Northrop Grumman director Mark Welsh sells $15,630 in stock

Mark A. Welsh III, a director at Northrop Grumman Corp (NYSE:NOC), recently sold shares of the aerospace and defense company, according to a filing with the Securities and Exchange Commission. On March 5, Welsh sold a total of 32 shares of Northrop Grumman common stock, generating proceeds of approximately $15,630. The transactions were executed at prices ranging from $467.74 to $479.50 per share. The company, currently valued at $68.6 billion, maintains strong profitability with a 20.4% gross margin and trades at a P/E ratio of 16.6x. According to InvestingPro analysis, Northrop Grumman appears slightly undervalued based on its Fair Value estimates.

Following these sales, Welsh now directly owns 4,073 shares of Northrop Grumman stock. The sales were conducted as part of a pre-arranged trading plan, known as a Rule 10b5-1 plan, which allows company insiders to sell a predetermined number of shares at a set time. This type of plan is designed to help avoid potential accusations of insider trading. Notably, the company has maintained dividend payments for 55 consecutive years and currently offers a 1.74% yield, with a 10.2% dividend growth over the last twelve months.

In other recent news, Northrop Grumman Corporation has made significant strides in the B-21 Raider program, achieving technical performance targets while maintaining affordability. The program’s transition into its second low-rate initial production lot has been smooth, with the production workforce gaining early experience. Northrop Grumman has also recognized over 50 suppliers for their contributions to its manufacturing and supply chain operations in 2024, highlighting the role of these partners in enhancing production capabilities. Additionally, Northrop Grumman has signed a Memorandum of Understanding with South Korea’s Hanwha Systems to collaborate on the Republic of Korea’s Mine Countermeasures Helicopter program. This partnership involves Hanwha supporting the manufacturing of hardware components for the Airborne Laser Mine Detection System. Meanwhile, the U.S. Navy has excluded Lockheed Martin (NYSE:LMT) from the competition to build its next-generation carrier-based stealth fighter, opting instead for designs from Boeing (NYSE:BA) and Northrop Grumman. In another development, Huntington Ingalls (NYSE:HII) Industries has seen a positive market reaction following President Donald Trump’s announcement of initiatives to revitalize the U.S. shipbuilding industry. These recent developments underscore the dynamic landscape of the defense and aerospace industries.

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