Money Concepts Capital Corp Acquires 1,570 Shares of Northrop Grumman Corporation $NOC

Money Concepts Capital Corp boosted its holdings in Northrop Grumman Corporation (NYSE:NOC) by 156.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,572 shares of the aerospace company’s stock after acquiring an additional 1,570 shares during the quarter. Money Concepts Capital Corp’s holdings in Northrop Grumman were worth $1,567,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Parvin Asset Management LLC bought a new stake in shares of Northrop Grumman in the 2nd quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Northrop Grumman in the 2nd quarter valued at $31,000. NewSquare Capital LLC grew its position in Northrop Grumman by 75.0% in the second quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 27 shares during the period. Manning & Napier Advisors LLC bought a new stake in Northrop Grumman in the third quarter valued at $42,000. Finally, AlphaQuest LLC raised its stake in Northrop Grumman by 29.2% during the second quarter. AlphaQuest LLC now owns 93 shares of the aerospace company’s stock worth $46,000 after acquiring an additional 21 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

NOC stock opened at $685.00 on Tuesday. The company has a 50 day moving average price of $601.97 and a 200 day moving average price of $590.52. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $705.45. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.10 and a quick ratio of 1.01. The stock has a market capitalization of $97.22 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 5.14 and a beta of 0.04.

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

Northrop Grumman Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NOC. Royal Bank Of Canada boosted 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, January 28th. UBS Group boosted their price target on shares of Northrop Grumman from $777.00 to $778.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Alembic Global Advisors raised shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $662.00 price objective for the company in a report on Monday, December 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Northrop Grumman in a research note on Wednesday, December 24th. Finally, Jefferies Financial Group increased their price target on Northrop Grumman from $630.00 to $690.00 and gave the stock a “hold” rating in a research report on Sunday. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $688.79.

Insider Activity at Northrop Grumman

In other news, CEO Kathy J. Warden sold 3,000 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $615.00, for a total value of $1,845,000.00. Following the sale, the chief executive officer directly owned 191,602 shares of the company’s stock, valued at approximately $117,835,230. This represents a 1.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Welsh III sold 97 shares of Northrop Grumman stock in a transaction on Monday, November 24th. The stock was sold at an average price of $564.08, for a total transaction of $54,715.76. Following the transaction, the director directly owned 4,281 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 10,097 shares of company stock worth $6,099,716 in the last 90 days. Company insiders own 0.23% of the company’s stock.

Northrop Grumman Company 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.