Northrop Grumman Corporation $NOC Shares Bought by Marietta Wealth Management LLC

Marietta Wealth Management LLC increased its stake in Northrop Grumman Corporation (NYSE:NOC) by 3.9% in the second quarter, Holdings Channel reports. The firm owned 6,520 shares of the aerospace company’s stock after purchasing an additional 245 shares during the period. Marietta Wealth Management LLC’s holdings in Northrop Grumman were worth $3,260,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of NOC. IMA Advisory Services Inc. acquired a new stake in Northrop Grumman during the 1st quarter valued at approximately $27,000. Saudi Central Bank acquired a new stake in Northrop Grumman during the 1st quarter valued at approximately $28,000. Banque Cantonale Vaudoise acquired a new position in shares of Northrop Grumman in the 1st quarter valued at $30,000. Flaharty Asset Management LLC acquired a new position in shares of Northrop Grumman in the 1st quarter valued at $36,000. Finally, Hollencrest Capital Management lifted its stake in shares of Northrop Grumman by 790.0% in the 1st quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock valued at $45,000 after purchasing an additional 79 shares during the period. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Price Performance

Northrop Grumman stock opened at $610.32 on Friday. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $610.85. The firm has a market capitalization of $87.39 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 5.84 and a beta of 0.10. The company has a fifty day simple moving average of $585.11 and a 200-day simple moving average of $529.33. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98.

Northrop Grumman (NYSE:NOC) last released its 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. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The business had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same quarter in the prior year, the firm earned $6.36 earnings per share. The company’s revenue for the quarter 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. On average, equities analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were issued a $2.31 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.5%. Northrop Grumman’s dividend payout ratio is currently 34.06%.

Analysts Set New Price Targets

Several research firms recently issued reports on NOC. Barclays boosted their target price on shares of Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Northrop Grumman in a research note on Saturday, September 27th. JPMorgan Chase & Co. boosted their target price on shares of Northrop Grumman from $480.00 to $585.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada boosted their target price on shares of Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Finally, Wells Fargo & Company reiterated an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $588.85.

Northrop Grumman Company 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.