HBK Sorce Advisory LLC Buys 1,160 Shares of Northrop Grumman Corporation $NOC

HBK Sorce Advisory LLC boosted its position in Northrop Grumman Corporation (NYSE:NOC) by 71.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,777 shares of the aerospace company’s stock after buying an additional 1,160 shares during the period. HBK Sorce Advisory LLC’s holdings in Northrop Grumman were worth $1,772,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Parvin Asset Management LLC acquired a new stake in Northrop Grumman in the second quarter valued at approximately $25,000. Saudi Central Bank acquired a new stake in Northrop Grumman in the 1st quarter valued at $28,000. NewSquare Capital LLC increased its stake in Northrop Grumman by 75.0% during the 2nd quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 27 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in Northrop Grumman during the 2nd quarter valued at $31,000. Finally, Flaharty Asset Management LLC acquired a new position in Northrop Grumman during the first quarter worth $36,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Northrop Grumman news, Director Mark A. Welsh III sold 97 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $564.08, for a total transaction of $54,715.76. Following the completion of the transaction, the director directly owned 4,281 shares of the company’s stock, valued at approximately $2,414,826.48. This represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NOC. Wall Street Zen raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Northrop Grumman in a research note on Tuesday, October 14th. UBS Group boosted their price objective on Northrop Grumman to $770.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft set a $700.00 target price on Northrop Grumman and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, BNP Paribas Exane initiated coverage on Northrop Grumman in a report on Tuesday, November 18th. They set an “outperform” rating and a $710.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $651.18.

Northrop Grumman Stock Down 0.8%

Shares of NYSE:NOC opened at $579.84 on Wednesday. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $640.90. The company has a market capitalization of $82.75 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 5.03 and a beta of 0.05. The business has a fifty day moving average price of $572.51 and a two-hundred day moving average price of $564.37. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 0.98.

Northrop Grumman (NYSE:NOC) last issued its quarterly 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 company had revenue of $10.42 billion for the quarter, compared to the consensus estimate of $10.68 billion. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $7.00 EPS. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st were paid a dividend of $2.31 per share. The ex-dividend date was Monday, December 1st. This represents a $9.24 annualized dividend and a dividend yield of 1.6%. Northrop Grumman’s dividend payout ratio (DPR) is presently 33.24%.

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.