Vanguard Group Inc. Has $6.71 Billion Position in Northrop Grumman Corporation $NOC

Vanguard Group Inc. increased its holdings in Northrop Grumman Corporation (NYSE:NOC) by 1.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,421,645 shares of the aerospace company’s stock after purchasing an additional 155,344 shares during the period. Vanguard Group Inc. owned approximately 9.37% of Northrop Grumman worth $6,710,554,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its position in shares of Northrop Grumman by 176.3% during the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock worth $1,394,000 after buying an additional 1,895 shares during the period. Bison Wealth LLC grew its position in Northrop Grumman by 5.3% in the fourth quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock valued at $301,000 after acquiring an additional 32 shares during the period. OneAscent Financial Services LLC raised its stake in Northrop Grumman by 100.0% during the first quarter. OneAscent Financial Services LLC now owns 1,012 shares of the aerospace company’s stock worth $518,000 after acquiring an additional 506 shares in the last quarter. Crestwood Advisors Group LLC lifted its holdings in shares of Northrop Grumman by 220.7% during the first quarter. Crestwood Advisors Group LLC now owns 2,652 shares of the aerospace company’s stock valued at $1,358,000 after acquiring an additional 1,825 shares during the period. Finally, Ignite Planners LLC boosted its stake in shares of Northrop Grumman by 20.3% in the 1st quarter. Ignite Planners LLC now owns 794 shares of the aerospace company’s stock valued at $386,000 after purchasing an additional 134 shares in the last quarter. Institutional investors own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Northrop Grumman in a research note on Tuesday, October 14th. Morgan Stanley increased their price target on Northrop Grumman from $625.00 to $720.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. BTIG Research raised their price target on Northrop Grumman from $630.00 to $680.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. UBS Group boosted their price objective on Northrop Grumman to $770.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, Bank of America increased their target price on Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $646.94.

Northrop Grumman Stock Up 0.7%

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 P/E/G ratio of 5.07 and a beta of 0.07. 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 stock’s fifty day moving average price is $589.74 and its two-hundred day moving average price is $549.56. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $640.90.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, beating the consensus estimate of $6.43 by $1.24. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The company had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same period last year, the firm earned $7.00 EPS. 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 anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current year.

About Northrop Grumman

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.