Representative Josh Gottheimer (D-New Jersey) recently sold shares of Northrop Grumman Co. NYSE: NOC. In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Northrop Grumman stock on April 9th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.
Representative Josh Gottheimer also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of RTX NYSE: RTX on 4/23/2025.
- Purchased $1,001 - $15,000 in shares of Cheniere Energy NYSE: LNG on 4/22/2025.
- Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 4/21/2025.
- Purchased $1,001 - $15,000 in shares of Tri Pointe Homes NYSE: TPH on 4/21/2025.
- Purchased $1,001 - $15,000 in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk NYSE: TLK on 4/21/2025.
- Sold $1,001 - $15,000 in shares of KKR & Co. Inc. NYSE: KKR on 4/21/2025.
- Purchased $1,001 - $15,000 in shares of D.R. Horton NYSE: DHI on 4/21/2025.
- Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 4/21/2025.
- Sold $1,001 - $15,000 in shares of Hillman Solutions NASDAQ: HLMN on 4/17/2025.
- Sold $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 4/17/2025.
Northrop Grumman Price Performance
Shares of NYSE:NOC opened at $469.92 on Friday. The firm has a market cap of $67.63 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of 3.73 and a beta of 0.15. The firm has a fifty day moving average price of $496.97 and a 200 day moving average price of $485.99. Northrop Grumman Co. has a fifty-two week low of $418.60 and a fifty-two week high of $555.57. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.91 and a current ratio of 1.01.
Northrop Grumman (NYSE:NOC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $6.06 EPS for the quarter, missing the consensus estimate of $6.33 by ($0.27). Northrop Grumman had a return on equity of 26.24% and a net margin of 10.17%. The company had revenue of $9.47 billion during the quarter, compared to analysts' expectations of $10.07 billion. As a group, sell-side analysts expect that Northrop Grumman Co. will post 28.05 earnings per share for the current fiscal year.
Northrop Grumman Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd were issued a $2.06 dividend. This represents a $8.24 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Monday, March 3rd. Northrop Grumman's dividend payout ratio (DPR) is presently 32.52%.
Insider Transactions at Northrop Grumman
In other Northrop Grumman news, VP Benjamin R. Davies sold 464 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $460.75, for a total transaction of $213,788.00. Following the transaction, the vice president now directly owns 245 shares in the company, valued at $112,883.75. This represents a 65.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kathy J. Warden sold 3,750 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $475.65, for a total transaction of $1,783,687.50. Following the completion of the sale, the chief executive officer now owns 212,852 shares of the company's stock, valued at approximately $101,243,053.80. This represents a 1.73% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,505 shares of company stock worth $2,127,632. Insiders own 0.23% of the company's stock.
Analysts Set New Price Targets
A number of brokerages recently commented on NOC. Morgan Stanley increased their price target on Northrop Grumman from $580.00 to $625.00 and gave the company an "overweight" rating in a research note on Wednesday, April 16th. Argus raised Northrop Grumman to a "strong-buy" rating in a report on Wednesday, February 26th. Truist Financial cut their target price on shares of Northrop Grumman from $600.00 to $550.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Royal Bank of Canada reduced their price target on shares of Northrop Grumman from $575.00 to $550.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Finally, The Goldman Sachs Group upgraded shares of Northrop Grumman from a "sell" rating to a "neutral" rating and increased their price objective for the company from $424.00 to $521.00 in a research report on Friday, April 11th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $545.31.
Read Our Latest Research Report on Northrop Grumman
Institutional Trading of Northrop Grumman
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Redhawk Wealth Advisors Inc. raised its holdings in shares of Northrop Grumman by 3.0% in the first quarter. Redhawk Wealth Advisors Inc. now owns 644 shares of the aerospace company's stock worth $330,000 after buying an additional 19 shares during the period. Salvus Wealth Management LLC increased its stake in Northrop Grumman by 1.5% in the first quarter. Salvus Wealth Management LLC now owns 1,349 shares of the aerospace company's stock worth $691,000 after purchasing an additional 20 shares during the period. IAG Wealth Partners LLC lifted its position in shares of Northrop Grumman by 8.4% during the first quarter. IAG Wealth Partners LLC now owns 271 shares of the aerospace company's stock worth $139,000 after purchasing an additional 21 shares during the last quarter. Integrated Investment Consultants LLC boosted its stake in shares of Northrop Grumman by 3.9% during the first quarter. Integrated Investment Consultants LLC now owns 553 shares of the aerospace company's stock valued at $283,000 after purchasing an additional 21 shares during the period. Finally, Sapient Capital LLC grew its holdings in shares of Northrop Grumman by 1.1% in the fourth quarter. Sapient Capital LLC now owns 2,049 shares of the aerospace company's stock worth $962,000 after purchasing an additional 22 shares during the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.
About Representative Gottheimer
Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.
Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election.
Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.
Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.
About Northrop Grumman
(
Get 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.
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