Securian Asset Management Inc. Decreases Stake in Northrop Grumman Corporation $NOC

Securian Asset Management Inc. lowered its holdings in Northrop Grumman Corporation (NYSE:NOC) by 1.4% in the 2nd quarter, Holdings Channel reports. The firm owned 7,123 shares of the aerospace company’s stock after selling 103 shares during the period. Securian Asset Management Inc.’s holdings in Northrop Grumman were worth $3,561,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. IMA Advisory Services Inc. purchased a new stake in Northrop Grumman during the first quarter valued at $27,000. Saudi Central Bank purchased a new stake in Northrop Grumman during the first quarter valued at $28,000. Banque Cantonale Vaudoise purchased a new stake in Northrop Grumman during the first quarter valued at $30,000. Flaharty Asset Management LLC purchased a new stake in Northrop Grumman during the first quarter valued at $36,000. Finally, Hollencrest Capital Management increased its position in Northrop Grumman by 790.0% during the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock valued at $45,000 after acquiring an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

NOC has been the subject of a number of research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Northrop Grumman in a research report on Tuesday, October 14th. Royal Bank Of Canada upped their price objective on Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $700.00 price objective on Northrop Grumman and gave the company a “buy” rating in a research report on Wednesday, October 8th. Wall Street Zen upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Finally, JPMorgan Chase & Co. upped their price target on Northrop Grumman from $480.00 to $585.00 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 given a Hold rating to the stock. According to MarketBeat, Northrop Grumman has an average rating of “Moderate Buy” and a consensus target price of $617.50.

Northrop Grumman Stock Performance

NYSE NOC opened at $599.45 on Wednesday. The firm has a market cap of $85.83 billion, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 5.85 and a beta of 0.10. 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 $593.28 and a 200-day moving average price of $538.58. Northrop Grumman Corporation has a twelve month low of $426.24 and a twelve month high of $640.90.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share for the quarter, topping analysts’ consensus estimates of $6.43 by $1.24. The firm had revenue of $10.42 billion during the quarter, compared to analyst estimates of $10.68 billion. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $7.00 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, equities research analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were paid 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 1.5%. Northrop Grumman’s dividend payout ratio is 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.