrop Grumman Corporation (NYSE:NOC) by 148.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 5,129 shares of the aerospace company’s stock after acquiring an additional 3,067 shares during the quarter. Mirabella Financial Services LLP’s holdings in Northrop Grumman were worth $3,119,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Focused Investors LLC boosted its holdings in Northrop Grumman by 4.1% in the third quarter. Focused Investors LLC now owns 211,800 shares of the aerospace company’s stock worth $129,054,000 after acquiring an additional 8,300 shares in the last quarter. Merit Financial Group LLC grew its stake in shares of Northrop Grumman by 74.5% during the third quarter. Merit Financial Group LLC now owns 11,060 shares of the aerospace company’s stock worth $6,739,000 after acquiring an additional 4,721 shares during the last quarter. Huntleigh Advisors Inc. acquired a new position in shares of Northrop Grumman during the third quarter valued at about $2,818,000. Oak Thistle LLC purchased a new position in shares of Northrop Grumman in the 3rd quarter valued at approximately $1,015,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Northrop Grumman by 4.1% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 81,747 shares of the aerospace company’s stock valued at $49,810,000 after purchasing an additional 3,215 shares during the last quarter. 83.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Northrop Grumman news, CEO Kathy J. Warden sold 20,000 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $708.82, for a total transaction of $14,176,400.00. Following the sale, the chief executive officer directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Benjamin R. Davies sold 2,189 shares of Northrop Grumman stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $719.61, for a total value of $1,575,226.29. Following the transaction, the vice president owned 151 shares of the company’s stock, valued at $108,661.11. The trade was a 93.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 32,431 shares of company stock valued at $21,969,404 over the last quarter. 0.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NOC. Jefferies Financial Group boosted their target price on shares of Northrop Grumman from $630.00 to $690.00 and gave the stock a “hold” rating in a research report on Sunday, February 1st. BTIG Research lifted their price objective on shares of Northrop Grumman from $680.00 to $815.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Truist Financial reissued a “hold” rating and set a $623.00 price objective (down from $688.00) on shares of Northrop Grumman in a report on Friday, January 9th. Argus set a $785.00 target price on Northrop Grumman in a research report on Tuesday, February 10th. Finally, Bank of America raised their target price on Northrop Grumman from $685.00 to $750.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $693.60.

Northrop Grumman Stock Performance

NOC opened at $724.82 on Thursday. The company has a current ratio of 1.10, a quick ratio of 1.01 and a debt-to-equity ratio of 0.91. Northrop Grumman Corporation has a 12-month low of $450.13 and a 12-month high of $774.00. The firm has a 50 day moving average of $699.26 and a two-hundred day moving average of $622.52. The firm has a market capitalization of $102.87 billion, a PE ratio of 24.88, a P/E/G ratio of 5.38 and a beta of 0.03.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, January 27th. The aerospace company reported $7.23 EPS for the quarter, beating the consensus estimate of $6.97 by $0.26. The business had revenue of $11.71 billion for 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 business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period 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, analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

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

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.