Pallas Capital Advisors LLC Makes New Investment in Northrop Grumman Corporation $NOC

Pallas Capital Advisors LLC bought a new position in Northrop Grumman Corporation (NYSE:NOC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,195 shares of the aerospace company’s stock, valued at approximately $1,627,000.

Several other large investors have also recently modified their holdings of the stock. Torren Management LLC bought a new position in Northrop Grumman in the 4th quarter worth about $26,000. Karpus Management Inc. purchased a new stake in Northrop Grumman during the 4th quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in Northrop Grumman during the 4th quarter valued at about $29,000. Perkins Coie Trust Co bought a new stake in Northrop Grumman during the 2nd quarter valued at about $29,000. Finally, Financial Life Planners purchased a new position in Northrop Grumman in the first quarter worth about $30,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $615.00 target price on shares of Northrop Grumman in a research note on Wednesday, July 22nd. The Goldman Sachs Group decreased their price objective on shares of Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. Morgan Stanley set a $745.00 price objective on Northrop Grumman in a research report on Wednesday, July 15th. BTIG Research reiterated a “buy” rating and set a $815.00 target price on shares of Northrop Grumman in a research note on Wednesday, April 22nd. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $620.00 target price on shares of Northrop Grumman in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $659.30.

Insider Activity

In related news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $547.53, for a total value of $52,015.35. Following the completion of the sale, the director owned 4,393 shares of the company’s stock, valued at $2,405,299.29. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by company insiders.

Northrop Grumman Stock Down 2.6%

Shares of Northrop Grumman stock opened at $570.59 on Tuesday. The company has a market cap of $81.04 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 3.79 and a beta of -0.11. The company’s 50 day moving average is $539.49 and its 200 day moving average is $612.84. Northrop Grumman Corporation has a twelve month low of $479.02 and a twelve month high of $774.00. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, topping analysts’ consensus estimates of $6.82 by $0.86. The business had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Research analysts anticipate that Northrop Grumman Corporation will post 28.97 EPS for the current year.

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.