HBK Sorce Advisory LLC Acquires 1,160 Shares of Northrop Grumman Corporation $NOC

HBK Sorce Advisory LLC increased its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 71.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,777 shares of the aerospace company’s stock after buying an additional 1,160 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Northrop Grumman were worth $1,772,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of NOC. Parvin Asset Management LLC acquired a new stake in shares of Northrop Grumman in the 2nd quarter valued at approximately $25,000. Saudi Central Bank bought a new position in Northrop Grumman in the 1st quarter valued at approximately $28,000. NewSquare Capital LLC boosted its position in 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 buying an additional 27 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in Northrop Grumman in the second quarter valued at approximately $31,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of Northrop Grumman during the first quarter worth $36,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on NOC shares. JPMorgan Chase & Co. increased their price target on Northrop Grumman from $575.00 to $640.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. BNP Paribas upgraded Northrop Grumman to a “strong-buy” rating in a research report on Tuesday, November 18th. UBS Group lifted their price target on Northrop Grumman to $770.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. 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. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $714.00 price objective on shares of Northrop Grumman in a report on Tuesday, December 16th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $651.18.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, Director Mark A. Welsh III sold 97 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $564.08, for a total value of $54,715.76. Following the transaction, the director directly owned 4,281 shares of the company’s stock, valued at approximately $2,414,826.48. The trade was a 2.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.23% of the company’s stock.

Northrop Grumman Trading Down 0.8%

NYSE:NOC opened at $579.84 on Wednesday. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $640.90. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 1.11. The firm’s fifty day moving average is $572.51 and its 200-day moving average is $564.37. The firm has a market cap of $82.75 billion, a P/E ratio of 20.86, a P/E/G ratio of 5.03 and a beta of 0.05.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share for the quarter, topping analysts’ consensus estimates of $6.43 by $1.24. The business had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.68 billion. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. Northrop Grumman’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $7.00 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Equities analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, December 1st were paid 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 dividend payout ratio (DPR) is currently 33.24%.

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.