Northrop Grumman Corporation $NOC Stock Holdings Increased by Marco Investment Management LLC

Marco Investment Management LLC boosted its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 2.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,344 shares of the aerospace company’s stock after purchasing an additional 317 shares during the period. Marco Investment Management LLC’s holdings in Northrop Grumman were worth $8,172,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its stake in Northrop Grumman by 176.3% in the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock worth $1,394,000 after purchasing an additional 1,895 shares in the last quarter. Bison Wealth LLC lifted its stake in Northrop Grumman by 5.3% during the fourth quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock valued at $301,000 after buying an additional 32 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Northrop Grumman by 54.6% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 1,308 shares of the aerospace company’s stock worth $670,000 after buying an additional 462 shares during the period. Axxcess Wealth Management LLC increased its position in shares of Northrop Grumman by 61.4% in the first quarter. Axxcess Wealth Management LLC now owns 3,001 shares of the aerospace company’s stock worth $1,537,000 after acquiring an additional 1,142 shares in the last quarter. Finally, Leavell Investment Management Inc. purchased a new position in shares of Northrop Grumman in the first quarter worth approximately $209,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Price Performance

Shares of NYSE:NOC opened at $569.09 on Friday. The firm has a market cap of $81.22 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 5.07 and a beta of 0.07. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $640.90. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. The business has a fifty day simple moving average of $592.54 and a 200 day simple moving average of $544.51.

Northrop Grumman (NYSE:NOC) last issued its earnings results 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. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The company had revenue of $10.42 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same period in the prior year, the firm posted $7.00 EPS. The business’s revenue was up 4.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, sell-side analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were issued a $2.31 dividend. 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 is currently 33.24%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft set a $700.00 price target on shares of Northrop Grumman and gave the company a “buy” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on Northrop Grumman from $575.00 to $640.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Susquehanna raised their target price on Northrop Grumman from $650.00 to $690.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. BTIG Research upped their price target on Northrop Grumman from $630.00 to $680.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Morgan Stanley increased their price objective on Northrop Grumman from $625.00 to $720.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. One investment 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.com, Northrop Grumman currently has a consensus rating of “Moderate Buy” and a consensus target price 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.