2,543 Shares in Northrop Grumman Corporation $NOC Purchased by Foresight Capital Management Advisors Inc.

Foresight Capital Management Advisors Inc. purchased a new stake in shares of Northrop Grumman Corporation (NYSE:NOC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,543 shares of the aerospace company’s stock, valued at approximately $1,550,000.

Several other institutional investors have also recently made changes to their positions in the stock. Parvin Asset Management LLC bought a new stake in shares of Northrop Grumman during the 2nd quarter worth approximately $25,000. Saudi Central Bank acquired a new position in Northrop Grumman during the first quarter worth $28,000. NewSquare Capital LLC raised its position in Northrop Grumman by 75.0% during the second quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 27 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in Northrop Grumman in the second quarter valued at $31,000. Finally, Flaharty Asset Management LLC acquired a new stake in Northrop Grumman in the first quarter valued at $36,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NOC. Wall Street Zen upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. JPMorgan Chase & Co. boosted their price target on Northrop Grumman from $575.00 to $640.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. BNP Paribas Exane initiated coverage on Northrop Grumman in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $710.00 price objective for the company. Truist Financial boosted their target price on Northrop Grumman from $625.00 to $688.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, UBS Group increased their price target on Northrop Grumman to $770.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $651.18.

Northrop Grumman Price Performance

Northrop Grumman stock opened at $582.00 on Friday. The company has a market capitalization of $83.06 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 5.01 and a beta of 0.05. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $640.90. The stock’s 50 day moving average is $571.63 and its 200-day moving average is $564.61.

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

Northrop Grumman Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st were issued a dividend of $2.31 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.6%. Northrop Grumman’s payout ratio is 33.24%.

Insider Buying and Selling at Northrop Grumman

In related news, Director Mark A. Welsh III sold 97 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $564.08, for a total value of $54,715.76. Following the sale, the director directly owned 4,281 shares of the company’s stock, valued at $2,414,826.48. This trade represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.23% of the stock is currently owned by corporate insiders.

Northrop Grumman Company Profile

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.