Signet Investment Advisory Group Inc. Sells 80 Shares of Northrop Grumman Corporation $NOC

Signet Investment Advisory Group Inc. lowered its position in Northrop Grumman Corporation (NYSE:NOC) by 1.5% in the 2nd quarter, Holdings Channel reports. The fund owned 5,358 shares of the aerospace company’s stock after selling 80 shares during the quarter. Signet Investment Advisory Group Inc.’s holdings in Northrop Grumman were worth $2,679,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. CNB Bank raised its position in shares of Northrop Grumman by 0.8% in the 2nd quarter. CNB Bank now owns 2,521 shares of the aerospace company’s stock worth $1,260,000 after acquiring an additional 19 shares in the last quarter. Capital Investment Advisors LLC raised its position in shares of Northrop Grumman by 1.0% in the 2nd quarter. Capital Investment Advisors LLC now owns 2,049 shares of the aerospace company’s stock worth $1,025,000 after acquiring an additional 20 shares in the last quarter. Tyche Wealth Partners LLC raised its position in shares of Northrop Grumman by 2.5% in the 2nd quarter. Tyche Wealth Partners LLC now owns 830 shares of the aerospace company’s stock worth $415,000 after acquiring an additional 20 shares in the last quarter. Princeton Global Asset Management LLC raised its position in shares of Northrop Grumman by 0.3% in the 2nd quarter. Princeton Global Asset Management LLC now owns 5,907 shares of the aerospace company’s stock worth $2,953,000 after acquiring an additional 20 shares in the last quarter. Finally, Integrated Investment Consultants LLC raised its position in shares of Northrop Grumman by 3.9% in the 1st quarter. Integrated Investment Consultants LLC now owns 553 shares of the aerospace company’s stock worth $283,000 after acquiring an additional 21 shares in the last quarter. Institutional investors own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NOC shares. Wells Fargo & Company reissued an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. BTIG Research increased their target price on Northrop Grumman from $630.00 to $680.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Morgan Stanley upped their price target on Northrop Grumman from $625.00 to $720.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. UBS Group upped their price target on Northrop Grumman to $770.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Northrop Grumman in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $642.73.

Northrop Grumman Stock Performance

Northrop Grumman stock opened at $596.17 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $85.09 billion, a P/E ratio of 21.44, a PEG ratio of 5.24 and a beta of 0.10. The stock’s 50 day moving average is $594.64 and its 200 day moving average is $541.74. Northrop Grumman Corporation has a twelve month low of $426.24 and a twelve month high of $640.90.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, topping analysts’ consensus estimates of $6.43 by $1.24. The business 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 25.49% and a net margin of 9.82%.The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $7.00 EPS. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, equities research analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders 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 1.5%. Northrop Grumman’s dividend payout ratio (DPR) is presently 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.