ARS Investment Partners LLC Increases Stake in Northrop Grumman Corporation $NOC

ARS Investment Partners LLC boosted its stake in Northrop Grumman Corporation (NYSE:NOC) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,477 shares of the aerospace company’s stock after buying an additional 117 shares during the period. ARS Investment Partners LLC’s holdings in Northrop Grumman were worth $10,738,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Coign Capital Advisors LLC boosted its position in shares of Northrop Grumman by 1.3% during the second quarter. Coign Capital Advisors LLC now owns 1,294 shares of the aerospace company’s stock valued at $647,000 after purchasing an additional 17 shares in the last quarter. King Luther Capital Management Corp raised its holdings in Northrop Grumman by 1.5% in the second quarter. King Luther Capital Management Corp now owns 1,243 shares of the aerospace company’s stock worth $621,000 after purchasing an additional 18 shares in the last quarter. CNB Bank lifted its position in Northrop Grumman by 0.8% during the second quarter. CNB Bank now owns 2,521 shares of the aerospace company’s stock valued at $1,260,000 after buying an additional 19 shares during the period. Capital Investment Advisors LLC boosted its holdings in shares of Northrop Grumman by 1.0% during the 2nd quarter. Capital Investment Advisors LLC now owns 2,049 shares of the aerospace company’s stock valued at $1,025,000 after buying an additional 20 shares in the last quarter. Finally, Tyche Wealth Partners LLC grew its position in shares of Northrop Grumman by 2.5% in the 2nd quarter. Tyche Wealth Partners LLC now owns 830 shares of the aerospace company’s stock worth $415,000 after buying an additional 20 shares during the period. 83.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NOC has been the subject of a number of recent research reports. Sanford C. Bernstein set a $696.00 price target on shares of Northrop Grumman in a research report on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Northrop Grumman in a research note on Tuesday, October 14th. JPMorgan Chase & Co. boosted their price target on Northrop Grumman from $575.00 to $640.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. BTIG Research upped their price target on Northrop Grumman from $630.00 to $680.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, Barclays raised their price objective on Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Northrop Grumman currently has a consensus rating of “Moderate Buy” and an average target price of $646.94.

Northrop Grumman Trading Up 0.7%

Northrop Grumman stock opened at $566.77 on Wednesday. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $640.90. The business’s fifty day moving average is $589.74 and its 200 day moving average is $549.56. The stock has a market capitalization of $80.89 billion, a PE ratio of 20.39, 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 current ratio of 1.11 and a quick ratio of 0.98.

Northrop Grumman (NYSE:NOC) last issued its 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. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The business had revenue of $10.42 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the previous year, the firm earned $7.00 EPS. Northrop Grumman’s revenue was up 4.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, sell-side analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current year.

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.