Sandro Wealth Management LLC Makes New Investment in Northrop Grumman Corporation $NOC

Sandro Wealth Management LLC acquired a new stake in shares of Northrop Grumman Corporation (NYSE:NOC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,931 shares of the aerospace company’s stock, valued at approximately $983,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Northrop Grumman by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock worth $7,835,097,000 after acquiring an additional 209,135 shares during the period. Capital World Investors boosted its holdings in Northrop Grumman by 39.4% in the fourth quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock valued at $1,958,151,000 after acquiring an additional 970,029 shares during the last quarter. Geode Capital Management LLC increased its position in Northrop Grumman by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 3,149,478 shares of the aerospace company’s stock valued at $1,793,478,000 after purchasing an additional 17,948 shares during the period. Franklin Resources Inc. raised its holdings in Northrop Grumman by 4.3% during the 4th quarter. Franklin Resources Inc. now owns 3,125,139 shares of the aerospace company’s stock worth $1,781,986,000 after purchasing an additional 128,855 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Northrop Grumman by 3.9% during the 4th quarter. Invesco Ltd. now owns 1,666,517 shares of the aerospace company’s stock worth $950,265,000 after purchasing an additional 62,817 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Citigroup boosted their target price on shares of Northrop Grumman from $617.00 to $667.00 and gave the company a “buy” rating in a report on Thursday. UBS Group increased their price target on Northrop Grumman from $666.00 to $685.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Raymond James Financial reissued an “outperform” rating on shares of Northrop Grumman in a research report on Monday, June 15th. Wells Fargo & Company reissued an “overweight” rating and issued a $620.00 price objective on shares of Northrop Grumman in a research note on Wednesday, July 8th. Finally, Morgan Stanley set a $745.00 target price on Northrop Grumman in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $659.30.

Northrop Grumman Stock Up 1.8%

Shares of NYSE NOC opened at $585.18 on Friday. The stock has a market capitalization of $83.12 billion, a P/E ratio of 18.59, a P/E/G ratio of 3.79 and a beta of -0.11. The company has a 50-day moving average price of $538.88 and a 200-day moving average price of $613.93. Northrop Grumman Corporation has a 1 year low of $479.02 and a 1 year high of $774.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.82 by $0.86. The business had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.80 billion. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.Northrop Grumman’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, equities research analysts forecast that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st were paid a $2.47 dividend. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date was Monday, June 1st. This represents a $9.88 dividend on an annualized basis and a yield of 1.7%. Northrop Grumman’s dividend payout ratio is currently 31.39%.

Insider Transactions at Northrop Grumman

In related news, Director Mark A. Welsh III sold 95 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $547.53, for a total value of $52,015.35. Following the transaction, the director directly owned 4,393 shares of the company’s stock, valued at approximately $2,405,299.29. The trade was a 2.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by company insiders.

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.