Synovus Financial Corp Acquires 820 Shares of Northrop Grumman Corporation $NOC

Synovus Financial Corp raised its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 34.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,173 shares of the aerospace company’s stock after acquiring an additional 820 shares during the period. Synovus Financial Corp’s holdings in Northrop Grumman were worth $1,935,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Physician Wealth Advisors Inc. raised its stake in Northrop Grumman by 200.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 32 shares during the period. Parvin Asset Management LLC bought a new stake in Northrop Grumman during the 2nd quarter valued at approximately $25,000. Hopwood Financial Services Inc. purchased a new position in Northrop Grumman in the 3rd quarter worth approximately $30,000. Twin Peaks Wealth Advisors LLC bought a new position in Northrop Grumman in the 2nd quarter worth approximately $31,000. Finally, NewSquare Capital LLC grew its holdings in Northrop Grumman by 75.0% during the 2nd quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock valued at $31,000 after buying an additional 27 shares in the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $684.52, for a total value of $65,029.40. Following the transaction, the director owned 4,203 shares in the company, valued at $2,877,037.56. The trade was a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $1,575,226.29. Following the completion of the transaction, the vice president directly owned 151 shares in the company, valued at approximately $108,661.11. The trade was a 93.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 32,528 shares of company stock valued at $22,024,120. Company insiders own 0.23% of the company’s stock.

Northrop Grumman Price Performance

Shares of Northrop Grumman stock opened at $722.73 on Friday. The stock has a market cap of $102.57 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 5.37 and a beta of 0.04. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.01 and a current ratio of 1.10. The stock has a 50 day moving average price of $642.66 and a 200-day moving average price of $603.76. Northrop Grumman Corporation has a one year low of $437.83 and a one year high of $745.55.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share for the quarter, beating analysts’ consensus estimates of $6.97 by $0.26. Northrop Grumman had a net margin of 9.97% and a return on equity of 25.57%. The business had revenue of $11.71 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same quarter in the previous year, the business posted $6.39 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. 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 Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Alembic Global Advisors upgraded shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $662.00 price target on the stock in a report on Monday, December 15th. Jefferies Financial Group boosted their target price on Northrop Grumman from $630.00 to $690.00 and gave the stock a “hold” rating in a research report on Sunday, February 1st. Bank of America raised their price target on Northrop Grumman from $685.00 to $750.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. BNP Paribas Exane assumed coverage on Northrop Grumman in a report on Tuesday, November 18th. They set an “outperform” rating and a $710.00 price objective on the stock. Finally, Vertical Research reiterated a “hold” rating and set a $688.00 target price on shares of Northrop Grumman in a research report on Tuesday, January 27th. 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $693.60.

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.