Empirical Financial Services LLC d.b.a. Empirical Wealth Management Grows Stock Position in Northrop Grumman Corporation $NOC

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of Northrop Grumman Corporation (NYSE:NOCFree Report) by 13.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,655 shares of the aerospace company’s stock after buying an additional 312 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Northrop Grumman were worth $1,328,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. IMA Advisory Services Inc. purchased a new stake in Northrop Grumman in the first quarter worth $27,000. Saudi Central Bank bought a new position in shares of Northrop Grumman during the 1st quarter worth $28,000. Banque Cantonale Vaudoise bought a new position in shares of Northrop Grumman during the 1st quarter worth $30,000. Flaharty Asset Management LLC bought a new position in shares of Northrop Grumman during the 1st quarter worth $36,000. Finally, Hollencrest Capital Management grew its position in shares of Northrop Grumman by 790.0% during the 1st quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock worth $45,000 after buying an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Up 0.9%

Shares of NOC opened at $610.32 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $610.85. The stock has a market capitalization of $87.39 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 5.84 and a beta of 0.10. The stock has a 50 day moving average price of $585.11 and a 200 day moving average price of $529.33.

Northrop Grumman (NYSE:NOCGet Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, topping the consensus estimate of $6.84 by $0.27. The firm had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $10.15 billion. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $6.36 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Equities research analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were issued 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 dividend yield of 1.5%. Northrop Grumman’s dividend payout ratio is currently 34.06%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Barclays increased their price target on Northrop Grumman from $500.00 to $580.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Wall Street Zen upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Northrop Grumman in a research note on Monday, July 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Northrop Grumman in a research note on Saturday, September 27th. Finally, Bank of America lifted their target price on Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $588.85.

Read Our Latest Analysis on NOC

Northrop Grumman Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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