Guggenheim Capital LLC Raises Position in Northrop Grumman Corporation $NOC

Guggenheim Capital LLC grew its stake in Northrop Grumman Corporation (NYSE:NOC) by 35.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,545 shares of the aerospace company’s stock after purchasing an additional 11,436 shares during the quarter. Guggenheim Capital LLC’s holdings in Northrop Grumman were worth $21,772,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Saudi Central Bank purchased a new position in Northrop Grumman during the 1st quarter worth $28,000. NewSquare Capital LLC boosted its holdings 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 purchasing an additional 27 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in Northrop Grumman during the second quarter worth about $31,000. Flaharty Asset Management LLC bought a new stake in Northrop Grumman in the 1st quarter worth about $36,000. Finally, AlphaQuest LLC increased its stake in Northrop Grumman by 29.2% in the 2nd quarter. AlphaQuest LLC now owns 93 shares of the aerospace company’s stock valued at $46,000 after buying an additional 21 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NOC shares. Morgan Stanley boosted their target price on Northrop Grumman from $625.00 to $720.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. UBS Group boosted their price objective on Northrop Grumman to $770.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. raised their target price on Northrop Grumman from $575.00 to $640.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Susquehanna boosted their price target 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, Deutsche Bank Aktiengesellschaft set a $700.00 price objective on shares of Northrop Grumman and gave the stock a “buy” rating in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Northrop Grumman has a consensus rating of “Moderate Buy” and a consensus target price of $646.94.

Insider Activity

In other news, Director Mark A. Welsh III sold 97 shares of the firm’s 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 transaction, the director directly owned 4,281 shares in the company, valued at approximately $2,414,826.48. This trade represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.23% of the company’s stock.

Northrop Grumman Stock Up 1.2%

Northrop Grumman stock opened at $553.67 on Thursday. The firm has a 50 day simple moving average of $586.43 and a 200 day simple moving average of $555.53. 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 1-year low of $426.24 and a 1-year high of $640.90. The firm has a market capitalization of $79.02 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 4.78 and a beta of 0.05.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, topping 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 analyst estimates of $10.68 billion. During the same period last year, the company earned $7.00 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st will be given a dividend of $2.31 per share. The ex-dividend date is Monday, December 1st. This represents a $9.24 annualized dividend and a dividend yield of 1.7%. Northrop Grumman’s dividend payout ratio is currently 33.24%.

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.