Tred Avon Family Wealth LLC Acquires Shares of 1,483 Northrop Grumman Corporation $NOC

Tred Avon Family Wealth LLC acquired a new stake in shares of Northrop Grumman Corporation (NYSE:NOC) in the 3rd quarter, HoldingsChannel reports. The fund acquired 1,483 shares of the aerospace company’s stock, valued at approximately $903,000.

Several other large investors also recently modified their holdings of NOC. Parvin Asset Management LLC bought a new position in Northrop Grumman during the 2nd quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Northrop Grumman during the second quarter valued at approximately $31,000. NewSquare Capital LLC raised its holdings in shares of Northrop Grumman by 75.0% during the second quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 27 shares in the last quarter. Manning & Napier Advisors LLC purchased a new stake in Northrop Grumman in the third quarter worth $42,000. Finally, AlphaQuest LLC boosted its holdings in Northrop Grumman by 29.2% in the second quarter. AlphaQuest LLC now owns 93 shares of the aerospace company’s stock valued at $46,000 after acquiring an additional 21 shares in the last quarter. 83.40% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Northrop Grumman news, Director Mark A. Welsh III sold 97 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $564.08, for a total transaction of $54,715.76. Following the sale, the director directly owned 4,281 shares in the company, valued at approximately $2,414,826.48. This trade represents a 2.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kathy J. Warden sold 3,000 shares of the business’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $615.00, for a total value of $1,845,000.00. Following the completion of the transaction, the chief executive officer owned 191,602 shares of the company’s stock, valued at $117,835,230. This represents a 1.54% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 10,097 shares of company stock worth $6,099,716. Corporate insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on NOC shares. BNP Paribas upgraded shares of Northrop Grumman to a “strong-buy” rating in a report on Tuesday, November 18th. Truist Financial restated a “hold” rating and issued a $623.00 price objective (down from $688.00) on shares of Northrop Grumman in a report on Friday, January 9th. Susquehanna reissued a “positive” rating and issued a $752.00 target price on shares of Northrop Grumman in a research report on Thursday. BNP Paribas Exane initiated coverage on Northrop Grumman in a research report on Tuesday, November 18th. They set an “outperform” rating and a $710.00 price target on the stock. Finally, UBS Group raised their price objective on Northrop Grumman from $770.00 to $777.00 and gave the company a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Northrop Grumman presently has a consensus rating of “Moderate Buy” and a consensus target price of $656.82.

Northrop Grumman Stock Performance

Northrop Grumman stock opened at $667.02 on Friday. Northrop Grumman Corporation has a twelve month low of $426.24 and a twelve month high of $669.68. The company has a quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $95.20 billion, a P/E ratio of 23.99, a PEG ratio of 5.41 and a beta of 0.05. The stock’s 50 day moving average is $577.39 and its 200 day moving average is $577.36.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, topping the consensus estimate of $6.43 by $1.24. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The business had revenue of $10.42 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same period in the previous year, the company posted $7.00 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, equities research analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st were paid a $2.31 dividend. This represents a $9.24 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, December 1st. Northrop Grumman’s dividend payout ratio is currently 33.24%.

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.