Foresight Capital Management Advisors Inc. Purchases New Holdings in Northrop Grumman Corporation $NOC

Foresight Capital Management Advisors Inc. bought a new position in shares of Northrop Grumman Corporation (NYSE:NOC) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,543 shares of the aerospace company’s stock, valued at approximately $1,550,000.

Several other large investors have also made changes to their positions in NOC. Vanguard Group Inc. raised its holdings in Northrop Grumman by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 13,421,645 shares of the aerospace company’s stock worth $6,710,554,000 after purchasing an additional 155,344 shares during the last quarter. Soundwatch Capital LLC acquired a new stake in shares of Northrop Grumman during the 2nd quarter worth approximately $6,457,274,000. Geode Capital Management LLC raised its stake in shares of Northrop Grumman by 0.5% during the second quarter. Geode Capital Management LLC now owns 3,115,519 shares of the aerospace company’s stock worth $1,554,299,000 after buying an additional 14,980 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Northrop Grumman by 11.8% during the second quarter. Franklin Resources Inc. now owns 2,933,061 shares of the aerospace company’s stock worth $1,466,472,000 after buying an additional 308,680 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in Northrop Grumman by 12.0% in the first quarter. Royal Bank of Canada now owns 1,115,625 shares of the aerospace company’s stock valued at $571,211,000 after buying an additional 119,693 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Insider Activity at Northrop Grumman

In related news, Director Mark A. Welsh III sold 97 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $564.08, for a total transaction of $54,715.76. Following the completion of the transaction, the director owned 4,281 shares in the company, valued at approximately $2,414,826.48. This represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

Northrop Grumman Trading Up 0.3%

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

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

Northrop Grumman Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have commented on NOC. Deutsche Bank Aktiengesellschaft set a $700.00 target price on shares of Northrop Grumman and gave the stock a “buy” rating in a report on Wednesday, October 8th. Alembic Global Advisors raised Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $662.00 price objective for the company in a research note on Monday, December 15th. Morgan Stanley reissued an “overweight” rating and issued a $714.00 target price on shares of Northrop Grumman in a research note on Tuesday, December 16th. Citigroup assumed coverage on Northrop Grumman in a report on Thursday, December 11th. They set a “buy” rating and a $654.00 target price on the stock. Finally, BNP Paribas Exane started coverage on Northrop Grumman in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $710.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $651.18.

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.