Northrop Grumman Corporation $NOC Shares Acquired by Narwhal Capital Management

Narwhal Capital Management lifted its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 20.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,708 shares of the aerospace company’s stock after acquiring an additional 3,280 shares during the period. Narwhal Capital Management’s holdings in Northrop Grumman were worth $11,238,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NOC. Focused Investors LLC lifted its position in Northrop Grumman by 4.1% during the 3rd quarter. Focused Investors LLC now owns 211,800 shares of the aerospace company’s stock worth $129,054,000 after acquiring an additional 8,300 shares during the period. Merit Financial Group LLC increased its holdings in shares of Northrop Grumman by 74.5% in the third 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 period. Huntleigh Advisors Inc. purchased a new stake in shares of Northrop Grumman during the third quarter worth approximately $2,818,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Northrop Grumman by 4.1% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 81,747 shares of the aerospace company’s stock worth $49,810,000 after purchasing an additional 3,215 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Northrop Grumman by 13.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,318 shares of the aerospace company’s stock worth $13,599,000 after purchasing an additional 2,644 shares during the period. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Insider Buying and Selling at Northrop Grumman

In other news, Director Mark A. Welsh III sold 95 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $684.52, for a total transaction of $65,029.40. Following the completion of the transaction, the director directly owned 4,203 shares of the company’s stock, valued at $2,877,037.56. This trade represents a 2.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Benjamin R. Davies sold 2,189 shares of Northrop Grumman stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $719.61, for a total value of $1,575,226.29. Following the transaction, the vice president owned 151 shares of the company’s stock, valued at $108,661.11. This represents a 93.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 22,431 shares of company stock worth $15,924,404. 0.21% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NOC. Wells Fargo & Company initiated coverage on shares of Northrop Grumman in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 price objective on the stock. Bank of America raised their target price on shares of Northrop Grumman from $685.00 to $750.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Northrop Grumman in a research note on Monday, March 23rd. Sanford C. Bernstein reissued a “market perform” rating and set a $727.00 price target on shares of Northrop Grumman in a report on Monday, January 12th. Finally, Susquehanna restated a “positive” rating and issued a $752.00 price objective on shares of Northrop Grumman in a research report on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $710.74.

Northrop Grumman Stock Performance

Shares of NOC stock opened at $577.37 on Wednesday. The stock has a fifty day moving average price of $694.45 and a 200 day moving average price of $637.62. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15. The stock has a market cap of $82.00 billion, a PE ratio of 18.07, a P/E/G ratio of 4.10 and a beta of 0.04. Northrop Grumman Corporation has a 1 year low of $453.01 and a 1 year high of $774.00.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share for the quarter, beating analysts’ consensus estimates of $6.06 by $0.08. The business had revenue of $9.88 billion during the quarter, compared to analysts’ expectations of $9.75 billion. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Sell-side analysts forecast that Northrop Grumman Corporation will post 27.86 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Monday, February 23rd were issued a dividend of $2.31 per share. This represents a $9.24 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, February 23rd. Northrop Grumman’s dividend payout ratio (DPR) is 28.92%.

Northrop Grumman Company 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.