Envestnet Asset Management Inc. Buys 33,287 Shares of Northrop Grumman Corporation $NOC

Envestnet Asset Management Inc. boosted its stake in Northrop Grumman Corporation (NYSE:NOC) by 16.8% in the third quarter, HoldingsChannel reports. The firm owned 231,802 shares of the aerospace company’s stock after acquiring an additional 33,287 shares during the period. Envestnet Asset Management Inc.’s holdings in Northrop Grumman were worth $141,242,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Focused Investors LLC increased its position in Northrop Grumman by 4.1% during the third quarter. Focused Investors LLC now owns 211,800 shares of the aerospace company’s stock valued at $129,054,000 after acquiring an additional 8,300 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its stake in shares of Northrop Grumman by 29.4% during the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 1,848 shares of the aerospace company’s stock valued at $924,000 after purchasing an additional 420 shares during the period. Merit Financial Group LLC increased its position in shares of Northrop Grumman by 74.5% during the 3rd quarter. Merit Financial Group LLC now owns 11,060 shares of the aerospace company’s stock valued at $6,739,000 after purchasing an additional 4,721 shares during the last quarter. Oak Thistle LLC bought a new position in shares of Northrop Grumman in the 3rd quarter worth approximately $1,015,000. Finally, Mawer Investment Management Ltd. purchased a new position in shares of Northrop Grumman in the second quarter worth approximately $491,985,000. 83.40% of the stock is owned by institutional investors.

Insider Activity at Northrop Grumman

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $684.52, for a total value of $65,029.40. Following the sale, the director directly owned 4,203 shares in the company, valued at approximately $2,877,037.56. The trade was a 2.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Kathy J. Warden sold 3,000 shares of the business’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $615.00, for a total transaction of $1,845,000.00. Following the completion of the sale, the chief executive officer owned 191,602 shares in the company, valued at approximately $117,835,230. The trade was a 1.54% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 10,192 shares of company stock worth $6,164,745. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. TD Cowen reaffirmed a “hold” rating on shares of Northrop Grumman in a report on Wednesday, January 28th. Sanford C. Bernstein restated a “market perform” rating and issued a $727.00 price objective on shares of Northrop Grumman in a research note on Monday, January 12th. Truist Financial reaffirmed a “hold” rating and issued a $623.00 target price (down from $688.00) on shares of Northrop Grumman in a report on Friday, January 9th. Vertical Research reissued a “hold” rating and set a $688.00 price target on shares of Northrop Grumman in a report on Tuesday, January 27th. Finally, BNP Paribas Exane assumed coverage on Northrop Grumman in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $710.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $688.79.

Northrop Grumman Trading Up 1.9%

Shares of NOC stock opened at $709.77 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.01 and a current ratio of 1.10. The stock has a fifty day simple moving average of $612.48 and a two-hundred day simple moving average of $594.59. The firm has a market capitalization of $100.73 billion, a PE ratio of 24.37, a PEG ratio of 5.17 and a beta of 0.04. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $711.88.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the prior year, the company posted $6.39 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Monday, December 1st were issued a dividend of $2.31 per share. 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, December 1st. Northrop Grumman’s dividend payout ratio (DPR) is 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.