Harold Davidson & Associates Inc. Raises Position in Northrop Grumman Corporation $NOC

Harold Davidson & Associates Inc. boosted its position in Northrop Grumman Corporation (NYSE:NOC) by 58.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,417 shares of the aerospace company’s stock after purchasing an additional 893 shares during the period. Harold Davidson & Associates Inc.’s holdings in Northrop Grumman were worth $1,473,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NOC. Parvin Asset Management LLC bought a new stake in Northrop Grumman in the 2nd quarter valued at about $25,000. Physician Wealth Advisors Inc. boosted its position in Northrop Grumman by 200.0% during the third quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 32 shares during the period. Hopwood Financial Services Inc. purchased a new position in shares of Northrop Grumman in the third quarter worth about $30,000. NewSquare Capital LLC increased its stake in shares of Northrop Grumman by 75.0% in the second quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 27 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Northrop Grumman in the second quarter valued at approximately $31,000. 83.40% of the stock is owned by institutional investors.

Insider Buying and Selling at Northrop Grumman

In related news, CEO Kathy J. Warden sold 20,000 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $708.82, for a total value of $14,176,400.00. Following the transaction, the chief executive officer owned 171,602 shares of the company’s stock, valued at $121,634,929.64. This represents a 10.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Welsh III sold 97 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $564.08, for a total value of $54,715.76. Following the sale, the director owned 4,281 shares in the company, valued at $2,414,826.48. The trade was a 2.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 30,192 shares of company stock valued at $20,341,145 over the last quarter. 0.23% of the stock is owned by company insiders.

Northrop Grumman Stock Performance

NYSE:NOC opened at $724.47 on Thursday. The business’s 50-day moving average price is $636.07 and its two-hundred day moving average price is $601.81. Northrop Grumman Corporation has a twelve month low of $426.24 and a twelve month high of $725.55. The stock has a market cap of $102.82 billion, a P/E ratio of 24.87, a PEG ratio of 5.21 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 EPS for the quarter, topping the consensus estimate of $6.97 by $0.26. The company had revenue of $11.71 billion during the quarter, compared to analyst estimates of $11.61 billion. Northrop Grumman had a return on equity of 25.57% and a net margin of 9.97%.Northrop Grumman’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.39 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, equities analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $765.00 price objective on shares of Northrop Grumman in a research note on Wednesday, January 28th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $727.00 price target on shares of Northrop Grumman in a report on Monday, January 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Northrop Grumman in a research report on Wednesday, December 24th. Royal Bank Of Canada increased their price objective on Northrop Grumman from $715.00 to $750.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Finally, 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. Two equities research 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.