Vanguard Group Inc. Acquires 155,344 Shares of Northrop Grumman Corporation $NOC

Vanguard Group Inc. boosted its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 1.2% in the second quarter, Holdings Channel.com reports. The fund owned 13,421,645 shares of the aerospace company’s stock after buying an additional 155,344 shares during the quarter. Vanguard Group Inc. owned about 0.09% of Northrop Grumman worth $6,710,554,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Wellington Management Group LLP boosted its position in shares of Northrop Grumman by 23.4% in the 1st quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company’s stock worth $2,631,390,000 after purchasing an additional 974,633 shares during the last quarter. Geode Capital Management LLC lifted its stake in Northrop Grumman by 0.5% in the second quarter. Geode Capital Management LLC now owns 3,115,519 shares of the aerospace company’s stock valued at $1,554,299,000 after buying an additional 14,980 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Northrop Grumman by 10.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,241,144 shares of the aerospace company’s stock worth $1,147,489,000 after buying an additional 210,500 shares during the last quarter. Invesco Ltd. boosted its holdings in Northrop Grumman by 12.1% during the first quarter. Invesco Ltd. now owns 1,944,186 shares of the aerospace company’s stock worth $995,443,000 after buying an additional 210,506 shares during the last quarter. Finally, Royal Bank of Canada grew its position in shares of Northrop Grumman by 12.0% during the 1st quarter. Royal Bank of Canada now owns 1,115,625 shares of the aerospace company’s stock worth $571,211,000 after buying an additional 119,693 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Stock Up 0.7%

Shares of NOC stock opened at $566.77 on Wednesday. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $640.90. The company has a quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 0.95. The firm has a fifty day moving average of $589.74 and a 200-day moving average of $549.56. The company has a market capitalization of $80.89 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 5.07 and a beta of 0.07.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share for the quarter, topping analysts’ consensus estimates of $6.43 by $1.24. The firm had revenue of $10.42 billion during the quarter, compared to analyst estimates of $10.68 billion. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $7.00 EPS. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, equities research analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NOC. Barclays increased their price target on shares of Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. upped their target price on shares of Northrop Grumman from $575.00 to $640.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft set a $700.00 price target on shares of Northrop Grumman and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Bank of America upped their price objective on shares of Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Finally, BTIG Research lifted their target price on Northrop Grumman from $630.00 to $680.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $646.94.

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.