Stiles Financial Services Inc Reduces Stock Position in Northrop Grumman Corporation $NOC

Stiles Financial Services Inc lessened its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 41.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 559 shares of the aerospace company’s stock after selling 391 shares during the quarter. Stiles Financial Services Inc’s holdings in Northrop Grumman were worth $280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC increased its position in Northrop Grumman by 1.0% during the 2nd 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 in the last quarter. Tyche Wealth Partners LLC grew its holdings in Northrop Grumman by 2.5% in the 2nd quarter. Tyche Wealth Partners LLC now owns 830 shares of the aerospace company’s stock valued at $415,000 after buying an additional 20 shares during the period. IAG Wealth Partners LLC grew its holdings in Northrop Grumman by 8.4% in the 1st quarter. IAG Wealth Partners LLC now owns 271 shares of the aerospace company’s stock valued at $139,000 after buying an additional 21 shares during the period. Integrated Investment Consultants LLC grew its holdings in Northrop Grumman by 3.9% in the 1st quarter. Integrated Investment Consultants LLC now owns 553 shares of the aerospace company’s stock valued at $283,000 after buying an additional 21 shares during the period. Finally, Ameriflex Group Inc. grew its holdings in Northrop Grumman by 3.6% in the 2nd quarter. Ameriflex Group Inc. now owns 611 shares of the aerospace company’s stock valued at $301,000 after buying an additional 21 shares during the period. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on NOC. Deutsche Bank Aktiengesellschaft set a $700.00 price target on Northrop Grumman and gave the company a “buy” rating in a report on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of Northrop Grumman in a report on Saturday, September 27th. Royal Bank Of Canada lifted their price target on Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Susquehanna lifted their price objective on Northrop Grumman from $557.00 to $650.00 and gave the company a “positive” rating in a research note on Tuesday, July 22nd. Finally, Bank of America lifted their price objective 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 investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $601.00.

Northrop Grumman Stock Performance

NYSE NOC opened at $623.51 on Friday. The firm has a market capitalization of $89.27 billion, a P/E ratio of 22.98, a P/E/G ratio of 6.08 and a beta of 0.10. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $640.90. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The business’s 50-day simple moving average is $590.32 and its 200-day simple moving average is $533.65.

Northrop Grumman (NYSE:NOC) last released 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 for the quarter, compared to analyst estimates of $10.15 billion. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.Northrop Grumman’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Equities analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were given a dividend of $2.31 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $9.24 annualized dividend and a yield of 1.5%. Northrop Grumman’s payout ratio is 34.06%.

Northrop Grumman Company 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.