4,652 Shares in Northrop Grumman Corporation $NOC Purchased by North Dakota State Investment Board

North Dakota State Investment Board purchased a new position in Northrop Grumman Corporation (NYSE:NOC) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 4,652 shares of the aerospace company’s stock, valued at approximately $2,653,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Life Planners bought a new stake in Northrop Grumman during the 3rd quarter valued at about $27,000. Torren Management LLC bought a new stake in Northrop Grumman during the 4th quarter valued at about $26,000. Physician Wealth Advisors Inc. increased its stake in Northrop Grumman by 200.0% during 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 in the last quarter. Hopwood Financial Services Inc. bought a new stake in Northrop Grumman during the 3rd quarter valued at about $30,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Northrop Grumman during the 4th quarter valued at about $29,000. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Stock Performance

Shares of NYSE NOC opened at $551.44 on Tuesday. The firm’s 50-day moving average price is $651.74 and its 200-day moving average price is $633.56. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. The company has a market cap of $78.32 billion, a PE ratio of 17.26, a PEG ratio of 3.69 and a beta of -0.11. Northrop Grumman Corporation has a 52-week low of $468.29 and a 52-week high of $774.00.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.06 by $0.08. The firm had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.75 billion. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm posted $6.06 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, analysts anticipate that Northrop Grumman Corporation will post 27.92 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NOC shares. Jefferies Financial Group set a $660.00 price objective on shares of Northrop Grumman in a research note on Sunday, April 26th. UBS Group reduced their price objective on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Vertical Research restated a “hold” rating and set a $688.00 price objective on shares of Northrop Grumman in a research note on Tuesday, January 27th. Citigroup reduced their price objective on shares of Northrop Grumman from $742.00 to $628.00 and set a “buy” rating for the company in a research note on Monday. Finally, Bank of America raised their price objective on shares of Northrop Grumman from $685.00 to $750.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Northrop Grumman currently has a consensus rating of “Moderate Buy” and a consensus target price of $704.74.

Insider Transactions at Northrop Grumman

In other news, VP Benjamin R. Davies sold 2,189 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were 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 of the company’s stock, valued at $108,661.11. This trade represents a 93.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Michael A. Hardesty sold 147 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $732.98, for a total transaction of $107,748.06. Following the completion of the transaction, the chief accounting officer directly owned 2,525 shares in the company, valued at approximately $1,850,774.50. The trade was a 5.50% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.21% of the company’s stock.

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.