Global Retirement Partners LLC Invests $1.39 Million in Northrop Grumman Corporation $NOC

Global Retirement Partners LLC acquired a new stake in shares of Northrop Grumman Corporation (NYSE:NOC) in the second quarter, Holdings Channel reports. The firm acquired 2,725 shares of the aerospace company’s stock, valued at approximately $1,388,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. 1ST Source Bank bought a new stake in shares of Northrop Grumman in the second quarter valued at about $495,000. Fielder Capital Group LLC purchased a new stake in Northrop Grumman during the second quarter valued at approximately $378,000. SCS Capital Management LLC purchased a new stake in shares of Northrop Grumman during the 2nd quarter valued at $367,000. Bank of New York Mellon Corp purchased a new stake in Northrop Grumman in the second quarter valued at about $376,135,000. Finally, Sandro Wealth Management LLC purchased a new position in shares of Northrop Grumman in the 2nd quarter valued at approximately $983,000. 83.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NOC. Robert W. Baird set a $500.00 target price on Northrop Grumman in a research note on Wednesday, July 22nd. BTIG Research reiterated a “buy” rating and issued a $815.00 target price on shares of Northrop Grumman in a research note on Wednesday, April 22nd. Citigroup upped their price target on Northrop Grumman from $617.00 to $667.00 and gave the stock a “buy” rating in a report on Thursday. TD Cowen decreased their price objective on shares of Northrop Grumman from $580.00 to $550.00 and set a “hold” rating on the stock in a report on Wednesday, July 22nd. Finally, Raymond James Financial restated an “outperform” rating on shares of Northrop Grumman in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $659.30.

Insider Activity

In other news, Director Mark A. Welsh III sold 95 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $547.53, for a total transaction of $52,015.35. Following the completion of the transaction, the director directly owned 4,393 shares of the company’s stock, valued at approximately $2,405,299.29. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

Northrop Grumman Price Performance

NOC opened at $570.59 on Tuesday. The firm has a market cap of $81.04 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 3.79 and a beta of -0.11. Northrop Grumman Corporation has a 12-month low of $479.02 and a 12-month high of $774.00. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The stock’s 50-day moving average price is $539.49 and its 200 day moving average price is $612.84.

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

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.