Hohimer Wealth Management LLC Increases Stake in Northrop Grumman Corporation (NYSE: NOC)

Hohimer Wealth Management LLC boosted its holdings in Northrop Grumman Corporation (NYSE: NOC) by 0.4% during the first quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The firm owned 6,893 shares of the aerospace company’s stock after acquiring an additional 28 shares. The total worth of Hohimer Wealth Management LLC’s holdings in Northrop Grumman reached $3.53 million as per the latest SEC filing.

Several other prominent investors also adjusted their positions in the company. Bogart Wealth LLC increased its holdings by 106.7%, Catalyst Financial Partners LLC by 3.5%, Signaturefd LLC by 5.0%, Sensible Male Advisors LLC by 5.9%, and Asset Dedication LLC by 5.1% during the same period.

Analyst Insights and Stock Performance

Financial experts have recently shared their perspectives on NOC shares. UBS Group lowered the price target on Northrop Grumman to $571.00, while Wells Fargo & Company set a target of $525.00, both maintaining positive outlooks on the stock. Northrop Grumman’s stock saw a marginal increase of 0.2% to open at $514.65 on Monday.

Northrop Grumman Corporation reported a 1-year low of $426.24 and a high of $555.57. The company’s financial indicators include a market capitalization of $74.07 billion, a price-to-earnings ratio of 20.31, and a debt-to-equity ratio of 0.95. With a consensus target price of $550.00, analysts have rated the stock as a ‘Moderate Buy.’

Dividend Update and Business Operations

Northrop Grumman recently announced an increased quarterly dividend, signaling confidence in its financial performance. The company operates as an aerospace and defense technology firm, with a focus on aircraft systems and unmanned autonomous aircraft systems.

Insider Trading and Ownership

Notable insider transactions include VP Roshan S. Roeder selling 991 shares and VP Thomas H. Jones selling 729 shares of Northrop Grumman stock. Insiders collectively sold 16,569 shares valued at $8.32 million over the last ninety days, with insiders now owning 0.23% of the stock.

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