Moloney Securities Asset Management LLC Has $761,000 Stock Holdings in Northrop Grumman Corporation $NOC

Moloney Securities Asset Management LLC cut its holdings in Northrop Grumman Corporation (NYSE:NOC) by 3.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,521 shares of the aerospace company’s stock after selling 49 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Northrop Grumman were worth $761,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NOC. IMA Advisory Services Inc. acquired a new position in Northrop Grumman during the 1st quarter worth approximately $27,000. Saudi Central Bank bought a new position in shares of Northrop Grumman during the 1st quarter worth approximately $28,000. Banque Cantonale Vaudoise bought a new position in shares of Northrop Grumman during the 1st quarter worth approximately $30,000. Flaharty Asset Management LLC bought a new position in shares of Northrop Grumman during the 1st quarter worth approximately $36,000. Finally, Hollencrest Capital Management grew its stake in shares of Northrop Grumman by 790.0% during the 1st quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock worth $45,000 after acquiring an additional 79 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Stock Down 0.0%

NOC opened at $605.67 on Friday. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $640.90. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.93 and a current ratio of 1.11. The company has a market capitalization of $86.44 billion, a P/E ratio of 21.79, a P/E/G ratio of 5.02 and a beta of 0.10. The stock has a fifty day moving average of $594.41 and a 200-day moving average of $540.62.

Northrop Grumman (NYSE:NOC) last posted its earnings results 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. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The company had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter last year, the firm earned $7.00 earnings per share. The company’s revenue was up 4.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, equities analysts expect that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $2.31 per share. 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 (DPR) is currently 33.24%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. Wall Street Zen raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Sanford C. Bernstein set a $696.00 price target on shares of Northrop Grumman in a research note on Thursday. Barclays increased their price objective on Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Northrop Grumman in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Northrop Grumman currently has a consensus rating of “Moderate Buy” and an average target price of $642.73.

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.