430 Shares in Northrop Grumman Corporation $NOC Bought by Cherry Creek Investment Advisors Inc.

Cherry Creek Investment Advisors Inc. purchased a new position in Northrop Grumman Corporation (NYSE:NOC) during the second quarter, Holdings Channel reports. The firm purchased 430 shares of the aerospace company’s stock, valued at approximately $215,000.

A number of other hedge funds also recently modified their holdings of the stock. Coign Capital Advisors LLC increased its position in shares of Northrop Grumman by 1.3% in the second quarter. Coign Capital Advisors LLC now owns 1,294 shares of the aerospace company’s stock worth $647,000 after purchasing an additional 17 shares during the period. CNB Bank increased its position in shares of Northrop Grumman by 0.8% in the second quarter. CNB Bank now owns 2,521 shares of the aerospace company’s stock worth $1,260,000 after purchasing an additional 19 shares during the period. Capital Investment Advisors LLC increased its position in shares of Northrop Grumman by 1.0% in the second quarter. Capital Investment Advisors LLC now owns 2,049 shares of the aerospace company’s stock worth $1,025,000 after purchasing an additional 20 shares during the period. Tyche Wealth Partners LLC increased its position in shares of Northrop Grumman by 2.5% in the second quarter. Tyche Wealth Partners LLC now owns 830 shares of the aerospace company’s stock worth $415,000 after purchasing an additional 20 shares during the period. Finally, Princeton Global Asset Management LLC boosted its stake in Northrop Grumman by 0.3% in the second quarter. Princeton Global Asset Management LLC now owns 5,907 shares of the aerospace company’s stock valued at $2,953,000 after buying an additional 20 shares in the last quarter. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

Shares of NOC stock opened at $577.12 on Wednesday. The business’s 50-day moving average price is $593.58 and its 200-day moving average price is $543.86. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $640.90. The firm has a market capitalization of $82.37 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 5.07 and a beta of 0.10. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95.

Northrop Grumman (NYSE:NOC) last announced its quarterly 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. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The firm had revenue of $10.42 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same period last year, the firm posted $7.00 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Equities research analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

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

Analyst Upgrades and Downgrades

NOC has been the topic of several research analyst reports. Royal Bank Of Canada raised their price objective on Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Truist Financial raised their price objective on Northrop Grumman from $625.00 to $688.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Sanford C. Bernstein set a $696.00 price objective on Northrop Grumman in a research note on Thursday, October 23rd. BTIG Research raised their price objective on Northrop Grumman from $630.00 to $680.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Finally, UBS Group raised their price objective on Northrop Grumman to $770.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. One equities research 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $642.73.

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.