Tred Avon Family Wealth LLC Invests $903,000 in Northrop Grumman Corporation $NOC

Tred Avon Family Wealth LLC purchased a new position in Northrop Grumman Corporation (NYSE:NOC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,483 shares of the aerospace company’s stock, valued at approximately $903,000.

Other large investors have also added to or reduced their stakes in the company. Parvin Asset Management LLC purchased a new position in Northrop Grumman in the second quarter valued at about $25,000. NewSquare Capital LLC raised its holdings in shares of Northrop Grumman by 75.0% in the 2nd quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 27 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Northrop Grumman in the 2nd quarter worth approximately $31,000. Manning & Napier Advisors LLC purchased a new position in Northrop Grumman in the third quarter valued at approximately $42,000. Finally, AlphaQuest LLC increased its position in Northrop Grumman by 29.2% in the second quarter. AlphaQuest LLC now owns 93 shares of the aerospace company’s stock worth $46,000 after buying an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NOC shares. BNP Paribas raised Northrop Grumman to a “strong-buy” rating in a research report on Tuesday, November 18th. Alembic Global Advisors upgraded shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $662.00 target price for the company in a research note on Monday, December 15th. Sanford C. Bernstein restated a “market perform” rating and set a $727.00 price target on shares of Northrop Grumman in a research note on Monday, January 12th. Deutsche Bank Aktiengesellschaft set a $700.00 price objective on shares of Northrop Grumman and gave the stock a “buy” rating in a report on Wednesday, October 8th. Finally, BTIG Research boosted their target price on shares of Northrop Grumman from $630.00 to $680.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $656.82.

Northrop Grumman Stock Up 1.9%

Shares of NYSE:NOC opened at $667.02 on Friday. The firm has a fifty day moving average price of $577.39 and a two-hundred day moving average price of $577.36. The company has a market cap of $95.20 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 5.41 and a beta of 0.05. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 0.98. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $669.68.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, topping analysts’ consensus estimates of $6.43 by $1.24. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The firm had revenue of $10.42 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the prior year, the firm earned $7.00 EPS. The business’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. Analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st were issued 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, December 1st. Northrop Grumman’s dividend payout ratio is presently 33.24%.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, Director Mark A. Welsh III sold 97 shares of Northrop Grumman stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $564.08, for a total value of $54,715.76. Following the transaction, the director directly owned 4,281 shares of the company’s stock, valued at $2,414,826.48. The trade was a 2.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kathy J. Warden sold 7,000 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $600.00, for a total value of $4,200,000.00. Following the sale, the chief executive officer directly owned 194,602 shares of the company’s stock, valued at approximately $116,761,200. This trade represents a 3.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 10,097 shares of company stock worth $6,099,716 over the last ninety days. 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.