Northrop Grumman Corporation $NOC Position Decreased by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC lowered its holdings in Northrop Grumman Corporation (NYSE:NOC) by 7.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,215 shares of the aerospace company’s stock after selling 749 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Northrop Grumman were worth $5,255,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Financial Life Planners acquired a new stake in Northrop Grumman during the third quarter valued at approximately $27,000. Physician Wealth Advisors Inc. grew its position in Northrop Grumman by 200.0% in the third quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock worth $29,000 after buying an additional 32 shares during the last quarter. Parvin Asset Management LLC bought a new position in shares of Northrop Grumman in the second quarter valued at $25,000. Hopwood Financial Services Inc. bought a new position in shares of Northrop Grumman in the third quarter valued at $30,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Northrop Grumman during the 3rd quarter valued at $32,000. 83.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NOC has been the subject of several research reports. Vertical Research reissued a “hold” rating and set a $688.00 price objective on shares of Northrop Grumman in a research note on Tuesday, January 27th. Susquehanna reaffirmed a “positive” rating and set a $752.00 target price on shares of Northrop Grumman in a research report on Thursday, January 15th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $727.00 target price on shares of Northrop Grumman in a report on Monday, January 12th. Royal Bank Of Canada increased their price target on Northrop Grumman from $715.00 to $750.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $765.00 price target on shares of Northrop Grumman in a research note on Wednesday, January 28th. 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $693.60.

Insider Activity

In related news, CEO Kathy J. Warden sold 20,000 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $708.82, for a total value of $14,176,400.00. Following the transaction, the chief executive officer directly owned 171,602 shares in the company, valued at approximately $121,634,929.64. This trade represents a 10.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $684.52, for a total transaction of $65,029.40. Following the completion of the transaction, the director owned 4,203 shares in the company, valued at $2,877,037.56. This trade represents a 2.21% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 32,431 shares of company stock worth $21,969,404. 0.23% of the stock is owned by company insiders.

Northrop Grumman Trading Up 0.2%

Shares of NYSE:NOC opened at $681.67 on Wednesday. The firm has a fifty day moving average of $705.58 and a two-hundred day moving average of $625.92. 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 Corporation has a 12-month low of $450.13 and a 12-month high of $774.00. The firm has a market capitalization of $96.74 billion, a P/E ratio of 23.40, a price-to-earnings-growth ratio of 5.05 and a beta of 0.03.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.97 by $0.26. The business had revenue of $11.71 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.39 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, equities analysts expect that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Monday, February 23rd were given a $2.31 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.4%. Northrop Grumman’s dividend payout ratio (DPR) is currently 31.72%.

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.