Calamos Wealth Management LLC Lowers Holdings in Northrop Grumman Corporation $NOC

Calamos Wealth Management LLC reduced its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 5.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 459 shares of the aerospace company’s stock after selling 24 shares during the quarter. Calamos Wealth Management LLC’s holdings in Northrop Grumman were worth $229,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Chicago Partners Investment Group LLC lifted its stake in shares of Northrop Grumman by 349.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,732 shares of the aerospace company’s stock worth $1,866,000 after purchasing an additional 2,902 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Northrop Grumman during the 2nd quarter worth $29,049,000. Signature Estate & Investment Advisors LLC lifted its stake in shares of Northrop Grumman by 2.1% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 3,848 shares of the aerospace company’s stock worth $1,924,000 after purchasing an additional 79 shares during the last quarter. Koshinski Asset Management Inc. lifted its stake in shares of Northrop Grumman by 59.1% during the 2nd quarter. Koshinski Asset Management Inc. now owns 1,395 shares of the aerospace company’s stock worth $697,000 after purchasing an additional 518 shares during the last quarter. Finally, Foster & Motley Inc. lifted its stake in shares of Northrop Grumman by 34.2% during the 2nd quarter. Foster & Motley Inc. now owns 13,032 shares of the aerospace company’s stock worth $6,516,000 after purchasing an additional 3,321 shares during the last quarter. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NOC has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Northrop Grumman in a research note on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft set a $700.00 price objective on Northrop Grumman and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Robert W. Baird increased their price target on Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Wells Fargo & Company reiterated an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. Finally, Bank of America increased their price target on Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Northrop Grumman currently has a consensus rating of “Moderate Buy” and a consensus target price of $613.15.

Northrop Grumman Stock Down 0.8%

Shares of NOC stock opened at $594.15 on Monday. The stock’s 50-day simple moving average is $592.48 and its 200-day simple moving average is $537.35. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The firm has a market capitalization of $85.07 billion, a PE ratio of 21.90, a P/E/G ratio of 5.78 and a beta of 0.10. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $640.90.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share for the quarter, beating analysts’ consensus estimates of $6.84 by $0.27. The business had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.15 billion. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The company’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company earned $6.36 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Equities 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. Stockholders 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 1.6%. Northrop Grumman’s dividend payout ratio is currently 34.06%.

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.