Valeo Financial Advisors LLC Raises Position in Northrop Grumman Corporation $NOC

Valeo Financial Advisors LLC grew its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 49.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,796 shares of the aerospace company’s stock after buying an additional 1,251 shares during the period. Valeo Financial Advisors LLC’s holdings in Northrop Grumman were worth $1,898,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Parvin Asset Management LLC purchased a new stake in Northrop Grumman during the second quarter valued at about $25,000. Saudi Central Bank bought a new stake in shares of Northrop Grumman in the first quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Northrop Grumman during the 2nd quarter valued at approximately $31,000. NewSquare Capital LLC lifted its stake in shares of Northrop Grumman by 75.0% during the 2nd quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock valued at $31,000 after buying an additional 27 shares in the last quarter. Finally, Flaharty Asset Management LLC bought a new position in Northrop Grumman in the 1st quarter worth approximately $36,000. Institutional investors own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NOC. Truist Financial boosted their price objective on Northrop Grumman from $625.00 to $688.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft set a $700.00 price target on Northrop Grumman and gave the company a “buy” rating in a research report on Wednesday, October 8th. Morgan Stanley reissued an “overweight” rating and issued a $714.00 price target on shares of Northrop Grumman in a report on Tuesday. Alembic Global Advisors raised shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $662.00 price objective for the company in a research note on Monday. Finally, Wall Street Zen raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $651.18.

Northrop Grumman Trading Up 1.0%

Shares of Northrop Grumman stock opened at $575.44 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 0.98. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $640.90. The firm has a market cap of $82.13 billion, a PE ratio of 20.70, a PEG ratio of 4.93 and a beta of 0.05. The company has a 50 day simple moving average of $579.28 and a two-hundred day simple moving average of $560.84.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.43 by $1.24. The company had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.68 billion. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The firm’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 EPS. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Monday, December 1st will be issued a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, December 1st. Northrop Grumman’s dividend payout ratio (DPR) is currently 33.24%.

Insider Buying and Selling at Northrop Grumman

In related news, Director Mark A. Welsh III sold 97 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $564.08, for a total value of $54,715.76. Following the completion of the sale, the director owned 4,281 shares in the company, valued at $2,414,826.48. The trade was a 2.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.23% of the company’s stock.

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.