AE Wealth Management LLC Grows Stock Holdings in Northrop Grumman Corporation $NOC

AE Wealth Management LLC lifted its position in Northrop Grumman Corporation (NYSE:NOC) by 43.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,526 shares of the aerospace company’s stock after buying an additional 1,070 shares during the quarter. AE Wealth Management LLC’s holdings in Northrop Grumman were worth $2,148,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Parvin Asset Management LLC purchased a new position in shares of Northrop Grumman in the second quarter valued at approximately $25,000. NewSquare Capital LLC lifted its holdings in Northrop Grumman by 75.0% during the 2nd quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after buying an additional 27 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in Northrop Grumman in the 2nd quarter valued at approximately $31,000. Manning & Napier Advisors LLC purchased a new position in Northrop Grumman in the 3rd quarter valued at approximately $42,000. Finally, AlphaQuest LLC grew its stake in shares of Northrop Grumman by 29.2% in the second quarter. AlphaQuest LLC now owns 93 shares of the aerospace company’s stock worth $46,000 after acquiring an additional 21 shares in the last quarter. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Northrop Grumman news, Director Mark A. Welsh III sold 97 shares of Northrop Grumman stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $564.08, for a total transaction of $54,715.76. Following the transaction, the director owned 4,281 shares of the company’s stock, valued at $2,414,826.48. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Kathy J. Warden sold 7,000 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $600.00, for a total value of $4,200,000.00. Following the completion of the sale, the chief executive officer directly owned 194,602 shares of the company’s stock, valued at $116,761,200. The trade was a 3.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,097 shares of company stock worth $6,099,716 in the last 90 days. 0.23% of the stock is currently owned by company insiders.

Northrop Grumman Trading Down 0.4%

Shares of Northrop Grumman stock opened at $692.54 on Monday. The company has a fifty day simple moving average of $599.59 and a 200-day simple moving average of $589.39. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $705.45. The company has a current ratio of 1.10, a quick ratio of 1.01 and a debt-to-equity ratio of 0.91. The stock has a market cap of $98.28 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 5.14 and a beta of 0.04.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share for the quarter, beating analysts’ consensus estimates of $6.97 by $0.26. The firm had revenue of $11.71 billion during the quarter, compared to analysts’ expectations of $11.61 billion. Northrop Grumman had a net margin of 9.97% and a return on equity of 25.57%. Northrop Grumman’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company earned $6.39 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, equities analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, December 1st were given a $2.31 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.3%. Northrop Grumman’s dividend payout ratio is 31.72%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NOC shares. Sanford C. Bernstein reiterated a “market perform” rating and issued a $727.00 price objective on shares of Northrop Grumman in a research note on Monday, January 12th. BTIG Research increased their price target on Northrop Grumman from $680.00 to $815.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Royal Bank Of Canada boosted their price objective on Northrop Grumman from $715.00 to $750.00 and gave the stock an “outperform” rating in a research report on Wednesday. Truist Financial reaffirmed a “hold” rating and issued a $623.00 target price (down previously from $688.00) on shares of Northrop Grumman in a report on Friday, January 9th. Finally, Citigroup lifted their price target on shares of Northrop Grumman from $715.00 to $781.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and a consensus price target of $688.79.

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.