Northrop Grumman Corporation $NOC Shares Bought by LSV Asset Management

LSV Asset Management lifted its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 7,066.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,500 shares of the aerospace company’s stock after acquiring an additional 21,200 shares during the period. LSV Asset Management’s holdings in Northrop Grumman were worth $10,750,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. raised its stake in Northrop Grumman by 4.1% during the second quarter. Nomura Asset Management Co. Ltd. now owns 47,946 shares of the aerospace company’s stock worth $23,972,000 after purchasing an additional 1,910 shares during the period. Midwest Professional Planners LTD. increased its holdings in shares of Northrop Grumman by 2.0% during the 2nd quarter. Midwest Professional Planners LTD. now owns 4,708 shares of the aerospace company’s stock worth $2,354,000 after buying an additional 92 shares during the last quarter. Symphony Financial Ltd. Co. purchased a new position in shares of Northrop Grumman in the 2nd quarter worth $32,698,000. Western Wealth Management LLC raised its position in shares of Northrop Grumman by 25.2% in the 2nd quarter. Western Wealth Management LLC now owns 1,869 shares of the aerospace company’s stock worth $935,000 after buying an additional 376 shares during the period. Finally, Itau Unibanco Holding S.A. boosted its holdings in Northrop Grumman by 56.9% in the second quarter. Itau Unibanco Holding S.A. now owns 6,011 shares of the aerospace company’s stock valued at $3,005,000 after acquiring an additional 2,180 shares during the last quarter. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Susquehanna upped their price target on Northrop Grumman from $650.00 to $690.00 and gave the stock a “positive” 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 target price for the company. Morgan Stanley increased their target price on shares of Northrop Grumman from $625.00 to $720.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Truist Financial raised their price target on shares of Northrop Grumman from $625.00 to $688.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Finally, BTIG Research boosted their price objective on shares of Northrop Grumman from $630.00 to $680.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Two equities research analysts have 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. Based on data from MarketBeat, Northrop Grumman presently has an average rating of “Moderate Buy” and an average price target of $646.94.

Northrop Grumman Price Performance

NOC stock opened at $565.16 on Thursday. The firm has a market cap of $80.66 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 5.07 and a beta of 0.07. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 1.11. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $640.90. The stock has a 50-day simple moving average of $589.45 and a 200-day simple moving average of $549.67.

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

Northrop Grumman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st will be paid a $2.31 dividend. The ex-dividend date is Monday, December 1st. This represents a $9.24 annualized dividend and a dividend yield of 1.6%. Northrop Grumman’s dividend payout ratio is 33.24%.

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.