Nuance Investments LLC Invests $4.64 Million in Northrop Grumman Corporation $NOC

Nuance Investments LLC acquired a new stake in Northrop Grumman Corporation (NYSE:NOC) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 9,113 shares of the aerospace company’s stock, valued at approximately $4,642,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Life Planners acquired a new position in Northrop Grumman in the 1st quarter valued at $30,000. Torren Management LLC acquired a new position in shares of Northrop Grumman in the 4th quarter valued at approximately $26,000. Karpus Management Inc. acquired a new position in Northrop Grumman during the fourth quarter valued at approximately $26,000. Whipplewood Advisors LLC raised its holdings in shares of Northrop Grumman by 380.0% during the 1st quarter. Whipplewood Advisors LLC now owns 48 shares of the aerospace company’s stock worth $33,000 after buying an additional 38 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Northrop Grumman in the fourth quarter worth about $29,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on NOC shares. Citigroup increased their price target on Northrop Grumman from $617.00 to $667.00 and gave the company a “buy” rating in a research note on Thursday. Susquehanna dropped their price target on shares of Northrop Grumman from $785.00 to $655.00 and set a “positive” rating on the stock in a research report on Wednesday, July 22nd. Morgan Stanley set a $745.00 target price on Northrop Grumman in a research report on Wednesday, July 15th. Wells Fargo & Company reissued an “overweight” rating and set a $620.00 target price on shares of Northrop Grumman in a research note on Wednesday, July 8th. Finally, Jefferies Financial Group reduced their price objective on Northrop Grumman from $620.00 to $580.00 and set a “hold” rating for the company in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and a consensus target price of $659.30.

Insider Buying and Selling at Northrop Grumman

In related news, Director Mark A. Welsh III sold 95 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $547.53, for a total transaction of $52,015.35. Following the sale, the director directly owned 4,393 shares in the company, valued at approximately $2,405,299.29. The trade was a 2.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

Northrop Grumman Stock Performance

NOC stock opened at $570.59 on Tuesday. Northrop Grumman Corporation has a 12-month low of $479.02 and a 12-month high of $774.00. The business has a 50 day moving average of $539.49 and a 200-day moving average of $612.84. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. The firm has a market cap of $81.04 billion, a PE ratio of 18.13, a P/E/G ratio of 3.79 and a beta of -0.11.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, beating analysts’ consensus estimates of $6.82 by $0.86. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The firm had revenue of $10.88 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the previous year, the company earned $8.15 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, sell-side analysts expect that Northrop Grumman Corporation will post 28.97 earnings per share for the current year.

Northrop Grumman Company 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.