Northrop Grumman Corporation $NOC Stock Position Raised by Krilogy Financial LLC

Krilogy Financial LLC boosted its stake in Northrop Grumman Corporation (NYSE:NOC) by 108.6% during the third quarter, Holdings Channel reports. The institutional investor owned 2,213 shares of the aerospace company’s stock after buying an additional 1,152 shares during the period. Krilogy Financial LLC’s holdings in Northrop Grumman were worth $1,073,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the company. State Street Corp increased its position in Northrop Grumman by 1.3% during the second quarter. State Street Corp now owns 13,169,195 shares of the aerospace company’s stock worth $6,707,203,000 after acquiring an additional 168,267 shares during the period. BlackRock Inc. bought a new stake in Northrop Grumman in the 2nd quarter valued at about $6,001,616,000. Bank of America Corp DE bought a new stake in Northrop Grumman in the 2nd quarter valued at about $1,298,141,000. Dimensional Fund Advisors LP grew its position in shares of Northrop Grumman by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 960,690 shares of the aerospace company’s stock worth $655,373,000 after purchasing an additional 5,811 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Northrop Grumman by 2.2% during the 2nd quarter. Legal & General Group Plc now owns 747,121 shares of the aerospace company’s stock worth $380,516,000 after purchasing an additional 16,195 shares in the last quarter. Institutional investors own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

NOC has been the topic of a number of recent research reports. Rothschild & Co Redburn assumed coverage on Northrop Grumman in a research note on Tuesday, October 6th. They set a “buy” rating and a $680.00 price objective on the stock. The Goldman Sachs Group upped their target price on Northrop Grumman from $533.00 to $538.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Sanford C. Bernstein reduced their target price on Northrop Grumman from $620.00 to $556.00 and set a “market perform” rating on the stock in a report on Wednesday. BNP Paribas Exane decreased their price target on Northrop Grumman from $640.00 to $540.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. decreased their price target on Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating on the stock in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $641.91.

Northrop Grumman Trading Up 4.1%

Shares of NOC stock traded up $20.34 during trading hours on Friday, hitting $519.98. 1,320,498 shares of the company’s stock traded hands, compared to its average volume of 1,014,773. The stock’s 50 day simple moving average is $525.17 and its 200 day simple moving average is $553.31. The stock has a market cap of $73.85 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 2.93 and a beta of -0.11. Northrop Grumman Corporation has a 12 month low of $470.06 and a 12 month high of $774.00. 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 announced its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.82 by $0.86. The business had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.80 billion. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%. Northrop Grumman’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, sell-side analysts anticipate that Northrop Grumman Corporation will post 28.96 EPS for the current year.

Northrop Grumman Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Monday, August 31st were paid a $2.47 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $9.88 annualized dividend and a dividend yield of 1.9%. Northrop Grumman’s dividend payout ratio is presently 31.39%.

Insider Activity

In other news, Director Mark Welsh, III sold 95 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $547.53, for a total transaction of $52,015.35. Following the completion of the transaction, the director directly owned 4,393 shares in the company, valued at $2,405,299.29. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 Company Profile

Northrop Grumman Corporation (NYSE:NOC) is a global aerospace and defense company that develops and produces systems for government and commercial customers, with the U.S. Department of Defense and other government agencies representing its primary markets. Its work spans advanced aircraft, autonomous systems, space systems, missile defense, command and control, cybersecurity, and other mission-critical technologies.

The company’s offerings include strategic and tactical aircraft, unmanned aerial vehicles, aircraft systems, satellites, spacecraft, launch vehicles, missile-warning and missile-defense systems, secure communications, and cyber and information systems.