Cwm LLC Purchases 986 Shares of Northrop Grumman Corporation $NOC

Cwm LLC raised its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 9.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,958 shares of the aerospace company’s stock after acquiring an additional 986 shares during the quarter. Cwm LLC’s holdings in Northrop Grumman were worth $7,287,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parvin Asset Management LLC acquired a new position in Northrop Grumman during the second quarter worth $25,000. NewSquare Capital LLC lifted its position in Northrop Grumman by 75.0% during the 2nd quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after buying an additional 27 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Northrop Grumman during the 2nd quarter worth about $31,000. Flaharty Asset Management LLC bought a new position in shares of Northrop Grumman in the 1st quarter valued at about $36,000. Finally, AlphaQuest LLC increased its position in shares of Northrop Grumman by 29.2% in the second quarter. AlphaQuest LLC now owns 93 shares of the aerospace company’s stock valued at $46,000 after acquiring an additional 21 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NOC has been the subject of several recent research reports. Sanford C. Bernstein set a $696.00 price target on Northrop Grumman in a research report on Thursday, October 23rd. Truist Financial upped their price objective on Northrop Grumman from $625.00 to $688.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Wall Street Zen raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. BTIG Research boosted their target price on shares of Northrop Grumman from $630.00 to $680.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Finally, BNP Paribas raised shares of Northrop Grumman to a “strong-buy” rating in a research report on Tuesday, November 18th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $651.18.

Northrop Grumman Stock Down 0.6%

NOC stock opened at $574.51 on Wednesday. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $640.90. The business’s 50 day simple moving average is $570.32 and its 200 day simple moving average is $567.26. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $81.99 billion, a PE ratio of 20.67, a PEG ratio of 4.97 and a beta of 0.05.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.43 by $1.24. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The business had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter last year, the firm posted $7.00 EPS. The company’s quarterly revenue was up 4.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, research analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, December 1st were paid a $2.31 dividend. The ex-dividend date was Monday, December 1st. This represents a $9.24 dividend on an annualized basis and a yield of 1.6%. Northrop Grumman’s dividend payout ratio is 33.24%.

Insiders Place Their Bets

In other Northrop Grumman news, Director Mark A. Welsh III sold 97 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $564.08, for a total value of $54,715.76. Following the transaction, the director directly owned 4,281 shares of the company’s stock, valued at $2,414,826.48. This represents a 2.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

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.