Mach 1 Financial Group LLC Invests $328,000 in Northrop Grumman Co. (NYSE:NOC)

20 Apr 2025, 07:42 by Teresa Graham · The Cerbat Gem

Mach 1 Financial Group LLC acquired a new position in shares of Northrop Grumman Co. (NYSE:NOC – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 698 shares of the aerospace company’s stock, valued at approximately $328,000.

A number of other hedge funds have also bought and sold shares of NOC. Vanguard Group Inc. increased its stake in shares of Northrop Grumman by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 12,677,781 shares of the aerospace company’s stock valued at $5,949,556,000 after acquiring an additional 56,807 shares in the last quarter. Capital International Investors grew its holdings in Northrop Grumman by 5.9% in the fourth quarter. Capital International Investors now owns 8,239,434 shares of the aerospace company’s stock worth $3,866,133,000 after purchasing an additional 461,307 shares during the period. Wellington Management Group LLP increased its stake in Northrop Grumman by 0.6% in the fourth quarter. Wellington Management Group LLP now owns 4,164,700 shares of the aerospace company’s stock valued at $1,954,452,000 after purchasing an additional 23,808 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Northrop Grumman by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 3,025,263 shares of the aerospace company’s stock valued at $1,417,850,000 after purchasing an additional 21,903 shares during the period. Finally, FMR LLC boosted its position in shares of Northrop Grumman by 4.1% during the 4th quarter. FMR LLC now owns 2,807,223 shares of the aerospace company’s stock worth $1,317,402,000 after purchasing an additional 109,308 shares in the last quarter. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Up 0.5 %

NOC stock opened at $539.96 on Friday. The stock has a market cap of $77.83 billion, a P/E ratio of 19.05, a P/E/G ratio of 3.73 and a beta of 0.20. The company has a current ratio of 1.01, a quick ratio of 0.91 and a debt-to-equity ratio of 0.96. The stock’s fifty day simple moving average is $488.43 and its two-hundred day simple moving average is $491.81. Northrop Grumman Co. has a 1-year low of $418.60 and a 1-year high of $555.57.

Northrop Grumman (NYSE:NOC – Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The aerospace company reported $6.39 earnings per share for the quarter, topping analysts’ consensus estimates of $6.27 by $0.12. Northrop Grumman had a net margin of 10.17% and a return on equity of 26.24%. Analysts expect that Northrop Grumman Co. will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd were paid a dividend of $2.06 per share. The ex-dividend date was Monday, March 3rd. This represents a $8.24 annualized dividend and a dividend yield of 1.53%. Northrop Grumman’s payout ratio is currently 29.08%.

Insider Activity at Northrop Grumman

In other news, CEO Kathy J. Warden sold 3,750 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $475.65, for a total value of $1,783,687.50. Following the sale, the chief executive officer now owns 212,852 shares of the company’s stock, valued at $101,243,053.80. The trade was a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Benjamin R. Davies sold 464 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $460.75, for a total transaction of $213,788.00. Following the completion of the transaction, the vice president now directly owns 245 shares of the company’s stock, valued at approximately $112,883.75. This trade represents a 65.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,505 shares of company stock worth $2,127,182. Insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Argus raised Northrop Grumman to a “strong-buy” rating in a research note on Wednesday, February 26th. Wells Fargo & Company lifted their price target on shares of Northrop Grumman from $545.00 to $547.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Susquehanna lowered their price objective on shares of Northrop Grumman from $625.00 to $557.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. UBS Group reduced their price objective on shares of Northrop Grumman from $579.00 to $558.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Wolfe Research raised shares of Northrop Grumman from an “underperform” rating to a “peer perform” rating in a research report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Northrop Grumman currently has a consensus rating of “Moderate Buy” and an average target price of $548.88.

Get Our Latest Research Report on Northrop Grumman

Northrop Grumman Profile

(Free Report)

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company’s Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.