Nuance Investments LLC Purchases New Position in Northrop Grumman Corporation $NOC

Nuance Investments LLC purchased a new position in shares of Northrop Grumman Corporation (NYSE:NOC) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 9,113 shares of the aerospace company’s stock, valued at approximately $4,642,000.

Other hedge funds have also made changes to their positions in the company. Torren Management LLC bought a new position in shares of Northrop Grumman in the fourth quarter valued at approximately $26,000. Karpus Management Inc. bought a new stake in shares of Northrop Grumman in the fourth quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Northrop Grumman in the 4th quarter worth approximately $29,000. Perkins Coie Trust Co acquired a new stake in Northrop Grumman during the second quarter worth $29,000. Finally, Financial Life Planners acquired a new stake in shares of Northrop Grumman during the 1st quarter valued at about $30,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Insider Buying and Selling

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $547.53, for a total value of $52,015.35. Following the completion of the transaction, the director directly owned 4,393 shares in the company, valued at $2,405,299.29. This trade represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

Northrop Grumman Stock Performance

Shares of Northrop Grumman stock opened at $570.59 on Tuesday. The firm has a market cap of $81.04 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 3.79 and a beta of -0.11. The stock’s 50-day moving average is $539.49 and its 200-day moving average is $612.84. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06. Northrop Grumman Corporation has a one year low of $479.02 and a one year high of $774.00.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, topping analysts’ consensus estimates of $6.82 by $0.86. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The firm had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the prior year, the firm posted $8.15 EPS. The business’s revenue was up 5.1% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Equities analysts predict that Northrop Grumman Corporation will post 28.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

NOC has been the topic of several recent analyst reports. Wall Street Zen lowered Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Saturday, April 25th. JPMorgan Chase & Co. decreased their price target on shares of Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating on the stock in a research note on Thursday, July 23rd. Jefferies Financial Group lowered their price objective on Northrop Grumman from $620.00 to $580.00 and set a “hold” rating for the company in a research report on Friday, June 26th. BTIG Research reaffirmed a “buy” rating and set a $815.00 target price on shares of Northrop Grumman in a report on Wednesday, April 22nd. Finally, UBS Group increased their price target on shares of Northrop Grumman from $666.00 to $685.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Northrop Grumman has an average rating of “Moderate Buy” and an average target price of $659.30.

About Northrop Grumman

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.