Entropy Technologies LP Makes New $5.76 Million Investment in Northrop Grumman Corporation $NOC

Entropy Technologies LP bought a new position in shares of Northrop Grumman Corporation (NYSE:NOC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,445 shares of the aerospace company’s stock, valued at approximately $5,755,000.

Other large investors have also recently made changes to their positions in the company. Parvin Asset Management LLC acquired a new stake in shares of Northrop Grumman in the second quarter valued at approximately $25,000. Financial Life Planners purchased a new stake in Northrop Grumman in the 3rd quarter valued at $27,000. Physician Wealth Advisors Inc. raised its position in Northrop Grumman by 200.0% in the 3rd 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 during the last quarter. Hopwood Financial Services Inc. acquired a new stake in Northrop Grumman during the 3rd quarter worth $30,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Northrop Grumman during the 2nd quarter worth $31,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Vertical Research restated a “hold” rating and issued a $688.00 price objective on shares of Northrop Grumman in a research note on Tuesday, January 27th. Susquehanna reissued a “positive” rating and set a $752.00 price target on shares of Northrop Grumman in a report on Thursday, January 15th. UBS Group boosted their price target on Northrop Grumman from $777.00 to $778.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. TD Cowen reaffirmed a “hold” rating on shares of Northrop Grumman in a research note on Wednesday, January 28th. Finally, BTIG Research increased 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. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $693.60.

Insiders Place Their Bets

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $684.52, for a total value of $65,029.40. Following the completion of the sale, the director owned 4,203 shares of the company’s stock, valued at approximately $2,877,037.56. This trade represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Benjamin R. Davies sold 2,189 shares of the business’s stock in a transaction 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 sale, the vice president owned 151 shares in the company, valued at $108,661.11. The trade was a 93.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 32,431 shares of company stock valued at $21,969,404 in the last three months. 0.23% of the stock is owned by corporate insiders.

Northrop Grumman Stock Up 0.3%

Shares of NYSE:NOC opened at $735.20 on Friday. The company has a market cap of $104.34 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 5.45 and a beta of 0.03. The firm’s 50-day simple moving average is $688.53 and its 200-day simple moving average is $618.37. 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 Corporation has a fifty-two week low of $450.13 and a fifty-two week high of $774.00.

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

Northrop Grumman Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Monday, February 23rd were issued a $2.31 dividend. This represents a $9.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, February 23rd. Northrop Grumman’s dividend payout ratio (DPR) is currently 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.