Northrop Grumman Corporation $NOC Shares Bought by Sowell Financial Services LLC

Sowell Financial Services LLC raised its holdings in Northrop Grumman Corporation (NYSE:NOC) by 194.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,228 shares of the aerospace company’s stock after buying an additional 1,471 shares during the period. Sowell Financial Services LLC’s holdings in Northrop Grumman were worth $1,270,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Financial Life Planners acquired a new stake in Northrop Grumman in the third quarter valued at $27,000. Physician Wealth Advisors Inc. grew its holdings in shares of 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 last quarter. Parvin Asset Management LLC purchased a new position in shares of Northrop Grumman during the second quarter worth about $25,000. Hopwood Financial Services Inc. purchased a new position in shares of Northrop Grumman during the third quarter worth about $30,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in shares of Northrop Grumman during the third quarter worth about $32,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Stock Performance

NYSE NOC opened at $687.49 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.10 and a debt-to-equity ratio of 0.91. Northrop Grumman Corporation has a 52-week low of $450.13 and a 52-week high of $774.00. The business’s 50-day moving average price is $710.82 and its 200 day moving average price is $634.32. The firm has a market cap of $97.57 billion, a P/E ratio of 23.60, a P/E/G ratio of 5.21 and a beta of 0.04.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.97 by $0.26. Northrop Grumman had a return on equity of 25.57% and a net margin of 9.97%.The firm had revenue of $11.71 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the company posted $6.39 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, equities research 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 declared a quarterly dividend, which was paid on Wednesday, March 11th. Investors 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 dividend on an annualized basis and a dividend yield of 1.3%. Northrop Grumman’s dividend payout ratio (DPR) is currently 31.72%.

Insider Buying and Selling

In related news, Director Mark A. Welsh III sold 95 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $684.52, for a total transaction of $65,029.40. Following the transaction, the director owned 4,203 shares of the company’s stock, valued at $2,877,037.56. This trade represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Benjamin R. Davies sold 2,189 shares of the firm’s stock in a transaction dated 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 transaction, the vice president directly owned 151 shares in the company, valued at approximately $108,661.11. This represents a 93.55% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 22,431 shares of company stock worth $15,924,404. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

NOC has been the topic of several research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Northrop Grumman in a report on Monday, March 23rd. TD Cowen reaffirmed a “hold” rating on shares of Northrop Grumman in a report on Wednesday, January 28th. BTIG Research raised their price objective on Northrop Grumman from $680.00 to $815.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Citigroup raised their price objective on Northrop Grumman from $781.00 to $807.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Finally, Wells Fargo & Company initiated coverage on Northrop Grumman in a report on Wednesday, April 1st. They set an “overweight” rating and a $800.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $708.65.

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.