65,400 Shares in Northrop Grumman Corporation $NOC Bought by Symphony Financial Ltd. Co.

Symphony Financial Ltd. Co. bought a new stake in Northrop Grumman Corporation (NYSE:NOC) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 65,400 shares of the aerospace company’s stock, valued at approximately $32,698,000.

Other large investors have also made changes to their positions in the company. Western Wealth Management LLC boosted its holdings in shares of Northrop Grumman by 25.2% in the second quarter. Western Wealth Management LLC now owns 1,869 shares of the aerospace company’s stock worth $935,000 after buying an additional 376 shares during the last quarter. Itau Unibanco Holding S.A. increased its position in Northrop Grumman by 56.9% in the second quarter. Itau Unibanco Holding S.A. now owns 6,011 shares of the aerospace company’s stock worth $3,005,000 after buying an additional 2,180 shares in the last quarter. Kingsview Wealth Management LLC increased its position in Northrop Grumman by 7.8% in the second quarter. Kingsview Wealth Management LLC now owns 9,226 shares of the aerospace company’s stock worth $4,613,000 after buying an additional 671 shares in the last quarter. Citizens Financial Group Inc. RI increased its holdings in Northrop Grumman by 6.7% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 14,042 shares of the aerospace company’s stock worth $7,021,000 after acquiring an additional 886 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its stake in Northrop Grumman by 3.9% during the 2nd quarter. Avantax Advisory Services Inc. now owns 11,927 shares of the aerospace company’s stock worth $5,963,000 after acquiring an additional 449 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NOC has been the subject of a number of recent analyst reports. Susquehanna upped their price target on shares of Northrop Grumman from $650.00 to $690.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Northrop Grumman in a research note on Tuesday, October 14th. BTIG Research increased their price target on Northrop Grumman from $630.00 to $680.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Wells Fargo & Company restated an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Finally, Barclays upped their price objective on Northrop Grumman from $500.00 to $580.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $642.73.

Northrop Grumman Stock Down 0.0%

Shares of NOC stock opened at $557.77 on Monday. The company’s fifty day simple moving average is $590.21 and its two-hundred day simple moving average is $548.50. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $640.90. The stock has a market cap of $79.61 billion, a P/E ratio of 20.06, a PEG ratio of 5.07 and a beta of 0.07. The company has a quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 0.95.

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

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were issued a $2.31 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.7%. Northrop Grumman’s dividend payout ratio (DPR) is 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.