Ethic Inc. Increases Position in Northrop Grumman Corporation $NOC

Ethic Inc. boosted its position in Northrop Grumman Corporation (NYSE:NOC) by 13.1% in the 3rd quarter, Holdings Channel reports. The fund owned 11,266 shares of the aerospace company’s stock after purchasing an additional 1,308 shares during the period. Ethic Inc.’s holdings in Northrop Grumman were worth $6,865,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in NOC. Permanent Capital Management LP acquired a new stake in shares of Northrop Grumman during the third quarter worth $269,000. Perigon Wealth Management LLC lifted its position in Northrop Grumman by 24.2% during the third quarter. Perigon Wealth Management LLC now owns 2,842 shares of the aerospace company’s stock worth $1,732,000 after buying an additional 554 shares during the period. Sowell Financial Services LLC boosted its stake in Northrop Grumman by 4.8% in the 3rd quarter. Sowell Financial Services LLC now owns 757 shares of the aerospace company’s stock worth $461,000 after buying an additional 35 shares during the last quarter. Mayflower Financial Advisors LLC boosted its stake in Northrop Grumman by 5.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 1,047 shares of the aerospace company’s stock worth $638,000 after buying an additional 53 shares during the last quarter. Finally, Founders Grove Wealth Partners LLC grew its holdings in Northrop Grumman by 6.4% in the 3rd quarter. Founders Grove Wealth Partners LLC now owns 484 shares of the aerospace company’s stock valued at $295,000 after buying an additional 29 shares during the period. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Insiders Place Their Bets

In other Northrop Grumman news, Director Mark A. Welsh III sold 97 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $564.08, for a total value of $54,715.76. Following the completion of the sale, the director 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NOC has been the topic of several recent analyst reports. BNP Paribas upgraded shares of Northrop Grumman to a “strong-buy” rating in a report on Tuesday, November 18th. Truist Financial increased their price target on shares of Northrop Grumman from $625.00 to $688.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Northrop Grumman in a report on Wednesday, December 24th. Deutsche Bank Aktiengesellschaft set a $700.00 price objective on Northrop Grumman and gave the stock a “buy” rating in a report on Wednesday, October 8th. Finally, Sanford C. Bernstein set a $696.00 target price on Northrop Grumman in a report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Northrop Grumman presently has an average rating of “Moderate Buy” and an average target price of $651.18.

Northrop Grumman Stock Performance

NYSE:NOC opened at $578.05 on Tuesday. The firm’s fifty day simple moving average is $570.82 and its 200 day simple moving average is $566.85. 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 twelve month low of $426.24 and a twelve month high of $640.90. The firm has a market capitalization of $82.50 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 4.97 and a beta of 0.05.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, beating the consensus estimate 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 firm’s revenue was up 4.3% compared to the same quarter last year. During the same period last 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, equities research analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

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

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.