Sigma Planning Corp Has $3.18 Million Stock Position in Northrop Grumman Corporation $NOC

Sigma Planning Corp raised its stake in Northrop Grumman Corporation (NYSE:NOC) by 9.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,364 shares of the aerospace company’s stock after buying an additional 550 shares during the period. Sigma Planning Corp’s holdings in Northrop Grumman were worth $3,182,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NOC. IMA Advisory Services Inc. acquired a new stake in Northrop Grumman in the first quarter valued at approximately $27,000. Saudi Central Bank acquired a new position in shares of Northrop Grumman in the first quarter valued at approximately $28,000. Banque Cantonale Vaudoise acquired a new position in shares of Northrop Grumman in the first quarter valued at approximately $30,000. Flaharty Asset Management LLC acquired a new position in shares of Northrop Grumman in the first quarter valued at approximately $36,000. Finally, Hollencrest Capital Management increased its stake in shares of Northrop Grumman by 790.0% in the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock valued at $45,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on NOC shares. Morgan Stanley upped their price objective on Northrop Grumman from $625.00 to $720.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. UBS Group upped their price objective on Northrop Grumman to $770.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. Wall Street Zen raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Finally, Deutsche Bank Aktiengesellschaft set a $700.00 target price on shares of Northrop Grumman and gave the company a “buy” rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $642.73.

Northrop Grumman Price Performance

Northrop Grumman stock opened at $574.58 on Tuesday. The stock has a market capitalization of $82.00 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 5.07 and a beta of 0.10. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $640.90. The stock’s 50 day moving average price is $593.89 and its two-hundred day moving average price is $543.60. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 1.11.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.43 by $1.24. The firm had revenue of $10.42 billion for the quarter, compared to analysts’ expectations of $10.68 billion. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $7.00 EPS. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, equities analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio is presently 33.24%.

About Northrop Grumman

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.