Simplicity Wealth LLC Takes $925,000 Position in Northrop Grumman Corporation $NOC

Simplicity Wealth LLC acquired a new position in shares of Northrop Grumman Corporation (NYSE:NOC) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,816 shares of the aerospace company’s stock, valued at approximately $925,000.

Other hedge funds have also modified their holdings of the company. Trivium Point Advisory LLC purchased a new stake in Northrop Grumman in the second quarter valued at approximately $1,156,000. Longfellow Investment Management Co. LLC acquired a new position in Northrop Grumman during the second quarter worth approximately $1,664,000. Old West Investment Management LLC acquired a new position in Northrop Grumman during the second quarter worth approximately $12,327,000. Chase Investment Counsel Corp purchased a new position in Northrop Grumman during the second quarter worth approximately $305,000. Finally, RW Investment Management LLC purchased a new position in Northrop Grumman during the second quarter worth approximately $242,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Price Performance

Shares of NYSE NOC opened at $585.18 on Monday. Northrop Grumman Corporation has a fifty-two week low of $479.02 and a fifty-two week high of $774.00. The business has a 50 day moving average price of $538.88 and a two-hundred day moving average price of $613.61. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. The firm has a market cap of $83.11 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 3.79 and a beta of -0.11.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.82 by $0.86. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The company had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same period in the previous year, the business earned $8.15 EPS. Northrop Grumman’s revenue for the quarter was up 5.1% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Sell-side analysts expect that Northrop Grumman Corporation will post 28.97 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, June 1st were issued a $2.47 dividend. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Monday, June 1st. Northrop Grumman’s dividend payout ratio is currently 31.39%.

Insider Buying and Selling

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $547.53, for a total transaction of $52,015.35. Following the transaction, the director directly owned 4,393 shares in the company, valued at $2,405,299.29. This represents a 2.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. Raymond James Financial reaffirmed an “outperform” rating on shares of Northrop Grumman in a research report on Monday, June 15th. Sanford C. Bernstein reissued a “market perform” rating and issued a $653.00 price objective on shares of Northrop Grumman in a research report on Wednesday, August 5th. Citigroup raised their target price on shares of Northrop Grumman from $617.00 to $667.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Robert W. Baird set a $500.00 target price on shares of Northrop Grumman in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $659.30.

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.