JNBA Financial Advisors Purchases 58 Shares of Northrop Grumman Corporation $NOC

JNBA Financial Advisors raised its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 82.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 128 shares of the aerospace company’s stock after acquiring an additional 58 shares during the quarter. JNBA Financial Advisors’ holdings in Northrop Grumman were worth $64,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NOC. IMA Advisory Services Inc. bought a new stake in Northrop Grumman during the 1st quarter valued at approximately $27,000. Saudi Central Bank bought a new stake in Northrop Grumman during the 1st quarter valued at approximately $28,000. Banque Cantonale Vaudoise bought a new stake in Northrop Grumman during the 1st quarter valued at approximately $30,000. Flaharty Asset Management LLC bought a new stake in Northrop Grumman during the 1st quarter valued at approximately $36,000. Finally, Hollencrest Capital Management boosted its position in shares of Northrop Grumman by 790.0% in the 1st quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock worth $45,000 after purchasing an additional 79 shares in the last quarter. 83.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Robert W. Baird boosted their price target on Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft set a $700.00 price target on Northrop Grumman and gave the stock a “buy” rating in a research report on Wednesday. Bank of America boosted their price target on Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Northrop Grumman in a research report on Saturday, September 27th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Northrop Grumman in a research report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $601.00.

Northrop Grumman Price Performance

Shares of NYSE NOC opened at $623.51 on Friday. Northrop Grumman Corporation has a twelve month low of $426.24 and a twelve month high of $640.90. The firm has a market cap of $89.28 billion, a P/E ratio of 22.98, a PEG ratio of 5.97 and a beta of 0.10. The company has a 50 day moving average of $590.32 and a 200 day moving average of $533.84. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share for the quarter, topping analysts’ consensus estimates of $6.84 by $0.27. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The company had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same period in the previous year, the business earned $6.36 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. As a group, research analysts expect that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $2.31 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $9.24 dividend on an annualized basis and a yield of 1.5%. Northrop Grumman’s payout ratio is currently 34.06%.

Northrop Grumman Profile

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.