Nomura Asset Management Co. Ltd. Grows Holdings in Northrop Grumman Corporation $NOC

Nomura Asset Management Co. Ltd. raised its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 4.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,946 shares of the aerospace company’s stock after purchasing an additional 1,910 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Northrop Grumman were worth $23,972,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. IMA Advisory Services Inc. purchased a new position in shares of Northrop Grumman during the 1st quarter valued at $27,000. Saudi Central Bank purchased a new stake in Northrop Grumman in the 1st quarter worth $28,000. Banque Cantonale Vaudoise bought a new stake in Northrop Grumman during the first quarter valued at about $30,000. NewSquare Capital LLC lifted its position in shares of Northrop Grumman by 75.0% in the second quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 27 shares in the last quarter. Finally, Flaharty Asset Management LLC purchased a new position in shares of Northrop Grumman in the first quarter valued at about $36,000. 83.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NOC has been the subject of several research analyst reports. BNP Paribas Exane initiated coverage on Northrop Grumman in a research report on Tuesday. They set an “outperform” rating and a $710.00 target price for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Northrop Grumman in a report on Tuesday, October 14th. Morgan Stanley lifted their price objective on shares of Northrop Grumman from $625.00 to $720.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Susquehanna boosted their target price on shares of Northrop Grumman from $650.00 to $690.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Finally, Barclays raised their target price on shares of Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $646.94.

Northrop Grumman Stock Performance

NYSE:NOC opened at $566.77 on Wednesday. The company has a market cap of $80.89 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 5.07 and a beta of 0.07. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $640.90. The stock’s 50 day simple moving average is $589.74 and its two-hundred day simple moving average is $549.56. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 0.98.

Northrop Grumman (NYSE:NOC) last posted its 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. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The firm had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same period in the prior year, the company earned $7.00 EPS. The company’s quarterly revenue 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. As a group, equities analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Company Profile

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.