Northrop Grumman Corporation $NOC Shares Purchased by Krilogy Financial LLC

Krilogy Financial LLC boosted its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 108.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,213 shares of the aerospace company’s stock after purchasing an additional 1,152 shares during the period. Krilogy Financial LLC’s holdings in Northrop Grumman were worth $1,073,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Accel Wealth Management raised its holdings in shares of Northrop Grumman by 2.5% in the 3rd quarter. Accel Wealth Management now owns 1,169 shares of the aerospace company’s stock worth $565,000 after buying an additional 29 shares in the last quarter. Sage Capital Advisors llc acquired a new stake in Northrop Grumman in the 3rd quarter valued at $5,773,000. NorthCrest Asset Manangement LLC boosted its stake in Northrop Grumman by 605.7% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 29,881 shares of the aerospace company’s stock valued at $14,477,000 after buying an additional 25,647 shares in the last quarter. JGP Wealth Management LLC grew its position in Northrop Grumman by 5.0% in the third quarter. JGP Wealth Management LLC now owns 993 shares of the aerospace company’s stock valued at $480,000 after acquiring an additional 47 shares during the period. Finally, GK Wealth Management LLC bought a new stake in Northrop Grumman in the third quarter valued at $44,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Price Performance

NOC traded up $20.34 during trading on Friday, hitting $519.98. The company’s stock had a trading volume of 1,320,498 shares, compared to its average volume of 1,014,773. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $73.85 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 2.93 and a beta of -0.11. The firm’s 50 day moving average price is $525.17 and its two-hundred day moving average price is $553.31. Northrop Grumman Corporation has a 12 month low of $470.06 and a 12 month high of $774.00.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, topping analysts’ consensus estimates of $6.82 by $0.86. The company had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The company’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Sell-side analysts forecast that Northrop Grumman Corporation will post 28.96 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Monday, August 31st were paid a $2.47 dividend. This represents a $9.88 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, August 31st. Northrop Grumman’s dividend payout ratio is presently 31.39%.

Insiders Place Their Bets

In other news, Director Mark Welsh, III sold 95 shares of Northrop Grumman stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $547.53, for a total transaction of $52,015.35. Following the transaction, the director owned 4,393 shares in the company, valued at $2,405,299.29. The trade was a 2.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on NOC shares. BNP Paribas Exane dropped their price objective on Northrop Grumman from $640.00 to $540.00 and set an “outperform” rating for the company in a research note on Tuesday, October 6th. Robert W. Baird set a $500.00 target price on shares of Northrop Grumman in a research note on Wednesday, July 22nd. UBS Group boosted their target price on shares of Northrop Grumman from $685.00 to $704.00 and gave the company a “buy” rating in a research note on Tuesday, September 8th. Royal Bank Of Canada lowered shares of Northrop Grumman from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $640.00 to $525.00 in a report on Friday, October 2nd. Finally, TD Cowen dropped their target price on shares of Northrop Grumman from $590.00 to $540.00 and set a “hold” rating for the company in a research report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $641.91.

Northrop Grumman Profile

Northrop Grumman Corporation (NYSE:NOC) is a global aerospace and defense company that develops and produces systems for government and commercial customers, with the U.S. Department of Defense and other government agencies representing its primary markets. Its work spans advanced aircraft, autonomous systems, space systems, missile defense, command and control, cybersecurity, and other mission-critical technologies.

The company’s offerings include strategic and tactical aircraft, unmanned aerial vehicles, aircraft systems, satellites, spacecraft, launch vehicles, missile-warning and missile-defense systems, secure communications, and cyber and information systems.