Northrop Grumman Corporation $NOC Shares Bought by Strategic Planning Group LLC

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

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NOC. Jennison Associates LLC boosted its stake in Northrop Grumman by 272.8% during the 4th quarter. Jennison Associates LLC now owns 401,664 shares of the aerospace company’s stock worth $229,033,000 after purchasing an additional 293,909 shares during the last quarter. Holocene Advisors LP acquired a new stake in Northrop Grumman during the 3rd quarter worth $137,280,000. Bank of New York Mellon Corp boosted its stake in Northrop Grumman by 26.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,051,226 shares of the aerospace company’s stock worth $640,534,000 after purchasing an additional 221,431 shares during the last quarter. Vanguard Group Inc. boosted its stake in Northrop Grumman by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock worth $7,835,097,000 after purchasing an additional 209,135 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in Northrop Grumman by 1,086.5% during the 4th quarter. M&T Bank Corp now owns 192,583 shares of the aerospace company’s stock worth $109,813,000 after purchasing an additional 176,352 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on NOC. BTIG Research reaffirmed a “buy” rating and set a $815.00 target price on shares of Northrop Grumman in a research note on Wednesday, April 22nd. Bank of America lifted their target price on shares of Northrop Grumman from $685.00 to $750.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Wall Street Zen cut shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Saturday, April 25th. Vertical Research reiterated a “hold” rating and set a $688.00 price target on shares of Northrop Grumman in a report on Tuesday, January 27th. Finally, Citigroup dropped their price objective on shares of Northrop Grumman from $807.00 to $742.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $710.74.

Insider Activity

In related news, CAO Michael A. Hardesty sold 147 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $732.98, for a total value of $107,748.06. Following the sale, the chief accounting officer directly owned 2,525 shares in the company, valued at approximately $1,850,774.50. The trade was a 5.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Benjamin R. Davies sold 2,189 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $719.61, for a total transaction of $1,575,226.29. Following the completion of the sale, the vice president owned 151 shares in the company, valued at approximately $108,661.11. This trade represents a 93.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is currently owned by insiders.

Northrop Grumman Price Performance

Shares of NOC stock opened at $548.23 on Tuesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.04. The firm’s 50-day moving average is $671.77 and its two-hundred day moving average is $635.30. Northrop Grumman Corporation has a 12 month low of $453.01 and a 12 month high of $774.00. The company has a market capitalization of $77.87 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 3.75 and a beta of -0.11.

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

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.