Director WELSH MARK A III sold 33 shares of Northrop Grumman Corp (NOC, Financial) on November 5, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 4,188 shares of the company. The shares were sold at a price of $510.1 each.
Northrop Grumman Corp (NOC, Financial) is a global aerospace and defense technology company that provides systems, products, and solutions in autonomous systems, cyber, C4ISR, space, strike, and logistics and modernization to customers worldwide.
Over the past year, WELSH MARK A III has engaged in multiple transactions involving the company's stock, selling a total of 133 shares and purchasing none. This latest transaction continues a trend observed over the past year, where there have been 15 insider sells and no insider buys.
The stock of Northrop Grumman Corp (NOC, Financial) was trading at $510.1 on the day of the transaction, giving the company a market cap of approximately $76.45 billion. The price-earnings ratio of the company stands at 32.43, which is below the industry median of 35.03 but above the historical median for the company.
According to the GF Value, the intrinsic value of Northrop Grumman Corp (NOC, Financial) is estimated at $527.12 per share, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 0.97.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This sale by the insider does not significantly alter their holding but is part of a broader pattern of insider transactions at Northrop Grumman Corp, which predominantly features sales over purchases.
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