Financial Planning Hawaii Inc. Makes New Investment in Northrop Grumman Corporation $NOC

Financial Planning Hawaii Inc. bought a new stake in Northrop Grumman Corporation (NYSE:NOC) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 1,455 shares of the aerospace company’s stock, valued at approximately $830,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Northrop Grumman by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 13,531,586 shares of the aerospace company’s stock worth $8,245,066,000 after acquiring an additional 109,941 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Northrop Grumman by 2.2% during the third quarter. Franklin Resources Inc. now owns 2,996,284 shares of the aerospace company’s stock valued at $1,825,696,000 after purchasing an additional 63,223 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Northrop Grumman by 0.3% during the third quarter. Ameriprise Financial Inc. now owns 1,624,658 shares of the aerospace company’s stock worth $990,046,000 after purchasing an additional 4,844 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Northrop Grumman by 26.7% in the third quarter. Bank of New York Mellon Corp now owns 1,051,226 shares of the aerospace company’s stock worth $640,534,000 after purchasing an additional 221,431 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Northrop Grumman by 4.1% in the third quarter. Legal & General Group Plc now owns 746,585 shares of the aerospace company’s stock valued at $454,909,000 after purchasing an additional 29,478 shares during the period. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Northrop Grumman in a research note on Monday, March 23rd. Susquehanna reissued a “positive” rating and set a $752.00 target price on shares of Northrop Grumman in a report on Thursday, January 15th. Citigroup increased their target price on Northrop Grumman from $715.00 to $781.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Royal Bank Of Canada raised their price target on Northrop Grumman from $715.00 to $750.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $727.00 price target on shares of Northrop Grumman in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $693.60.

Northrop Grumman Price Performance

Shares of NYSE:NOC opened at $669.87 on Tuesday. The company has a 50 day moving average of $707.39 and a 200 day moving average of $628.86. The company has a current ratio of 1.10, a quick ratio of 1.01 and a debt-to-equity ratio of 0.91. The stock has a market cap of $95.07 billion, a P/E ratio of 23.00, a P/E/G ratio of 5.04 and a beta of 0.03. Northrop Grumman Corporation has a 12 month low of $450.13 and a 12 month high of $774.00.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $11.61 billion. During the same period in the prior year, the company posted $6.39 EPS. The business’s revenue for the quarter 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. As a group, sell-side analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

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

Insiders Place Their Bets

In related news, 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 sale, the director owned 4,203 shares of the company’s stock, valued at approximately $2,877,037.56. This trade represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Michael A. Hardesty sold 147 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $732.98, for a total value of $107,748.06. Following the completion of the transaction, the chief accounting officer owned 2,525 shares in the company, valued at $1,850,774.50. This represents a 5.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 32,431 shares of company stock worth $21,969,404 over the last three months. Corporate insiders own 0.23% of the company’s stock.

Northrop Grumman 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.