James Investment Research Inc. Sells 190 Shares of Northrop Grumman Corporation $NOC

James Investment Research Inc. trimmed its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 12.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,283 shares of the aerospace company’s stock after selling 190 shares during the period. James Investment Research Inc.’s holdings in Northrop Grumman were worth $642,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. IMA Advisory Services Inc. bought a new position in Northrop Grumman during the first quarter valued at $27,000. Saudi Central Bank purchased a new stake in shares of Northrop Grumman during the first quarter worth $28,000. Banque Cantonale Vaudoise purchased a new stake in shares of Northrop Grumman during the first quarter worth $30,000. Flaharty Asset Management LLC purchased a new stake in shares of Northrop Grumman during the first quarter worth $36,000. Finally, Hollencrest Capital Management lifted its position in shares of Northrop Grumman by 790.0% during the first 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 owned by institutional investors.

Analyst Ratings Changes

NOC has been the topic of several recent research reports. Barclays increased their target price on Northrop Grumman from $500.00 to $580.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Northrop Grumman in a research report on Tuesday, October 14th. JPMorgan Chase & Co. increased their price objective on Northrop Grumman from $575.00 to $640.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. UBS Group increased their price objective on Northrop Grumman to $770.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Robert W. Baird increased their price objective on Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $642.73.

Northrop Grumman Trading Down 0.2%

Shares of NOC stock opened at $594.95 on Wednesday. The company has a market capitalization of $84.91 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 5.16 and a beta of 0.10. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 1.11. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $640.90. The business’s fifty day moving average is $594.81 and its 200 day moving average is $542.29.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, beating analysts’ consensus estimates of $6.43 by $1.24. The business had revenue of $10.42 billion for the quarter, compared to analysts’ expectations of $10.68 billion. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.00 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, equities research analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were paid a $2.31 dividend. This represents a $9.24 dividend on an annualized basis and a yield of 1.6%. 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.