Nkcfo LLC Acquires Shares of 4,900 Northrop Grumman Corporation $NOC

Nkcfo LLC bought a new position in shares of Northrop Grumman Corporation (NYSE:NOC) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,900 shares of the aerospace company’s stock, valued at approximately $2,986,000. Northrop Grumman comprises approximately 0.9% of Nkcfo LLC’s investment portfolio, making the stock its 26th biggest position.

Other large investors have also modified their holdings of the company. Coign Capital Advisors LLC boosted its position in Northrop Grumman by 1.3% during the second quarter. Coign Capital Advisors LLC now owns 1,294 shares of the aerospace company’s stock worth $647,000 after acquiring an additional 17 shares during the last quarter. Howard Financial Services LTD. raised its holdings in Northrop Grumman by 1.5% in the 3rd quarter. Howard Financial Services LTD. now owns 1,127 shares of the aerospace company’s stock valued at $687,000 after acquiring an additional 17 shares during the last quarter. West Wealth Group LLC lifted its stake in Northrop Grumman by 4.3% in the 3rd quarter. West Wealth Group LLC now owns 412 shares of the aerospace company’s stock worth $251,000 after purchasing an additional 17 shares in the last quarter. King Luther Capital Management Corp boosted its holdings in shares of Northrop Grumman by 1.5% during the 2nd quarter. King Luther Capital Management Corp now owns 1,243 shares of the aerospace company’s stock worth $621,000 after purchasing an additional 18 shares during the last quarter. Finally, Dakota Community Bank & Trust NA grew its position in shares of Northrop Grumman by 6.9% in the third quarter. Dakota Community Bank & Trust NA now owns 278 shares of the aerospace company’s stock valued at $169,000 after purchasing an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Price Performance

NYSE:NOC opened at $725.37 on Tuesday. Northrop Grumman Corporation has a 52 week low of $449.20 and a 52 week high of $745.55. The stock’s fifty day moving average is $645.66 and its two-hundred day moving average is $604.84. The company has a market capitalization of $102.94 billion, a P/E ratio of 24.90, a P/E/G ratio of 5.37 and a beta of 0.04. The company has a quick ratio of 1.01, a current ratio of 1.10 and a debt-to-equity ratio of 0.91.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.97 by $0.26. The firm had revenue of $11.71 billion during the quarter, compared to the consensus estimate of $11.61 billion. Northrop Grumman had a return on equity of 25.57% and a net margin of 9.97%.The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the company earned $6.39 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Equities analysts expect that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Monday, February 23rd will be given a dividend of $2.31 per share. This represents a $9.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, February 23rd. Northrop Grumman’s dividend payout ratio (DPR) is currently 31.72%.

Insider Transactions at Northrop Grumman

In related news, CAO Michael A. Hardesty sold 147 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $732.98, for a total value of $107,748.06. Following the sale, the chief accounting officer owned 2,525 shares in the company, valued at approximately $1,850,774.50. The trade was a 5.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Benjamin R. Davies sold 2,189 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were 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 trade represents a 93.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 32,431 shares of company stock valued at $21,969,404. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. BTIG Research lifted their price objective on Northrop Grumman from $680.00 to $815.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Vertical Research reaffirmed a “hold” rating and issued a $688.00 target price on shares of Northrop Grumman in a research note on Tuesday, January 27th. Susquehanna reaffirmed a “positive” rating and issued a $752.00 target price on shares of Northrop Grumman in a research note on Thursday, January 15th. Truist Financial reissued a “hold” rating and set a $623.00 price target (down previously from $688.00) on shares of Northrop Grumman in a research report on Friday, January 9th. Finally, BNP Paribas Exane started coverage on shares of Northrop Grumman in a report on Tuesday, November 18th. They issued an “outperform” rating and a $710.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $693.60.

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.