United Advisor Group LLC Has $562,000 Holdings in Northrop Grumman Corporation $NOC

United Advisor Group LLC boosted its holdings in Northrop Grumman Corporation (NYSE:NOC) by 20.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,124 shares of the aerospace company’s stock after purchasing an additional 190 shares during the quarter. United Advisor Group LLC’s holdings in Northrop Grumman were worth $562,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. IMA Advisory Services Inc. bought a new position in shares of Northrop Grumman during the first quarter worth approximately $27,000. Saudi Central Bank bought a new stake in shares of Northrop Grumman in the first quarter valued at approximately $28,000. Banque Cantonale Vaudoise acquired a new stake in Northrop Grumman during the first quarter worth approximately $30,000. NewSquare Capital LLC grew its position in Northrop Grumman by 75.0% during the second quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after buying an additional 27 shares in the last quarter. Finally, Flaharty Asset Management LLC bought a new position in Northrop Grumman during the 1st quarter worth $36,000. Institutional investors own 83.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on NOC shares. Susquehanna lifted their price objective on Northrop Grumman from $650.00 to $690.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. BTIG Research raised their price target on Northrop Grumman from $630.00 to $680.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Sanford C. Bernstein set a $696.00 price target on Northrop Grumman in a research note on Thursday, October 23rd. Truist Financial increased their price objective on shares of Northrop Grumman from $625.00 to $688.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, Royal Bank Of Canada raised their target price on shares of Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $646.94.

Northrop Grumman Price Performance

Shares of NOC stock opened at $566.77 on Wednesday. The business has a fifty day simple moving average of $589.74 and a 200 day simple moving average of $549.56. The company has a market cap of $80.89 billion, a P/E ratio of 20.39, a P/E/G 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 Corporation has a twelve month low of $426.24 and a twelve month high of $640.90.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $7.00 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, sell-side analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal 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.