B. Riley Wealth Advisors Inc. Acquires New Position in Northrop Grumman Corporation $NOC

B. Riley Wealth Advisors Inc. acquired a new stake in Northrop Grumman Corporation (NYSE:NOC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,436 shares of the aerospace company’s stock, valued at approximately $1,218,000.

A number of other institutional investors have also modified their holdings of the stock. Parvin Asset Management LLC bought a new position in Northrop Grumman in the second quarter worth approximately $25,000. Saudi Central Bank purchased a new stake in shares of Northrop Grumman in the 1st quarter worth $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Northrop Grumman in the 2nd quarter worth $31,000. NewSquare Capital LLC grew its position in shares of Northrop Grumman by 75.0% during the 2nd quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after buying an additional 27 shares in the last quarter. Finally, Flaharty Asset Management LLC purchased a new position in shares of Northrop Grumman during the first quarter valued at $36,000. 83.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NOC has been the subject of a number of research reports. BTIG Research upped 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. BNP Paribas raised shares of Northrop Grumman to a “strong-buy” rating in a research report on Tuesday, November 18th. Wall Street Zen upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Morgan Stanley boosted their price objective on shares of Northrop Grumman from $625.00 to $720.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Finally, Alembic Global Advisors upgraded Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $662.00 target price for the company in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Northrop Grumman presently has a consensus rating of “Moderate Buy” and an average price target of $651.53.

Insider Activity at Northrop Grumman

In related news, Director Mark A. Welsh III sold 97 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $564.08, for a total value of $54,715.76. Following the transaction, the director owned 4,281 shares in the company, valued at approximately $2,414,826.48. This represents a 2.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is owned by company insiders.

Northrop Grumman Price Performance

Shares of NYSE NOC opened at $575.44 on Tuesday. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $640.90. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 1.11. The company has a market cap of $82.13 billion, a PE ratio of 20.70, a P/E/G ratio of 4.93 and a beta of 0.05. The business has a 50-day simple moving average of $579.28 and a two-hundred day simple moving average of $560.84.

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 during the quarter, compared to analysts’ expectations of $10.68 billion. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company posted $7.00 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, equities analysts expect that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently disclosed 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. This represents a $9.24 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, December 1st. Northrop Grumman’s dividend payout ratio (DPR) is presently 33.24%.

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.