Hennion & Walsh Asset Management Inc. Increases Stock Position in Northrop Grumman Corporation $NOC

Hennion & Walsh Asset Management Inc. raised its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 13.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 15,257 shares of the aerospace company’s stock after purchasing an additional 1,831 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Northrop Grumman were worth $7,771,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NOC. Kestra Investment Management LLC increased its holdings in shares of Northrop Grumman by 4.4% in the 4th quarter. Kestra Investment Management LLC now owns 353 shares of the aerospace company’s stock worth $201,000 after buying an additional 15 shares during the last quarter. Evolution Wealth Management Inc. lifted its holdings in shares of Northrop Grumman by 6.8% during the 4th quarter. Evolution Wealth Management Inc. now owns 235 shares of the aerospace company’s stock worth $134,000 after acquiring an additional 15 shares during the last quarter. Golden State Equity Partners lifted its holdings in shares of Northrop Grumman by 1.2% during the 4th quarter. Golden State Equity Partners now owns 1,337 shares of the aerospace company’s stock worth $762,000 after acquiring an additional 16 shares during the last quarter. Diversified Portfolios Inc. grew its position in Northrop Grumman by 0.9% in the fourth quarter. Diversified Portfolios Inc. now owns 1,789 shares of the aerospace company’s stock worth $1,020,000 after acquiring an additional 16 shares in the last quarter. Finally, South Plains Financial Inc. grew its position in Northrop Grumman by 1.8% in the fourth quarter. South Plains Financial Inc. now owns 896 shares of the aerospace company’s stock worth $511,000 after acquiring an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on NOC shares. Deutsche Bank Aktiengesellschaft set a $615.00 price target on Northrop Grumman in a research report on Wednesday, July 22nd. Susquehanna decreased their price objective on Northrop Grumman from $785.00 to $655.00 and set a “positive” rating on the stock in a report on Wednesday, July 22nd. TD Cowen dropped their target price on Northrop Grumman from $580.00 to $550.00 and set a “hold” rating for the company in a research report on Wednesday, July 22nd. Wall Street Zen lowered Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, BTIG Research reiterated a “buy” rating and set a $815.00 price target on shares of Northrop Grumman in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $655.30.

Insider Buying and Selling

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $2,405,299.29. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by company insiders.

Northrop Grumman Stock Performance

NYSE NOC opened at $571.06 on Friday. The company has a 50-day simple moving average of $534.89 and a two-hundred day simple moving average of $617.00. Northrop Grumman Corporation has a 12-month low of $479.02 and a 12-month high of $774.00. The firm has a market cap of $81.11 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 3.70 and a beta of -0.11. 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 released its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, topping the consensus estimate of $6.82 by $0.86. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The firm had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the previous year, the business earned $8.15 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, equities analysts forecast that Northrop Grumman Corporation will post 28.97 EPS for the current year.

Northrop Grumman Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st were paid a $2.47 dividend. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date of this dividend was Monday, June 1st. This represents a $9.88 dividend on an annualized basis and a yield of 1.7%. Northrop Grumman’s payout ratio is presently 31.39%.

Northrop Grumman 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.