Stratos Wealth Partners LTD. Has $3.31 Million Stock Position in Northrop Grumman Corporation $NOC

Stratos Wealth Partners LTD. boosted its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 16.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,619 shares of the aerospace company’s stock after purchasing an additional 952 shares during the period. Stratos Wealth Partners LTD.’s holdings in Northrop Grumman were worth $3,310,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Werba Rubin Papier Wealth Management bought a new stake in Northrop Grumman during the second quarter worth about $277,000. Evernest Financial Advisors LLC boosted its holdings in shares of Northrop Grumman by 12.6% in the 2nd quarter. Evernest Financial Advisors LLC now owns 789 shares of the aerospace company’s stock worth $394,000 after acquiring an additional 88 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in Northrop Grumman during the 2nd quarter worth approximately $374,000. Patten & Patten Inc. TN increased its holdings in Northrop Grumman by 9.2% during the 2nd quarter. Patten & Patten Inc. TN now owns 3,743 shares of the aerospace company’s stock valued at $1,871,000 after purchasing an additional 315 shares in the last quarter. Finally, Rosenberg Matthew Hamilton increased its holdings in Northrop Grumman by 7.2% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 448 shares of the aerospace company’s stock valued at $224,000 after purchasing an additional 30 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Stock Down 0.8%

Shares of Northrop Grumman stock opened at $594.15 on Monday. 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 Corporation has a 12 month low of $426.24 and a 12 month high of $640.90. The stock has a market cap of $85.07 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 5.78 and a beta of 0.10. The business has a fifty day simple moving average of $592.48 and a 200 day simple moving average of $537.35.

Northrop Grumman (NYSE:NOC) last issued 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 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 analysts’ expectations of $10.15 billion. During the same quarter last year, the business earned $6.36 earnings per share. The company’s 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. Research analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were issued 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 yield of 1.6%. Northrop Grumman’s dividend payout ratio (DPR) is 34.06%.

Analyst Ratings Changes

A number of research firms have commented on NOC. Truist Financial boosted their price objective on Northrop Grumman from $625.00 to $688.00 and gave the stock a “buy” rating in a research note on Wednesday. Wells Fargo & Company reiterated an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Northrop Grumman in a report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft set a $700.00 price objective on shares of Northrop Grumman and gave the company a “buy” rating in a research report on Wednesday, October 8th. Finally, Robert W. Baird upped their target price 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. One research 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’s stock. According to data from MarketBeat, Northrop Grumman presently has an average rating of “Moderate Buy” and a consensus target price of $613.15.

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.