Kingswood Wealth Advisors LLC Cuts Stake in Northrop Grumman Corporation $NOC

Kingswood Wealth Advisors LLC reduced its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 5.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,725 shares of the aerospace company’s stock after selling 168 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Northrop Grumman were worth $1,362,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Northrop Grumman by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 13,266,301 shares of the aerospace company’s stock worth $6,792,479,000 after buying an additional 588,520 shares during the period. Wellington Management Group LLP lifted its stake in Northrop Grumman by 23.4% in the first quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company’s stock worth $2,631,390,000 after acquiring an additional 974,633 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Northrop Grumman by 10.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,241,144 shares of the aerospace company’s stock worth $1,147,489,000 after acquiring an additional 210,500 shares during the last quarter. Invesco Ltd. lifted its stake in Northrop Grumman by 12.1% in the first quarter. Invesco Ltd. now owns 1,944,186 shares of the aerospace company’s stock worth $995,443,000 after acquiring an additional 210,506 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in Northrop Grumman by 12.0% in the first quarter. Royal Bank of Canada now owns 1,115,625 shares of the aerospace company’s stock worth $571,211,000 after acquiring an additional 119,693 shares during the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Stock Up 0.6%

NOC stock opened at $622.00 on Wednesday. The company has a fifty day moving average price of $587.11 and a 200 day moving average price of $531.14. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $627.81. The company has a market cap of $89.06 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 5.92 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 (NYSE:NOC) last announced its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.84 by $0.27. The company had revenue of $10.35 billion for the quarter, compared to analysts’ expectations of $10.15 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. Northrop Grumman’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Sell-side analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

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

Analyst Upgrades and Downgrades

NOC has been the subject of a number of recent research reports. Sanford C. Bernstein reiterated a “market perform” rating on shares of Northrop Grumman in a research note on Monday, July 14th. Susquehanna lifted their price target 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. Robert W. Baird boosted their price objective on shares of Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Northrop Grumman from $480.00 to $585.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Finally, Barclays boosted their price objective on shares of Northrop Grumman from $500.00 to $580.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Northrop Grumman has a consensus rating of “Moderate Buy” and a consensus 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.