111 Capital Acquires New Holdings in Northrop Grumman Corporation $NOC

111 Capital bought a new stake in Northrop Grumman Corporation (NYSE:NOC) in the 3rd quarter, Holdings Channel.com reports. The fund bought 1,814 shares of the aerospace company’s stock, valued at approximately $1,105,000.

Other large investors also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. grew its position in Northrop Grumman by 200.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 32 shares in the last quarter. Parvin Asset Management LLC acquired a new stake in shares of Northrop Grumman during the second quarter worth about $25,000. Hopwood Financial Services Inc. purchased a new position in shares of Northrop Grumman in the third quarter valued at approximately $30,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Northrop Grumman in the second quarter valued at approximately $31,000. Finally, NewSquare Capital LLC increased its stake 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 during the period. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on NOC. Susquehanna reissued a “positive” rating and set a $752.00 target price on shares of Northrop Grumman in a research note on Thursday, January 15th. Truist Financial reissued a “hold” rating and set a $623.00 price objective (down from $688.00) on shares of Northrop Grumman in a research report on Friday, January 9th. Weiss Ratings restated a “buy (b)” rating on shares of Northrop Grumman in a research note on Wednesday, December 24th. Morgan Stanley reiterated an “overweight” rating and issued a $765.00 price target on shares of Northrop Grumman in a research note on Wednesday, January 28th. Finally, Argus set a $785.00 price target on shares of Northrop Grumman in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Northrop Grumman has an average rating of “Moderate Buy” and an average price target of $693.60.

Northrop Grumman Stock Performance

NYSE NOC opened at $725.81 on Monday. The firm has a market cap of $103.01 billion, a P/E ratio of 24.92, a P/E/G ratio of 5.38 and a beta of 0.03. Northrop Grumman Corporation has a 52-week low of $450.13 and a 52-week high of $745.55. The business’s 50-day moving average price is $657.85 and its 200 day moving average price is $608.68. The company has a quick ratio of 1.01, a current ratio of 1.10 and a debt-to-equity ratio of 0.91.

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

Northrop Grumman Dividend Announcement

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

Insiders Place Their Bets

In related news, CAO Michael A. Hardesty sold 147 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $732.98, for a total value of $107,748.06. Following the sale, the chief accounting officer directly owned 2,525 shares of the company’s stock, valued at approximately $1,850,774.50. This represents a 5.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $684.52, for a total value of $65,029.40. Following the transaction, the director owned 4,203 shares of the company’s stock, valued at $2,877,037.56. This represents a 2.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 32,431 shares of company stock worth $21,969,404. 0.23% of the stock is owned by insiders.

About Northrop Grumman

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.