Berman McAleer LLC Purchases New Stake in Northrop Grumman Corporation $NOC

Berman McAleer LLC purchased a new stake in shares of Northrop Grumman Corporation (NYSE:NOC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,430 shares of the aerospace company’s stock, valued at approximately $871,000.

Several other large investors also recently made changes to their positions in NOC. Coign Capital Advisors LLC lifted its holdings in shares of Northrop Grumman by 1.3% during the 2nd quarter. Coign Capital Advisors LLC now owns 1,294 shares of the aerospace company’s stock valued at $647,000 after acquiring an additional 17 shares in the last quarter. Howard Financial Services LTD. raised its position in Northrop Grumman by 1.5% in the third quarter. Howard Financial Services LTD. now owns 1,127 shares of the aerospace company’s stock valued at $687,000 after purchasing an additional 17 shares during the period. West Wealth Group LLC lifted its stake in shares of Northrop Grumman by 4.3% during the third quarter. West Wealth Group LLC now owns 412 shares of the aerospace company’s stock worth $251,000 after purchasing an additional 17 shares in the last quarter. King Luther Capital Management Corp boosted its position in shares of Northrop Grumman by 1.5% in the second quarter. King Luther Capital Management Corp now owns 1,243 shares of the aerospace company’s stock worth $621,000 after buying an additional 18 shares during the period. Finally, Chesley Taft & Associates LLC grew its stake in shares of Northrop Grumman by 1.3% in the third quarter. Chesley Taft & Associates LLC now owns 1,375 shares of the aerospace company’s stock valued at $838,000 after buying an additional 18 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Trading Down 0.4%

NYSE NOC opened at $692.54 on Friday. The company has a market capitalization of $98.28 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 5.09 and a beta of 0.05. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.10 and a quick ratio of 0.98. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $705.45. The company’s fifty day moving average price is $599.59 and its two-hundred day moving average price is $588.40.

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

Northrop Grumman Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Monday, December 1st were paid a dividend of $2.31 per share. The ex-dividend date was Monday, December 1st. This represents a $9.24 annualized dividend and a yield of 1.3%. Northrop Grumman’s dividend payout ratio is presently 31.72%.

Insider Buying and Selling

In related news, CEO Kathy J. Warden sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $600.00, for a total transaction of $4,200,000.00. Following the sale, the chief executive officer directly owned 194,602 shares of the company’s stock, valued at approximately $116,761,200. This represents a 3.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Welsh III sold 97 shares of the firm’s stock in a transaction 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 transaction, the director owned 4,281 shares in the company, valued at $2,414,826.48. This trade represents a 2.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 10,097 shares of company stock worth $6,099,716. 0.23% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. BTIG Research boosted their price target on Northrop Grumman from $680.00 to $815.00 and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank Of Canada upped their target price on shares of Northrop Grumman from $715.00 to $750.00 and gave the company an “outperform” rating in a research note on Wednesday. UBS Group lifted their price target on shares of Northrop Grumman from $777.00 to $778.00 and gave the stock a “buy” rating in a research note on Wednesday. Weiss Ratings reiterated a “buy (b)” rating on shares of Northrop Grumman in a report on Wednesday, December 24th. Finally, JPMorgan Chase & Co. raised their target price on Northrop Grumman from $575.00 to $640.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Northrop Grumman presently has an average rating of “Moderate Buy” and an average price target of $688.72.

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.