FourThought Financial Partners LLC Has $12.38 Million Stock Position in Northrop Grumman Corporation $NOC

FourThought Financial Partners LLC raised its stake in Northrop Grumman Corporation (NYSE:NOC) by 1.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,758 shares of the aerospace company’s stock after purchasing an additional 332 shares during the quarter. Northrop Grumman makes up about 1.2% of FourThought Financial Partners LLC’s portfolio, making the stock its 22nd biggest holding. FourThought Financial Partners LLC’s holdings in Northrop Grumman were worth $12,379,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First United Bank & Trust raised its holdings in shares of Northrop Grumman by 641.0% in the 2nd quarter. First United Bank & Trust now owns 778 shares of the aerospace company’s stock valued at $389,000 after purchasing an additional 673 shares during the period. Goldman Sachs Group Inc. grew its holdings in Northrop Grumman by 12.2% during the first quarter. Goldman Sachs Group Inc. now owns 792,707 shares of the aerospace company’s stock worth $405,874,000 after purchasing an additional 86,215 shares during the period. Jones Financial Companies Lllp increased its position in Northrop Grumman by 1,989.8% during the first quarter. Jones Financial Companies Lllp now owns 125,867 shares of the aerospace company’s stock worth $64,445,000 after buying an additional 119,844 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its stake in Northrop Grumman by 29.4% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 1,848 shares of the aerospace company’s stock valued at $924,000 after buying an additional 420 shares during the period. Finally, Ally Financial Inc. lifted its position in shares of Northrop Grumman by 50.0% in the first quarter. Ally Financial Inc. now owns 3,000 shares of the aerospace company’s stock valued at $1,536,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Trading Down 0.2%

NOC stock opened at $565.75 on Tuesday. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $640.90. The company has a market capitalization of $80.74 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 5.07 and a beta of 0.07. The company’s 50-day simple moving average is $588.83 and its 200 day simple moving average is $551.77. 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 (NYSE:NOC) last issued 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. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The business had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter in the previous year, the company earned $7.00 EPS. The business’s revenue was up 4.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, sell-side analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Monday, December 1st will be given a dividend of $2.31 per share. The ex-dividend date of this dividend is Monday, December 1st. 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 Analysts Forecast Growth

A number of research firms recently weighed in on NOC. JPMorgan Chase & Co. boosted their target price on Northrop Grumman from $575.00 to $640.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Morgan Stanley raised their target price on shares of Northrop Grumman from $625.00 to $720.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Northrop Grumman in a report on Tuesday, October 14th. Barclays upped their price target on shares of Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Finally, BNP Paribas upgraded shares of Northrop Grumman to a “strong-buy” rating in a research report on Tuesday, November 18th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Northrop Grumman has a consensus rating of “Moderate Buy” and a consensus target price of $646.94.

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.