Tyche Wealth Partners LLC Has $415,000 Stock Position in Northrop Grumman Corporation $NOC

Tyche Wealth Partners LLC boosted its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 2.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 830 shares of the aerospace company’s stock after purchasing an additional 20 shares during the period. Tyche Wealth Partners LLC’s holdings in Northrop Grumman were worth $415,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IMA Advisory Services Inc. acquired a new stake in shares of Northrop Grumman in the first quarter worth about $27,000. Saudi Central Bank acquired a new stake in shares of Northrop Grumman in the first quarter worth about $28,000. Banque Cantonale Vaudoise acquired a new stake in shares of Northrop Grumman in the first quarter worth about $30,000. Flaharty Asset Management LLC acquired a new stake in shares of Northrop Grumman in the first quarter worth about $36,000. Finally, Hollencrest Capital Management lifted its position in shares of Northrop Grumman by 790.0% in the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock worth $45,000 after buying an additional 79 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on NOC. Susquehanna boosted their price target on Northrop Grumman from $557.00 to $650.00 and gave the stock a “positive” rating in a research report on Tuesday, July 22nd. Truist Financial reiterated a “buy” rating and issued a $625.00 price objective (up from $550.00) on shares of Northrop Grumman in a research note on Wednesday, July 23rd. Wall Street Zen upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. 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. Finally, Bank of America lifted their price objective on Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $588.85.

Northrop Grumman Trading Up 0.6%

Shares of NOC opened at $622.00 on Wednesday. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $627.81. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $89.06 billion, a price-to-earnings ratio of 22.93, a P/E/G ratio of 5.92 and a beta of 0.10. The stock’s 50-day moving average price is $587.11 and its 200 day moving average price is $531.14.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results 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. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same period in the previous year, the company posted $6.36 earnings per share. The company’s quarterly 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. As a group, research analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

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

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.