Avantax Advisory Services Inc. Acquires 449 Shares of Northrop Grumman Corporation $NOC

Avantax Advisory Services Inc. raised its stake in Northrop Grumman Corporation (NYSE:NOC) by 3.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,927 shares of the aerospace company’s stock after acquiring an additional 449 shares during the period. Avantax Advisory Services Inc.’s holdings in Northrop Grumman were worth $5,963,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. First United Bank & Trust increased its position in shares of Northrop Grumman by 641.0% during the 2nd quarter. First United Bank & Trust now owns 778 shares of the aerospace company’s stock valued at $389,000 after purchasing an additional 673 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Northrop Grumman by 12.2% in the first quarter. Goldman Sachs Group Inc. now owns 792,707 shares of the aerospace company’s stock worth $405,874,000 after buying an additional 86,215 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Northrop Grumman by 1,989.8% during the 1st quarter. Jones Financial Companies Lllp now owns 125,867 shares of the aerospace company’s stock worth $64,445,000 after acquiring an additional 119,844 shares during the period. Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in Northrop Grumman by 29.4% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 1,848 shares of the aerospace company’s stock worth $924,000 after buying an additional 420 shares during the period. Finally, Ally Financial Inc. raised its stake in Northrop Grumman by 50.0% during the 1st quarter. Ally Financial Inc. now owns 3,000 shares of the aerospace company’s stock valued at $1,536,000 after purchasing an additional 1,000 shares during the period. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Robert W. Baird raised their target price on shares of Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. BNP Paribas Exane began coverage on shares of Northrop Grumman in a report on Tuesday. They issued an “outperform” rating and a $710.00 price target on the stock. Wall Street Zen upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Susquehanna upped their target price on Northrop Grumman from $650.00 to $690.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Finally, BTIG Research raised their price target on Northrop Grumman from $630.00 to $680.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. One 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 company has an average rating of “Moderate Buy” and a consensus price target of $646.94.

Northrop Grumman Trading Up 0.7%

Shares of NYSE:NOC opened at $566.77 on Wednesday. The company has a market capitalization of $80.89 billion, a PE ratio of 20.39, a P/E/G ratio of 5.07 and a beta of 0.07. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $640.90. The business’s fifty day simple moving average is $589.74 and its 200-day simple moving average is $549.56.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share for the quarter, beating 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 return on equity of 25.49% and a net margin of 9.82%.The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $7.00 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, equities research analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal 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.