Northrop Grumman Corporation $NOC Shares Purchased by Marietta Wealth Management LLC

Marietta Wealth Management LLC lifted its stake in Northrop Grumman Corporation (NYSE:NOC) by 31.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,563 shares of the aerospace company’s stock after buying an additional 2,043 shares during the period. Marietta Wealth Management LLC’s holdings in Northrop Grumman were worth $5,218,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC boosted its stake in shares of Northrop Grumman by 176.3% during the fourth quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock worth $1,394,000 after buying an additional 1,895 shares during the period. Bison Wealth LLC raised its position in Northrop Grumman by 5.3% during the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock worth $301,000 after buying an additional 32 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of Northrop Grumman by 16.5% in the 1st quarter. Baird Financial Group Inc. now owns 22,436 shares of the aerospace company’s stock worth $11,488,000 after acquiring an additional 3,182 shares during the period. Focus Partners Advisor Solutions LLC boosted its holdings in shares of Northrop Grumman by 52.8% in the first quarter. Focus Partners Advisor Solutions LLC now owns 6,063 shares of the aerospace company’s stock valued at $3,105,000 after acquiring an additional 2,094 shares in the last quarter. Finally, EP Wealth Advisors LLC increased its stake in shares of Northrop Grumman by 17.7% during the first quarter. EP Wealth Advisors LLC now owns 22,774 shares of the aerospace company’s stock worth $11,660,000 after acquiring an additional 3,429 shares during the period. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Stock Down 0.6%

Northrop Grumman stock opened at $574.51 on Wednesday. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $640.90. The firm has a market capitalization of $81.99 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 4.97 and a beta of 0.05. The stock’s fifty day moving average is $570.32 and its two-hundred day moving average is $567.26. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 1.11.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, topping the consensus estimate of $6.43 by $1.24. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The business had revenue of $10.42 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same period in the previous year, the firm earned $7.00 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st were paid a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, December 1st. Northrop Grumman’s dividend payout ratio (DPR) is 33.24%.

Analyst Ratings Changes

A number of brokerages recently commented on NOC. Alembic Global Advisors upgraded shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $662.00 price objective for the company in a research report on Monday, December 15th. BNP Paribas Exane assumed coverage on Northrop Grumman in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $710.00 price target on the stock. Wall Street Zen upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. UBS Group upped their price target on shares of Northrop Grumman to $770.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $714.00 price objective on shares of Northrop Grumman in a research note on Tuesday, December 16th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $651.18.

Insider Activity

In related news, Director Mark A. Welsh III sold 97 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $564.08, for a total value of $54,715.76. Following the sale, the director owned 4,281 shares of the company’s stock, valued at approximately $2,414,826.48. This represents a 2.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.23% of the stock is owned by corporate insiders.

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.