Perigon Wealth Management LLC Takes Position in Northrop Grumman Corporation $NOC

Perigon Wealth Management LLC purchased a new position in shares of Northrop Grumman Corporation (NYSE:NOC) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 4,810 shares of the aerospace company’s stock, valued at approximately $2,450,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of NOC. Financial Life Planners bought a new position in shares of Northrop Grumman during the 1st quarter worth approximately $30,000. Torren Management LLC acquired a new stake in Northrop Grumman during the 4th quarter valued at $26,000. Karpus Management Inc. bought a new position in Northrop Grumman during the fourth quarter worth $26,000. Whipplewood Advisors LLC boosted its position in Northrop Grumman by 380.0% during the first quarter. Whipplewood Advisors LLC now owns 48 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 38 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Northrop Grumman during the 4th quarter worth about $29,000. Institutional investors own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

NOC has been the topic of several research analyst reports. Sanford C. Bernstein reissued a “market perform” rating and issued a $653.00 price target on shares of Northrop Grumman in a report on Wednesday, August 5th. Citigroup upped their target price on Northrop Grumman from $617.00 to $667.00 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. dropped their price target on Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating for the company in a report on Thursday, July 23rd. Weiss Ratings downgraded Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Finally, Wall Street Zen lowered Northrop Grumman from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $659.30.

Northrop Grumman Price Performance

Shares of NYSE NOC opened at $570.59 on Tuesday. The stock has a market capitalization of $81.04 billion, a PE ratio of 18.13, a P/E/G ratio of 3.79 and a beta of -0.11. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06. The business has a fifty day moving average price of $539.49 and a two-hundred day moving average price of $612.84. Northrop Grumman Corporation has a fifty-two week low of $479.02 and a fifty-two week high of $774.00.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, beating the consensus estimate of $6.82 by $0.86. The business had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The company’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, equities analysts predict that Northrop Grumman Corporation will post 28.97 earnings per share for the current fiscal year.

Insider Activity at Northrop Grumman

In other news, Director Mark A. Welsh III sold 95 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $547.53, for a total value of $52,015.35. Following the completion of the transaction, the director owned 4,393 shares of the company’s stock, valued at approximately $2,405,299.29. This represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% 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.