MGO One Seven LLC Increases Stock Holdings in Northrop Grumman Corporation $NOC

MGO One Seven LLC grew its stake in Northrop Grumman Corporation (NYSE:NOC) by 41.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,396 shares of the aerospace company’s stock after purchasing an additional 2,177 shares during the period. MGO One Seven LLC’s holdings in Northrop Grumman were worth $4,506,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of NOC. Parvin Asset Management LLC acquired a new position in Northrop Grumman in the 2nd quarter valued at $25,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Northrop Grumman in the second quarter valued at about $31,000. NewSquare Capital LLC increased its stake in shares of Northrop Grumman by 75.0% during the second quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 27 shares during the period. AlphaQuest LLC increased its stake in shares of Northrop Grumman by 29.2% during the second quarter. AlphaQuest LLC now owns 93 shares of the aerospace company’s stock worth $46,000 after acquiring an additional 21 shares during the period. Finally, City Holding Co. raised its holdings in Northrop Grumman by 138.1% during the second quarter. City Holding Co. now owns 100 shares of the aerospace company’s stock worth $50,000 after purchasing an additional 58 shares in the last quarter. 83.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NOC. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $727.00 price objective on shares of Northrop Grumman in a report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Northrop Grumman in a report on Wednesday, December 24th. UBS Group upped their price objective on Northrop Grumman to $770.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Susquehanna raised their target price on Northrop Grumman from $650.00 to $690.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Northrop Grumman from $575.00 to $640.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Northrop Grumman presently has a consensus rating of “Moderate Buy” and an average price target of $649.18.

Northrop Grumman Stock Up 1.8%

NOC opened at $629.68 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 1.11. The company has a market cap of $89.87 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 5.02 and a beta of 0.05. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $640.90. The business’s fifty day moving average is $571.18 and its two-hundred day moving average is $573.68.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates of $6.43 by $1.24. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The business had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter last year, the business posted $7.00 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st were paid a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, December 1st. Northrop Grumman’s dividend payout ratio (DPR) is 33.24%.

Insider Buying and Selling

In related news, CEO Kathy J. Warden sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $615.00, for a total value of $1,845,000.00. Following the sale, the chief executive officer owned 191,602 shares of the company’s stock, valued at approximately $117,835,230. This represents a 1.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Welsh III sold 97 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $564.08, for a total value of $54,715.76. Following the transaction, the director directly owned 4,281 shares of the company’s stock, valued at $2,414,826.48. The trade was a 2.22% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 10,097 shares of company stock worth $6,099,716. 0.23% of the stock is owned by corporate insiders.

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.