4,481 Shares in Northrop Grumman Corporation $NOC Purchased by Runnymede Capital Advisors Inc.

Runnymede Capital Advisors Inc. acquired a new position in Northrop Grumman Corporation (NYSE:NOC) in the 4th quarter, HoldingsChannel reports. The fund acquired 4,481 shares of the aerospace company’s stock, valued at approximately $2,555,000. Northrop Grumman accounts for about 1.5% of Runnymede Capital Advisors Inc.’s holdings, making the stock its 17th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Holocene Advisors LP bought a new stake in shares of Northrop Grumman in the third quarter valued at about $137,280,000. Bank of New York Mellon Corp grew its holdings in Northrop Grumman by 26.7% in the third quarter. Bank of New York Mellon Corp now owns 1,051,226 shares of the aerospace company’s stock worth $640,534,000 after purchasing an additional 221,431 shares during the last quarter. SG Americas Securities LLC grew its holdings in Northrop Grumman by 7,202.7% in the fourth quarter. SG Americas Securities LLC now owns 167,232 shares of the aerospace company’s stock worth $95,357,000 after purchasing an additional 164,942 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Northrop Grumman by 41.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 443,465 shares of the aerospace company’s stock worth $270,212,000 after purchasing an additional 129,352 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Northrop Grumman by 0.8% in the third quarter. Vanguard Group Inc. now owns 13,531,586 shares of the aerospace company’s stock worth $8,245,066,000 after purchasing an additional 109,941 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on NOC. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $727.00 price target on shares of Northrop Grumman in a report on Monday, January 12th. Truist Financial reissued a “hold” rating and set a $623.00 price objective (down from $688.00) on shares of Northrop Grumman in a report on Friday, January 9th. Vertical Research reissued a “hold” rating and set a $688.00 price objective on shares of Northrop Grumman in a report on Tuesday, January 27th. TD Cowen reissued a “hold” rating on shares of Northrop Grumman in a report on Wednesday, January 28th. Finally, UBS Group boosted their price objective on shares of Northrop Grumman from $777.00 to $778.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $708.65.

Northrop Grumman Stock Down 0.8%

NOC stock opened at $696.63 on Tuesday. The company has a market cap of $98.87 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 5.21 and a beta of 0.04. The company has a current ratio of 1.10, a quick ratio of 1.01 and a debt-to-equity ratio of 0.91. Northrop Grumman Corporation has a 12 month low of $450.13 and a 12 month high of $774.00. The firm has a 50-day moving average of $710.62 and a two-hundred day moving average of $633.11.

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

Northrop Grumman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Monday, February 23rd were issued a $2.31 dividend. The ex-dividend date was Monday, February 23rd. This represents a $9.24 dividend on an annualized basis and a yield of 1.3%. Northrop Grumman’s dividend payout ratio is presently 31.72%.

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $684.52, for a total value of $65,029.40. Following the completion of the sale, the director owned 4,203 shares in the company, valued at approximately $2,877,037.56. This represents a 2.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Benjamin R. Davies sold 2,189 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was 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 represents a 93.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 22,431 shares of company stock worth $15,924,404 in the last quarter. 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.