Perigon Wealth Management LLC Raises Holdings in Northrop Grumman Corporation $NOC

Perigon Wealth Management LLC increased its position in Northrop Grumman Corporation (NYSE:NOC) by 65.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,706 shares of the aerospace company’s stock after buying an additional 1,864 shares during the quarter. Perigon Wealth Management LLC’s holdings in Northrop Grumman were worth $2,683,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of NOC. Parvin Asset Management LLC purchased a new position in shares of Northrop Grumman during the second quarter valued at approximately $25,000. Financial Life Planners purchased a new stake in Northrop Grumman in the third quarter worth $27,000. Physician Wealth Advisors Inc. boosted its holdings in Northrop Grumman by 200.0% in the third 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. Hopwood Financial Services Inc. bought a new stake in Northrop Grumman in the third quarter valued at $30,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Northrop Grumman during the 2nd quarter valued at $31,000. Institutional investors own 83.40% of the company’s stock.

Analyst Ratings Changes

NOC has been the subject of several research reports. Morgan Stanley restated an “overweight” rating and issued a $765.00 price objective on shares of Northrop Grumman in a report on Wednesday, January 28th. TD Cowen reiterated a “hold” rating on shares of Northrop Grumman in a research report on Wednesday, January 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Northrop Grumman in a research note on Monday, March 23rd. Royal Bank Of Canada raised their price objective on shares of Northrop Grumman from $715.00 to $750.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Finally, Citigroup lifted their price objective on Northrop Grumman from $781.00 to $807.00 and gave the company a “buy” rating in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Northrop Grumman presently has an average rating of “Moderate Buy” and an average price target of $708.65.

Northrop Grumman Stock Up 0.2%

Shares of Northrop Grumman stock opened at $703.88 on Friday. The company has a 50-day simple moving average of $709.88 and a two-hundred day simple moving average of $631.86. The stock has a market capitalization of $99.89 billion, a PE ratio of 24.16, a price-to-earnings-growth ratio of 5.21 and a beta of 0.04. Northrop Grumman Corporation has a 52-week low of $450.13 and a 52-week high of $774.00. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.01 and a current ratio of 1.10.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share for the quarter, topping analysts’ consensus estimates of $6.97 by $0.26. The company 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%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period 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, analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Monday, February 23rd were given a dividend of $2.31 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $9.24 annualized dividend and a dividend yield of 1.3%. Northrop Grumman’s dividend payout ratio is presently 31.72%.

Insider Buying and Selling

In related news, CAO Michael A. Hardesty sold 147 shares of Northrop Grumman stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $732.98, for a total transaction of $107,748.06. Following the sale, the chief accounting officer owned 2,525 shares of the company’s stock, valued at approximately $1,850,774.50. This trade represents a 5.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Benjamin R. Davies sold 2,189 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $719.61, for a total value of $1,575,226.29. Following the completion of the transaction, the vice president directly owned 151 shares in the company, valued at approximately $108,661.11. This represents a 93.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 32,431 shares of company stock valued at $21,969,404. Company insiders own 0.23% of the company’s stock.

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.