Northrop Grumman Corporation $NOC Holdings Cut by One Day In July LLC

One Day In July LLC decreased its stake in Northrop Grumman Corporation (NYSE:NOC) by 6.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 422 shares of the aerospace company’s stock after selling 30 shares during the quarter. One Day In July LLC’s holdings in Northrop Grumman were worth $211,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. CNB Bank lifted its position in 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 buying an additional 19 shares in the last quarter. Capital Investment Advisors LLC lifted its position in 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 buying an additional 20 shares in the last quarter. Tyche Wealth Partners LLC lifted its position in 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 buying an additional 20 shares in the last quarter. Princeton Global Asset Management LLC lifted its position in 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 buying an additional 20 shares in the last quarter. Finally, Integrated Investment Consultants LLC increased its stake in shares of Northrop Grumman by 3.9% during the 1st quarter. Integrated Investment Consultants LLC now owns 553 shares of the aerospace company’s stock worth $283,000 after purchasing an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

NOC has been the topic of several analyst reports. Susquehanna increased their price target on shares of Northrop Grumman from $650.00 to $690.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Wells Fargo & Company restated an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. UBS Group increased their price target on shares of Northrop Grumman to $770.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Robert W. Baird increased their price target on shares of Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $642.73.

Northrop Grumman Price Performance

Shares of Northrop Grumman stock opened at $584.93 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 0.98. The company has a market cap of $83.48 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 5.15 and a beta of 0.10. The firm has a fifty day moving average price of $594.66 and a two-hundred day moving average price of $542.64. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $640.90.

Northrop Grumman (NYSE:NOC) last posted its quarterly 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 for 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 business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the business posted $7.00 EPS. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Analysts expect that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

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

Northrop Grumman 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.