Koshinski Asset Management Inc. Raises Position in Northrop Grumman Corporation $NOC

Key Points

• Koshinski Asset Management Inc. has increased its stake in Northrop Grumman by 59.1%, resulting in an ownership of 1,395 shares valued at approximately $697,000.
• Northrop Grumman recently reported quarterly earnings of $7.11 EPS, exceeding analysts' expectations of $6.84, alongside a revenue of $10.35 billion.
• The company's stock is currently rated as a "Moderate Buy" with a consensus price target of $613.15, reflecting growing investor confidence.

Koshinski Asset Management Inc. boosted its stake in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 59.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,395 shares of the aerospace company's stock after buying an additional 518 shares during the quarter. Koshinski Asset Management Inc.'s holdings in Northrop Grumman were worth $697,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Foster & Motley Inc. lifted its stake in Northrop Grumman by 34.2% in the 2nd quarter. Foster & Motley Inc. now owns 13,032 shares of the aerospace company's stock valued at $6,516,000 after buying an additional 3,321 shares in the last quarter. Arista Wealth Management LLC purchased a new position in Northrop Grumman in the 2nd quarter valued at about $2,106,000. Stratos Wealth Partners LTD. raised its holdings in Northrop Grumman by 16.8% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 6,619 shares of the aerospace company's stock valued at $3,310,000 after acquiring an additional 952 shares during the last quarter. Werba Rubin Papier Wealth Management acquired a new stake in Northrop Grumman in the 2nd quarter valued at about $277,000. Finally, Evernest Financial Advisors LLC raised its holdings in Northrop Grumman by 12.6% in the 2nd quarter. Evernest Financial Advisors LLC now owns 789 shares of the aerospace company's stock valued at $394,000 after acquiring an additional 88 shares during the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Stock Down 0.8%

Shares of NYSE NOC opened at $594.15 on Monday. The company has a 50 day simple moving average of $592.48 and a 200-day simple moving average of $537.35. The company has a market capitalization of $85.07 billion, a P/E ratio of 21.90, a P/E/G ratio of 5.78 and a beta of 0.10. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $640.90.

Northrop Grumman (NYSE:NOC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.84 by $0.27. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.15 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The business's revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, equities research analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were issued a $2.31 dividend. This represents a $9.24 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman's dividend payout ratio (DPR) is 34.06%.

Analyst Upgrades and Downgrades

NOC has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Northrop Grumman from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Morgan Stanley increased their price objective on shares of Northrop Grumman from $625.00 to $720.00 and gave the company an "overweight" rating in a report on Wednesday. Susquehanna increased their price objective on shares of Northrop Grumman from $557.00 to $650.00 and gave the company a "positive" rating in a report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $700.00 price objective on shares of Northrop Grumman and gave the company a "buy" rating in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Northrop Grumman from $480.00 to $585.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Northrop Grumman presently has a consensus rating of "Moderate Buy" and a consensus price target of $613.15.

About Northrop Grumman

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.

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