WealthPlan Investment Management LLC Has $1.39 Million Stock Position in Northrop Grumman Corporation $NOC

WealthPlan Investment Management LLC boosted its position in Northrop Grumman Corporation (NYSE:NOC) by 63.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,277 shares of the aerospace company’s stock after buying an additional 882 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Northrop Grumman were worth $1,388,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NOC. GWN Securities Inc. acquired a new stake in shares of Northrop Grumman in the third quarter valued at about $3,151,000. Retirement Planning Group LLC bought a new stake in Northrop Grumman during the 3rd quarter valued at approximately $812,000. Exencial Wealth Advisors LLC grew its holdings in Northrop Grumman by 0.8% in the 3rd quarter. Exencial Wealth Advisors LLC now owns 4,802 shares of the aerospace company’s stock valued at $2,926,000 after buying an additional 39 shares during the last quarter. Klingman & Associates LLC increased its position in Northrop Grumman by 4.9% in the 3rd quarter. Klingman & Associates LLC now owns 426 shares of the aerospace company’s stock worth $260,000 after buying an additional 20 shares during the period. Finally, Liberty One Investment Management LLC acquired a new position in shares of Northrop Grumman during the third quarter worth approximately $60,076,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Stock Up 4.4%

Shares of NOC opened at $653.24 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 0.95. The company has a 50-day moving average price of $573.79 and a two-hundred day moving average price of $575.15. The stock has a market cap of $93.23 billion, a price-to-earnings ratio of 23.50, a P/E/G ratio of 5.08 and a beta of 0.05. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $654.52.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $10.68 billion. During the same quarter last year, the company earned $7.00 EPS. Northrop Grumman’s revenue was up 4.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Equities analysts predict 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. Stockholders of record on Monday, December 1st were issued a $2.31 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $9.24 annualized dividend and a dividend yield of 1.4%. Northrop Grumman’s dividend payout ratio is presently 33.24%.

Wall Street Analysts Forecast Growth

NOC has been the topic of a number of research reports. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $727.00 target price on shares of Northrop Grumman in a research report on Monday. Truist Financial restated a “hold” rating and issued a $623.00 price target (down from $688.00) on shares of Northrop Grumman in a research report on Friday, January 9th. JPMorgan Chase & Co. upped their price objective on shares of Northrop Grumman from $575.00 to $640.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. UBS Group lifted their target price on Northrop Grumman to $770.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft set a $700.00 price target on Northrop Grumman and gave the company a “buy” rating in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $652.76.

Insider Transactions at Northrop Grumman

In related news, Director Mark A. Welsh III sold 97 shares of Northrop Grumman stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $564.08, for a total transaction of $54,715.76. Following the completion of the transaction, the director directly owned 4,281 shares of the company’s stock, valued at $2,414,826.48. This trade represents a 2.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kathy J. Warden sold 3,000 shares of the firm’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 transaction of $1,845,000.00. Following the sale, the chief executive officer directly owned 191,602 shares of the company’s stock, valued at approximately $117,835,230. The trade was a 1.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,097 shares of company stock valued at $6,099,716 in the last quarter. 0.23% of the stock is currently owned by corporate insiders.

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.