406 Shares in Northrop Grumman Corporation $NOC Bought by Klingman & Associates LLC

Klingman & Associates LLC acquired a new position in Northrop Grumman Corporation (NYSE:NOC) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 406 shares of the aerospace company’s stock, valued at approximately $203,000.

Other large investors have also recently bought and sold shares of the company. IMA Advisory Services Inc. bought a new stake in Northrop Grumman in the first quarter worth $27,000. Saudi Central Bank bought a new stake in Northrop Grumman in the first quarter worth $28,000. Banque Cantonale Vaudoise bought a new stake in Northrop Grumman in the first quarter worth $30,000. Flaharty Asset Management LLC bought a new stake in Northrop Grumman in the first quarter worth $36,000. Finally, Hollencrest Capital Management boosted its holdings in Northrop Grumman by 790.0% in the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock worth $45,000 after purchasing an additional 79 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on NOC. Wall Street Zen upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Bank of America upped their price target on shares of Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Barclays upped their price target on shares of Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. upped their price target on shares of Northrop Grumman from $480.00 to $585.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Finally, Morgan Stanley upped their price target on shares of Northrop Grumman from $625.00 to $720.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $617.50.

Northrop Grumman Stock Down 0.4%

Shares of NOC opened at $599.45 on Wednesday. The company has a 50-day simple moving average of $593.28 and a 200-day simple moving average of $538.58. The firm has a market capitalization of $85.83 billion, a P/E ratio of 22.10, a P/E/G ratio of 5.85 and a beta of 0.10. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $640.90.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, beating analysts’ consensus estimates of $6.43 by $1.24. The business had revenue of $10.42 billion during the quarter, compared to analyst estimates of $10.68 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.00 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, equities research analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were given a dividend of $2.31 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.5%. Northrop Grumman’s dividend payout ratio is currently 34.06%.

Northrop Grumman Company Profile

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.