Legal Advantage Investments Inc. Sells 450 Shares of Northrop Grumman Corporation $NOC

Legal Advantage Investments Inc. reduced its position in Northrop Grumman Corporation (NYSE:NOC) by 6.8% in the 2nd quarter, Holdings Channel reports. The firm owned 6,191 shares of the aerospace company’s stock after selling 450 shares during the quarter. Northrop Grumman comprises approximately 1.4% of Legal Advantage Investments Inc.’s investment portfolio, making the stock its 28th biggest position. Legal Advantage Investments Inc.’s holdings in Northrop Grumman were worth $3,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of NOC. Brighton Jones LLC lifted its position in Northrop Grumman by 176.3% in the fourth quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock worth $1,394,000 after purchasing an additional 1,895 shares during the period. Bison Wealth LLC lifted its position in Northrop Grumman by 5.3% in the fourth quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock worth $301,000 after purchasing an additional 32 shares during the period. Wealthcare Advisory Partners LLC lifted its position in Northrop Grumman by 2.8% in the first quarter. Wealthcare Advisory Partners LLC now owns 1,319 shares of the aerospace company’s stock worth $675,000 after purchasing an additional 36 shares during the period. GAMMA Investing LLC lifted its position in Northrop Grumman by 8.6% in the first quarter. GAMMA Investing LLC now owns 2,969 shares of the aerospace company’s stock worth $1,520,000 after purchasing an additional 236 shares during the period. Finally, CX Institutional raised its stake in Northrop Grumman by 25.1% during the first quarter. CX Institutional now owns 987 shares of the aerospace company’s stock worth $505,000 after acquiring an additional 198 shares in the last quarter. 83.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NOC. Weiss Ratings restated a “buy (b)” rating on shares of Northrop Grumman in a research note on Saturday, September 27th. Deutsche Bank Aktiengesellschaft set a $700.00 target price on shares of Northrop Grumman and gave the company a “buy” rating in a research note on Wednesday. Robert W. Baird boosted their target price on shares of Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Susquehanna boosted their target price on shares of Northrop Grumman from $557.00 to $650.00 and gave the company a “positive” rating in a research note on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Northrop Grumman from $480.00 to $585.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Northrop Grumman currently has a consensus rating of “Moderate Buy” and an average target price of $601.00.

Northrop Grumman Stock Performance

Northrop Grumman stock opened at $623.51 on Friday. The company has a market cap of $89.28 billion, a PE ratio of 22.98, a PEG ratio of 5.97 and a beta of 0.10. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $640.90. The company’s 50-day moving average is $590.32 and its two-hundred day moving average is $533.84.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share for the quarter, topping analysts’ consensus estimates of $6.84 by $0.27. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same period in the previous year, the firm posted $6.36 earnings per share. Northrop Grumman’s revenue for the quarter was up 1.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Equities analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were paid 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 payout ratio is 34.06%.

Northrop Grumman 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.