Berman McAleer LLC Takes $871,000 Position in Northrop Grumman Corporation $NOC

Berman McAleer LLC purchased a new position in shares of Northrop Grumman Corporation (NYSE:NOC) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,430 shares of the aerospace company’s stock, valued at approximately $871,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Focused Investors LLC raised its stake in shares of 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 buying an additional 8,300 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its position in Northrop Grumman by 29.4% during the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 1,848 shares of the aerospace company’s stock worth $924,000 after acquiring an additional 420 shares during the last quarter. Merit Financial Group LLC raised its position in Northrop Grumman by 74.5% during the third quarter. Merit Financial Group LLC now owns 11,060 shares of the aerospace company’s stock worth $6,739,000 after acquiring an additional 4,721 shares during the last quarter. Oak Thistle LLC purchased a new stake in shares of Northrop Grumman in the third quarter valued at about $1,015,000. Finally, Mawer Investment Management Ltd. acquired a new stake in shares of Northrop Grumman in the second quarter valued at approximately $491,985,000. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Stock Performance

NYSE NOC opened at $692.54 on Friday. The business’s 50-day moving average price is $599.59 and its 200 day moving average price is $588.40. The company has a current ratio of 1.10, a quick ratio of 0.98 and a debt-to-equity ratio of 0.91. Northrop Grumman Corporation has a twelve month low of $426.24 and a twelve month high of $705.45. The company has a market capitalization of $98.28 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 5.09 and a beta of 0.05.

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

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Monday, December 1st were paid a dividend of $2.31 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $9.24 dividend on an annualized basis and a yield of 1.3%. Northrop Grumman’s dividend payout ratio (DPR) is currently 31.72%.

Insiders Place Their Bets

In related news, Director Mark A. Welsh III sold 97 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $564.08, for a total value of $54,715.76. Following the transaction, the director directly owned 4,281 shares of the company’s stock, valued at approximately $2,414,826.48. This trade represents a 2.22% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Kathy J. Warden sold 7,000 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $600.00, for a total value of $4,200,000.00. Following the sale, the chief executive officer directly owned 194,602 shares of the company’s stock, valued at approximately $116,761,200. This trade represents a 3.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 10,097 shares of company stock worth $6,099,716. 0.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

NOC has been the subject of several research reports. Vertical Research restated a “hold” rating and set a $688.00 price objective on shares of Northrop Grumman in a research report on Tuesday. Bank of America boosted their price target on Northrop Grumman from $685.00 to $750.00 and gave the stock a “buy” rating in a report on Wednesday. UBS Group upped their price objective on Northrop Grumman from $777.00 to $778.00 and gave the company a “buy” rating in a research report on Wednesday. Susquehanna reiterated a “positive” rating and set a $752.00 price objective on shares of Northrop Grumman in a research report on Thursday, January 15th. Finally, Morgan Stanley restated an “overweight” rating and issued a $765.00 target price on shares of Northrop Grumman in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $688.72.

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.