Sandro Wealth Management LLC Purchases Shares of 1,931 Northrop Grumman Corporation $NOC

Sandro Wealth Management LLC bought a new position in shares of Northrop Grumman Corporation (NYSE:NOC) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 1,931 shares of the aerospace company’s stock, valued at approximately $983,000.

A number of other institutional investors have also added to or reduced their stakes in NOC. Torren Management LLC bought a new position in shares of Northrop Grumman in the fourth quarter worth approximately $26,000. Karpus Management Inc. bought a new stake in Northrop Grumman during the fourth quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in Northrop Grumman during the fourth quarter valued at approximately $29,000. Perkins Coie Trust Co purchased a new position in Northrop Grumman in the 2nd quarter worth approximately $29,000. Finally, Motiv8 Investments LLC bought a new position in shares of Northrop Grumman in the 4th quarter worth $30,000. 83.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Robert W. Baird set a $500.00 target price on Northrop Grumman in a research note on Wednesday, July 22nd. TD Cowen cut their price objective on Northrop Grumman from $580.00 to $550.00 and set a “hold” rating for the company in a report on Wednesday, July 22nd. Jefferies Financial Group reduced their price objective on Northrop Grumman from $620.00 to $580.00 and set a “hold” rating on the stock in a research report on Friday, June 26th. Wall Street Zen downgraded Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, The Goldman Sachs Group cut their target price on Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Northrop Grumman currently has an average rating of “Moderate Buy” and a consensus price target of $659.30.

Insiders Place Their Bets

In related news, Director Mark A. Welsh III sold 95 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $547.53, for a total transaction of $52,015.35. Following the transaction, the director directly owned 4,393 shares in the company, valued at $2,405,299.29. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by corporate insiders.

Northrop Grumman Stock Performance

Northrop Grumman stock opened at $585.18 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $83.12 billion, a PE ratio of 18.59, a P/E/G ratio of 3.79 and a beta of -0.11. The firm has a fifty day simple moving average of $538.88 and a two-hundred day simple moving average of $613.93. Northrop Grumman Corporation has a twelve month low of $479.02 and a twelve month high of $774.00.

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

Northrop Grumman Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, June 1st were issued a dividend of $2.47 per share. The ex-dividend date was Monday, June 1st. This represents a $9.88 annualized dividend and a yield of 1.7%. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s dividend payout ratio (DPR) is currently 31.39%.

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.