Northrop Grumman Corporation $NOC Shares Purchased by Marietta Wealth Management LLC

Marietta Wealth Management LLC grew its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 31.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 8,563 shares of the aerospace company’s stock after purchasing an additional 2,043 shares during the quarter. Marietta Wealth Management LLC’s holdings in Northrop Grumman were worth $5,218,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NOC. Calamos Wealth Management LLC raised its position in shares of Northrop Grumman by 25.9% in the third quarter. Calamos Wealth Management LLC now owns 578 shares of the aerospace company’s stock valued at $352,000 after buying an additional 119 shares during the last quarter. Forefront Wealth Partners LLC acquired a new stake in Northrop Grumman during the third quarter worth approximately $225,000. Sivia Capital Partners LLC boosted its position in Northrop Grumman by 5.3% during the third quarter. Sivia Capital Partners LLC now owns 497 shares of the aerospace company’s stock worth $303,000 after acquiring an additional 25 shares during the last quarter. YANKCOM Partnership grew its stake in Northrop Grumman by 4.1% in the 3rd quarter. YANKCOM Partnership now owns 1,014 shares of the aerospace company’s stock worth $618,000 after acquiring an additional 40 shares during the period. Finally, First American Bank raised its holdings in Northrop Grumman by 0.4% in the 3rd quarter. First American Bank now owns 16,979 shares of the aerospace company’s stock valued at $10,346,000 after acquiring an additional 74 shares during the last quarter. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on NOC shares. JPMorgan Chase & Co. increased their price target on Northrop Grumman from $575.00 to $640.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Alembic Global Advisors upgraded Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $662.00 target price for the company in a research note on Monday, December 15th. BTIG Research raised their price target on Northrop Grumman from $630.00 to $680.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. BNP Paribas upgraded Northrop Grumman to a “strong-buy” rating in a report on Tuesday, November 18th. Finally, Deutsche Bank Aktiengesellschaft set a $700.00 price objective on shares of Northrop Grumman and gave the company a “buy” rating in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Northrop Grumman currently has a consensus rating of “Moderate Buy” and a consensus target price of $651.18.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, Director Mark A. Welsh III sold 97 shares of Northrop Grumman stock in a transaction on Monday, November 24th. The shares were sold at an average price of $564.08, for a total value of $54,715.76. Following the completion of 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 document filed with the SEC, which is available through this link. 0.23% of the stock is owned by company insiders.

Northrop Grumman Price Performance

NOC opened at $574.51 on Wednesday. The company has a market capitalization of $81.99 billion, a P/E ratio of 20.67, a PEG ratio of 4.97 and a beta of 0.05. The company has a 50-day moving average of $570.32 and a 200-day moving average of $567.26. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 1.11. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $640.90.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, topping 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 the consensus estimate of $10.68 billion. During the same period last year, the firm earned $7.00 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Equities analysts expect that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, December 1st were given a dividend of $2.31 per share. This represents a $9.24 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, December 1st. Northrop Grumman’s dividend payout ratio is currently 33.24%.

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.