Northrop Grumman Corporation $NOC Shares Sold by Blair William & Co. IL

Blair William & Co. IL decreased its holdings in Northrop Grumman Corporation (NYSE:NOC) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,405 shares of the aerospace company’s stock after selling 266 shares during the period. Blair William & Co. IL’s holdings in Northrop Grumman were worth $8,202,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. IMA Advisory Services Inc. acquired a new position in Northrop Grumman in the first quarter worth approximately $27,000. Saudi Central Bank bought a new stake in shares of Northrop Grumman in the first quarter valued at approximately $28,000. Banque Cantonale Vaudoise bought a new stake in shares of Northrop Grumman in the first quarter valued at approximately $30,000. Flaharty Asset Management LLC bought a new stake in shares of Northrop Grumman in the first quarter valued at approximately $36,000. Finally, Hollencrest Capital Management lifted its position in 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 purchasing an additional 79 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Trading Down 1.8%

NYSE:NOC opened at $623.51 on Friday. Northrop Grumman Corporation has a twelve month low of $426.24 and a twelve month high of $640.90. 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 business has a 50 day moving average price of $590.32 and a two-hundred day moving average price of $533.84. The company has a market cap of $89.28 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 5.97 and a beta of 0.10.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter in the prior year, the firm posted $6.36 EPS. The business’s revenue was up 1.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. As a group, analysts expect that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $2.31 per share. The ex-dividend date 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%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Northrop Grumman in a report on Saturday, September 27th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Northrop Grumman in a report on Monday, July 14th. Truist Financial reissued a “buy” rating and set a $625.00 price objective (up from $550.00) on shares of Northrop Grumman in a report on Wednesday, July 23rd. Finally, Robert W. Baird increased their price target on shares of Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $601.00.

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.