Hennion & Walsh Asset Management Inc. Has $5.80 Million Stock Holdings in Northrop Grumman Corporation $NOC

Hennion & Walsh Asset Management Inc. increased its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 23.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 9,512 shares of the aerospace company’s stock after acquiring an additional 1,792 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Northrop Grumman were worth $5,796,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Parvin Asset Management LLC acquired a new stake in Northrop Grumman during the second quarter valued at approximately $25,000. NewSquare Capital LLC raised its holdings in shares of Northrop Grumman by 75.0% in 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. Twin Peaks Wealth Advisors LLC bought a new position in shares of Northrop Grumman during the 2nd quarter worth approximately $31,000. Flaharty Asset Management LLC acquired a new stake in Northrop Grumman in the 1st quarter valued at $36,000. Finally, AlphaQuest LLC grew its position in Northrop Grumman by 29.2% in the second quarter. AlphaQuest LLC now owns 93 shares of the aerospace company’s stock valued at $46,000 after acquiring an additional 21 shares during the period. Institutional investors own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NOC. JPMorgan Chase & Co. lifted their price objective on Northrop Grumman from $575.00 to $640.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Northrop Grumman in a research report on Wednesday, December 24th. Citigroup started coverage on shares of Northrop Grumman in a research report on Thursday, December 11th. They set a “buy” rating and a $654.00 target price for the company. BTIG Research lifted their price target on shares of Northrop Grumman from $630.00 to $680.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, UBS Group boosted their price target on shares of Northrop Grumman to $770.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $651.18.

Insider Buying and Selling at Northrop Grumman

In other news, Director Mark A. Welsh III sold 97 shares of Northrop Grumman stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $564.08, for a total transaction of $54,715.76. Following the transaction, the director owned 4,281 shares in the company, valued at $2,414,826.48. The trade was a 2.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.23% of the stock is owned by company insiders.

Northrop Grumman Stock Performance

Northrop Grumman stock opened at $610.95 on Tuesday. The stock has a 50-day simple moving average of $569.01 and a 200 day simple moving average of $569.71. The stock has a market capitalization of $87.20 billion, a price-to-earnings ratio of 21.98, a P/E/G ratio of 4.86 and a beta of 0.05. 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 Corporation has a 12-month low of $426.24 and a 12-month high of $640.90.

Northrop Grumman (NYSE:NOC) last issued 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. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The company had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter in the previous year, the company 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, research analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Monday, December 1st were issued a $2.31 dividend. This represents a $9.24 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, December 1st. Northrop Grumman’s dividend payout ratio is 33.24%.

Northrop Grumman Profile

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.