Certuity LLC Takes $12.96 Million Position in Northrop Grumman Corporation $NOC

Certuity LLC purchased a new stake in Northrop Grumman Corporation (NYSE:NOC) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 21,264 shares of the aerospace company’s stock, valued at approximately $12,957,000. Northrop Grumman comprises 0.6% of Certuity LLC’s holdings, making the stock its 27th biggest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Financial Life Planners acquired a new position in shares of Northrop Grumman during the third quarter worth approximately $27,000. Physician Wealth Advisors Inc. increased its holdings in shares of Northrop Grumman by 200.0% in the third quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 32 shares in the last quarter. Parvin Asset Management LLC bought a new position in Northrop Grumman in the 2nd quarter worth approximately $25,000. Hopwood Financial Services Inc. bought a new position in Northrop Grumman in the 3rd quarter worth approximately $30,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Northrop Grumman during the 2nd quarter worth $31,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Insider Buying and Selling

In other news, VP Benjamin R. Davies sold 2,189 shares of the company’s stock in a transaction dated 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 completion of the sale, the vice president directly owned 151 shares of the company’s stock, valued at $108,661.11. This represents a 93.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mark A. Welsh III sold 95 shares of the 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 sale, the director owned 4,203 shares in the company, valued at $2,877,037.56. This represents a 2.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 32,431 shares of company stock valued at $21,969,404. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

NOC has been the subject of several research reports. Citigroup lifted their target price on Northrop Grumman from $715.00 to $781.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Northrop Grumman in a research note on Wednesday, December 24th. Truist Financial reiterated a “hold” rating and issued a $623.00 price target (down from $688.00) on shares of Northrop Grumman in a report on Friday, January 9th. Morgan Stanley reiterated an “overweight” rating and issued a $765.00 price objective on shares of Northrop Grumman in a research report on Wednesday, January 28th. Finally, Alembic Global Advisors upgraded shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $662.00 target price on the stock in a research report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $693.60.

Northrop Grumman Stock Performance

NOC stock opened at $735.20 on Friday. Northrop Grumman Corporation has a twelve month low of $450.13 and a twelve month high of $774.00. The company has a quick ratio of 1.01, a current ratio of 1.10 and a debt-to-equity ratio of 0.91. The company has a market cap of $104.34 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 5.45 and a beta of 0.03. The business’s fifty day moving average is $688.53 and its 200-day moving average is $618.37.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, January 27th. The aerospace company reported $7.23 EPS for the quarter, topping analysts’ consensus estimates of $6.97 by $0.26. The business had revenue of $11.71 billion during the quarter, compared to analysts’ expectations of $11.61 billion. Northrop Grumman had a return on equity of 25.57% and a net margin of 9.97%.The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period 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. Equities research analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Monday, February 23rd were 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 was Monday, February 23rd. Northrop Grumman’s payout ratio is presently 31.72%.

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.