Nomura Asset Management Co. Ltd. Raises Position in Northrop Grumman Corporation $NOC

Nomura Asset Management Co. Ltd. lifted its stake in Northrop Grumman Corporation (NYSE:NOC) by 4.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 47,946 shares of the aerospace company’s stock after purchasing an additional 1,910 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Northrop Grumman were worth $23,972,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Brighton Jones LLC increased its position in Northrop Grumman by 176.3% during the fourth quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock valued at $1,394,000 after acquiring an additional 1,895 shares during the last quarter. Bison Wealth LLC boosted its stake in shares of Northrop Grumman by 5.3% during the 4th 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. OneAscent Financial Services LLC grew its holdings in Northrop Grumman by 100.0% during the 1st quarter. OneAscent Financial Services LLC now owns 1,012 shares of the aerospace company’s stock valued at $518,000 after purchasing an additional 506 shares during the last quarter. Crestwood Advisors Group LLC raised its position in Northrop Grumman by 220.7% in the 1st quarter. Crestwood Advisors Group LLC now owns 2,652 shares of the aerospace company’s stock worth $1,358,000 after purchasing an additional 1,825 shares during the period. Finally, Ignite Planners LLC lifted its stake in Northrop Grumman by 20.3% in the first quarter. Ignite Planners LLC now owns 794 shares of the aerospace company’s stock worth $386,000 after purchasing an additional 134 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Trading Up 0.7%

NOC opened at $566.77 on Wednesday. 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 stock’s fifty day moving average is $589.74 and its two-hundred day moving average is $549.56. The company has a market capitalization of $80.89 billion, a P/E ratio of 20.39, a PEG ratio of 5.07 and a beta of 0.07. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $640.90.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.43 by $1.24. The business had revenue of $10.42 billion for the quarter, compared to the consensus estimate of $10.68 billion. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company 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.

Analyst Upgrades and Downgrades

NOC has been the topic of a number of analyst reports. UBS Group upped their target price on Northrop Grumman to $770.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. BNP Paribas Exane began coverage on Northrop Grumman in a report on Tuesday. They set an “outperform” rating and a $710.00 price objective for the company. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $700.00 target price on Northrop Grumman and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Finally, Morgan Stanley boosted their target price on shares of Northrop Grumman from $625.00 to $720.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $646.94.

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.