OneDigital Investment Advisors LLC Invests $1.23 Million in Northrop Grumman Corporation $NOC

OneDigital Investment Advisors LLC bought a new position in Northrop Grumman Corporation (NYSE:NOC) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 2,418 shares of the aerospace company’s stock, valued at approximately $1,232,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Kestra Investment Management LLC increased its position in Northrop Grumman by 4.4% in the fourth quarter. Kestra Investment Management LLC now owns 353 shares of the aerospace company’s stock worth $201,000 after buying an additional 15 shares in the last quarter. Evolution Wealth Management Inc. lifted its position 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 valued at $134,000 after buying an additional 15 shares in the last quarter. Golden State Equity Partners grew its stake 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 valued at $762,000 after acquiring an additional 16 shares during the period. Diversified Portfolios Inc. grew its stake in shares of Northrop Grumman by 0.9% during the 4th quarter. Diversified Portfolios Inc. now owns 1,789 shares of the aerospace company’s stock valued at $1,020,000 after acquiring an additional 16 shares during the period. Finally, South Plains Financial Inc. increased its holdings in Northrop Grumman by 1.8% in the 4th 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. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NOC has been the topic of several analyst reports. Wells Fargo & Company reaffirmed an “overweight” rating and set a $620.00 price target on shares of Northrop Grumman in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft set a $615.00 price objective on shares of Northrop Grumman in a research note on Wednesday, July 22nd. Jefferies Financial Group lowered their target price on shares of Northrop Grumman from $620.00 to $580.00 and set a “hold” rating on the stock in a research note on Friday, June 26th. Weiss Ratings downgraded shares of Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Finally, BTIG Research reissued a “buy” rating and set a $815.00 target price on shares of Northrop Grumman in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Northrop Grumman has an average rating of “Moderate Buy” and a consensus price target of $659.30.

Northrop Grumman Stock Performance

NOC opened at $570.59 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.17. The stock has a market capitalization of $81.04 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 3.79 and a beta of -0.11. The company has a fifty day moving average of $539.49 and a 200 day moving average of $612.84. Northrop Grumman Corporation has a fifty-two week low of $479.02 and a fifty-two week high of $774.00.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results 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 net margin of 10.48% and a return on equity of 24.25%. The business had revenue of $10.88 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the previous year, the company earned $8.15 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, sell-side analysts forecast that Northrop Grumman Corporation will post 28.97 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Mark A. Welsh III sold 95 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $547.53, for a total value of $52,015.35. Following the sale, the director directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

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.