Northrop Grumman Corporation $NOC Shares Sold by TBH Global Asset Management LLC

TBH Global Asset Management LLC reduced its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 3.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,469 shares of the aerospace company’s stock after selling 47 shares during the period. TBH Global Asset Management LLC’s holdings in Northrop Grumman were worth $734,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. KG&L Capital Management LLC acquired a new position in Northrop Grumman during the 2nd quarter worth about $280,000. Spirepoint Private Client LLC increased its stake in Northrop Grumman by 1.7% during the second quarter. Spirepoint Private Client LLC now owns 15,543 shares of the aerospace company’s stock worth $7,771,000 after purchasing an additional 254 shares during the period. Diversified Enterprises LLC lifted its position in shares of Northrop Grumman by 9.8% during the second quarter. Diversified Enterprises LLC now owns 492 shares of the aerospace company’s stock worth $246,000 after purchasing an additional 44 shares in the last quarter. Valicenti Advisory Services Inc. boosted its stake in shares of Northrop Grumman by 2.1% in the second quarter. Valicenti Advisory Services Inc. now owns 10,300 shares of the aerospace company’s stock valued at $5,150,000 after purchasing an additional 214 shares during the period. Finally, Signaturefd LLC grew its holdings in shares of Northrop Grumman by 3.4% in the second quarter. Signaturefd LLC now owns 3,698 shares of the aerospace company’s stock valued at $1,849,000 after purchasing an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Price Performance

Shares of NOC opened at $594.50 on Friday. The firm has a market capitalization of $85.12 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 5.69 and a beta of 0.13. The firm’s fifty day simple moving average is $580.34 and its 200-day simple moving average is $525.34. Northrop Grumman Corporation has a twelve month low of $426.24 and a twelve month high of $600.99. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, topping analysts’ consensus estimates of $6.84 by $0.27. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter in the previous year, the firm posted $6.36 earnings per share. The company’s revenue was up 1.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Equities analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NOC. Susquehanna upped their target price on shares of Northrop Grumman from $557.00 to $650.00 and gave the stock a “positive” rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada upped their price objective on Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $542.00 price objective (down from $580.00) on shares of Northrop Grumman in a research note on Tuesday, July 8th. Robert W. Baird boosted their target price on Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Truist Financial restated a “buy” rating and set a $625.00 price target (up previously from $550.00) on shares of Northrop Grumman in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $588.85.

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.