Prudent Man Advisors LLC Buys 301 Shares of Northrop Grumman Corporation $NOC

Prudent Man Advisors LLC raised its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 29.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,339 shares of the aerospace company’s stock after acquiring an additional 301 shares during the period. Prudent Man Advisors LLC’s holdings in Northrop Grumman were worth $669,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of NOC. IMA Advisory Services Inc. bought a new position in Northrop Grumman during the 1st quarter valued at about $27,000. Saudi Central Bank bought a new position in Northrop Grumman during the 1st quarter valued at about $28,000. Banque Cantonale Vaudoise bought a new position in Northrop Grumman during the 1st quarter valued at about $30,000. Flaharty Asset Management LLC bought a new position in Northrop Grumman during the 1st quarter valued at about $36,000. Finally, Hollencrest Capital Management lifted its stake in Northrop Grumman by 790.0% during the 1st 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 period. Institutional investors own 83.40% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Northrop Grumman in a research report on Tuesday, October 14th. UBS Group upped their price target on shares of Northrop Grumman to $770.00 and gave the company a “buy” rating in a research report on Wednesday. Morgan Stanley upped their price target on shares of Northrop Grumman from $625.00 to $720.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Susquehanna upped their price target on shares of Northrop Grumman from $650.00 to $690.00 and gave the company a “positive” rating in a research report on Wednesday. Finally, Royal Bank Of Canada upped their price target on shares of Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. One investment 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $642.73.

Northrop Grumman Trading Down 0.0%

Northrop Grumman stock opened at $605.67 on Friday. The firm has a 50 day moving average of $594.41 and a 200 day moving average of $540.97. The firm has a market capitalization of $86.44 billion, a price-to-earnings ratio of 21.79, a P/E/G ratio of 5.02 and a beta of 0.10. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $640.90. The company has a current ratio of 1.11, a quick ratio of 0.93 and a debt-to-equity ratio of 0.95.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.43 by $1.24. The company had revenue of $10.42 billion during the quarter, compared to analyst estimates of $10.68 billion. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $7.00 EPS. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, research analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were issued a $2.31 dividend. This represents a $9.24 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio is currently 33.24%.

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.