HBK Sorce Advisory LLC Takes $912,000 Position in Northrop Grumman Corporation $NOC

HBK Sorce Advisory LLC acquired a new stake in Northrop Grumman Corporation (NYSE:NOC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,636 shares of the aerospace company’s stock, valued at approximately $912,000.

Several other hedge funds have also recently bought and sold shares of NOC. Torren Management LLC acquired a new position in Northrop Grumman in the 4th quarter valued at about $26,000. Karpus Management Inc. acquired a new position in shares of Northrop Grumman in the fourth quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Northrop Grumman in the fourth quarter valued at approximately $29,000. Perkins Coie Trust Co purchased a new stake in Northrop Grumman during the 2nd quarter worth approximately $29,000. Finally, Financial Life Planners acquired a new stake in Northrop Grumman during the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Trading Down 0.1%

Shares of NYSE:NOC opened at $585.18 on Monday. Northrop Grumman Corporation has a 52 week low of $479.02 and a 52 week high of $774.00. The company’s 50 day moving average is $538.88 and its two-hundred day moving average is $613.61. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The company has a market cap of $83.11 billion, a PE ratio of 18.59, a P/E/G ratio of 3.79 and a beta of -0.11.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, beating analysts’ consensus estimates of $6.82 by $0.86. The business had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The company’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the business earned $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Equities analysts predict that Northrop Grumman Corporation will post 28.97 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st were paid a $2.47 dividend. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, June 1st. Northrop Grumman’s payout ratio is 31.39%.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman 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 sale, the director directly owned 4,393 shares of the company’s stock, valued at $2,405,299.29. The trade was a 2.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Raymond James Financial restated an “outperform” rating on shares of Northrop Grumman in a research note on Monday, June 15th. Weiss Ratings cut Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. JPMorgan Chase & Co. decreased their target price on Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating for the company in a report on Thursday, July 23rd. Morgan Stanley set a $745.00 target price on Northrop Grumman in a research note on Wednesday, July 15th. Finally, The Goldman Sachs Group cut their price target on Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $659.30.

Northrop Grumman 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.