Logan Capital Management Inc. Has $2.96 Million Position in Northrop Grumman Corporation $NOC

Logan Capital Management Inc. lowered its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,928 shares of the aerospace company’s stock after selling 192 shares during the period. Logan Capital Management Inc.’s holdings in Northrop Grumman were worth $2,964,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NOC. Wellington Management Group LLP boosted its stake in Northrop Grumman by 23.4% during the first quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company’s stock worth $2,631,390,000 after buying an additional 974,633 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Northrop Grumman by 1,425.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,001,198 shares of the aerospace company’s stock valued at $512,624,000 after acquiring an additional 935,554 shares during the period. Nuveen LLC bought a new position in shares of Northrop Grumman during the first quarter valued at $369,205,000. Vanguard Group Inc. lifted its holdings in shares of Northrop Grumman by 4.6% during the first quarter. Vanguard Group Inc. now owns 13,266,301 shares of the aerospace company’s stock valued at $6,792,479,000 after acquiring an additional 588,520 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Northrop Grumman by 98.8% during the first quarter. AQR Capital Management LLC now owns 899,114 shares of the aerospace company’s stock valued at $460,355,000 after acquiring an additional 446,940 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

Northrop Grumman stock opened at $594.95 on Wednesday. The stock has a market capitalization of $84.91 billion, a price-to-earnings ratio of 21.40, a P/E/G ratio of 5.16 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 quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 0.95. The stock has a 50-day simple moving average of $594.81 and a 200 day simple moving average of $542.29.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share for the quarter, topping the consensus estimate of $6.43 by $1.24. The firm had revenue of $10.42 billion during 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 company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business posted $7.00 EPS. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, research analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $2.31 per share. This represents a $9.24 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman’s payout ratio is currently 33.24%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Barclays lifted 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. JPMorgan Chase & Co. lifted their price objective on Northrop Grumman from $575.00 to $640.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Morgan Stanley lifted their price objective on Northrop Grumman from $625.00 to $720.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Bank of America lifted their price objective on Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, Truist Financial lifted their price objective on Northrop Grumman from $625.00 to $688.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average 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.