Harel Insurance Investments & Financial Services Ltd. Has $49.81 Million Position in Northrop Grumman Corporation $NOC

Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 4.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,747 shares of the aerospace company’s stock after purchasing an additional 3,215 shares during the period. Harel Insurance Investments & Financial Services Ltd. owned approximately 0.06% of Northrop Grumman worth $49,810,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Coign Capital Advisors LLC boosted its holdings in shares of Northrop Grumman by 1.3% in the second quarter. Coign Capital Advisors LLC now owns 1,294 shares of the aerospace company’s stock valued at $647,000 after buying an additional 17 shares during the period. Howard Financial Services LTD. lifted its position in Northrop Grumman by 1.5% in the 3rd quarter. Howard Financial Services LTD. now owns 1,127 shares of the aerospace company’s stock valued at $687,000 after acquiring an additional 17 shares in the last quarter. West Wealth Group LLC lifted its position in Northrop Grumman by 4.3% in the 3rd quarter. West Wealth Group LLC now owns 412 shares of the aerospace company’s stock valued at $251,000 after acquiring an additional 17 shares in the last quarter. King Luther Capital Management Corp boosted its stake in Northrop Grumman by 1.5% in the 2nd 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 during the period. Finally, Dakota Community Bank & Trust NA increased its holdings in Northrop Grumman by 6.9% during the 3rd quarter. Dakota Community Bank & Trust NA now owns 278 shares of the aerospace company’s stock worth $169,000 after purchasing an additional 18 shares in the last quarter. 83.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Alembic Global Advisors upgraded Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $662.00 price target on the stock in a report on Monday, December 15th. Weiss Ratings restated a “buy (b)” rating on shares of Northrop Grumman in a research note on Wednesday, December 24th. Susquehanna reaffirmed a “positive” rating and set a $752.00 price target on shares of Northrop Grumman in a research report on Thursday. Morgan Stanley reiterated an “overweight” rating and issued a $714.00 price objective on shares of Northrop Grumman in a report on Tuesday, December 16th. Finally, BNP Paribas Exane started coverage on shares of Northrop Grumman in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $710.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Northrop Grumman has an average rating of “Moderate Buy” and an average target price of $656.82.

Northrop Grumman Trading Up 1.9%

Shares of NOC stock opened at $667.02 on Friday. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $669.68. The company has a market capitalization of $95.20 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 5.41 and a beta of 0.05. The firm has a 50 day moving average price of $577.39 and a two-hundred day moving average price of $577.36. The company has a quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 0.95.

Northrop Grumman (NYSE:NOC) last announced 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. The company 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%.The firm’s quarterly revenue 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, analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, December 1st were paid a $2.31 dividend. The ex-dividend date was Monday, December 1st. This represents a $9.24 annualized dividend and a dividend yield of 1.4%. Northrop Grumman’s dividend payout ratio is 33.24%.

Insider Activity

In related news, Director Mark A. Welsh III sold 97 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $564.08, for a total transaction of $54,715.76. Following the transaction, the director directly owned 4,281 shares of the company’s stock, valued at approximately $2,414,826.48. This trade represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kathy J. Warden sold 7,000 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $600.00, for a total transaction of $4,200,000.00. Following the completion of the sale, the chief executive officer directly owned 194,602 shares of the company’s stock, valued at $116,761,200. This represents a 3.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,097 shares of company stock worth $6,099,716 over the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

About Northrop Grumman

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.