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

Global Retirement Partners LLC purchased a new position in Northrop Grumman Corporation (NYSE:NOCFree Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,725 shares of the aerospace company’s stock, valued at approximately $1,388,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NOC. Capital World Investors raised its holdings in Northrop Grumman by 39.4% during the 4th quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock valued at $1,958,151,000 after buying an additional 970,029 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Northrop Grumman in the second quarter worth about $376,135,000. J. Stern & Co. LLP lifted its stake in shares of Northrop Grumman by 56,920.9% in the 4th quarter. J. Stern & Co. LLP now owns 421,955 shares of the aerospace company’s stock valued at $240,603,000 after purchasing an additional 421,215 shares during the period. Jennison Associates LLC boosted its holdings in shares of Northrop Grumman by 272.8% during the 4th quarter. Jennison Associates LLC now owns 401,664 shares of the aerospace company’s stock valued at $229,033,000 after buying an additional 293,909 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Northrop Grumman by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock worth $7,835,097,000 after acquiring an additional 209,135 shares in the last quarter. Institutional investors own 83.40% of the company’s stock.

Insiders Place Their Bets

In related news, Director Mark A. Welsh III sold 95 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $547.53, for a total transaction of $52,015.35. Following the sale, the director owned 4,393 shares in the company, valued at approximately $2,405,299.29. This represents a 2.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

Northrop Grumman Stock Performance

NYSE:NOC opened at $570.59 on Tuesday. The stock’s 50 day simple moving average is $539.49 and its two-hundred day simple moving average is $612.84. Northrop Grumman Corporation has a 1 year low of $479.02 and a 1 year high of $774.00. The company 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. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on NOC shares. BTIG Research reissued a “buy” rating and issued a $815.00 target price on shares of Northrop Grumman in a report on Wednesday, April 22nd. Citigroup lifted their target price on shares of Northrop Grumman from $617.00 to $667.00 and gave the stock a “buy” rating in a research report on Thursday. Jefferies Financial Group cut their price target on Northrop Grumman from $620.00 to $580.00 and set a “hold” rating for the company in a research note on Friday, June 26th. JPMorgan Chase & Co. reduced their price objective on Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. Finally, The Goldman Sachs Group reduced their target price on shares of Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $659.30.

Read Our Latest Analysis on Northrop Grumman

Northrop Grumman Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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