Runnymede Capital Advisors Inc. Makes New $2.56 Million Investment in Northrop Grumman Corporation $NOC

Runnymede Capital Advisors Inc. bought a new position in Northrop Grumman Corporation (NYSE:NOC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,481 shares of the aerospace company’s stock, valued at approximately $2,555,000. Northrop Grumman comprises 1.5% of Runnymede Capital Advisors Inc.’s holdings, making the stock its 17th biggest position.

A number of other large investors have also bought and sold shares of the company. Focused Investors LLC boosted its stake in Northrop Grumman by 4.1% during the third quarter. Focused Investors LLC now owns 211,800 shares of the aerospace company’s stock valued at $129,054,000 after buying an additional 8,300 shares during the period. Merit Financial Group LLC boosted its stake 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 valued at $6,739,000 after buying an additional 4,721 shares during the period. Huntleigh Advisors Inc. bought a new stake in Northrop Grumman during the third quarter valued at $2,818,000. Oak Thistle LLC bought a new stake in Northrop Grumman during the third quarter worth about $1,015,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake in Northrop Grumman by 4.1% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 81,747 shares of the aerospace company’s stock worth $49,810,000 after purchasing an additional 3,215 shares during the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NOC has been the subject of several research analyst reports. Susquehanna reaffirmed a “positive” rating and set a $752.00 price target on shares of Northrop Grumman in a research note on Thursday, January 15th. Truist Financial reaffirmed a “hold” rating and set a $623.00 price target (down from $688.00) on shares of Northrop Grumman in a research note on Friday, January 9th. Citigroup lifted their price target on Northrop Grumman from $781.00 to $807.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Royal Bank Of Canada lifted their price target on Northrop Grumman from $715.00 to $750.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Finally, TD Cowen reiterated a “hold” rating on shares of Northrop Grumman in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Northrop Grumman has a consensus rating of “Moderate Buy” and an average target price of $708.65.

Insider Buying and Selling

In other news, CAO Michael A. Hardesty sold 147 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $732.98, for a total value of $107,748.06. Following the completion of the sale, the chief accounting officer directly owned 2,525 shares in the company, valued at $1,850,774.50. This represents a 5.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Benjamin R. Davies sold 2,189 shares of the stock in a transaction on 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 owned 151 shares of the company’s stock, valued at $108,661.11. The trade was a 93.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 22,431 shares of company stock valued at $15,924,404. Company insiders own 0.23% of the company’s stock.

Northrop Grumman Stock Performance

Shares of NOC opened at $696.63 on Tuesday. 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 business’s 50 day moving average price is $710.62 and its 200-day moving average price is $633.11. Northrop Grumman Corporation has a 52 week low of $450.13 and a 52 week high of $774.00. The stock has a market cap of $98.87 billion, a P/E ratio of 23.91, a P/E/G ratio of 5.21 and a beta of 0.04.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.97 by $0.26. The business had revenue of $11.71 billion for 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% on a year-over-year basis. During the same period in the prior year, the firm posted $6.39 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Equities research analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Monday, February 23rd were paid a $2.31 dividend. 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 dividend payout ratio is 31.72%.

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.