Lyell Wealth Management LP Decreases Stock Holdings in Northrop Grumman Corporation $NOC

Lyell Wealth Management LP trimmed its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 46.2% during the 2nd quarter, Holdings Channel reports. The fund owned 2,150 shares of the aerospace company’s stock after selling 1,847 shares during the period. Lyell Wealth Management LP’s holdings in Northrop Grumman were worth $1,075,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Brookstone Capital Management increased its position in shares of Northrop Grumman by 121.0% during the 1st quarter. Brookstone Capital Management now owns 6,640 shares of the aerospace company’s stock valued at $3,400,000 after purchasing an additional 3,635 shares during the last quarter. First United Bank & Trust increased its position in shares of Northrop Grumman by 641.0% during 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 last quarter. GAM Holding AG increased its position in shares of Northrop Grumman by 51.9% during the 1st quarter. GAM Holding AG now owns 2,338 shares of the aerospace company’s stock valued at $1,197,000 after purchasing an additional 799 shares during the last quarter. Golden State Wealth Management LLC increased its position in shares of Northrop Grumman by 206.2% during the 1st quarter. Golden State Wealth Management LLC now owns 2,771 shares of the aerospace company’s stock valued at $1,421,000 after purchasing an additional 1,866 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Northrop Grumman by 18.8% during the 1st quarter. Bessemer Group Inc. now owns 795,839 shares of the aerospace company’s stock valued at $407,477,000 after purchasing an additional 125,693 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NOC. Sanford C. Bernstein reissued a “market perform” rating on shares of Northrop Grumman in a research report on Monday, July 14th. Susquehanna boosted their target price on Northrop Grumman from $557.00 to $650.00 and gave the company a “positive” rating in a research report on Tuesday, July 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Northrop Grumman in a research report on Tuesday, October 14th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Finally, Robert W. Baird upped their price objective on Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Northrop Grumman has an average rating of “Moderate Buy” and a consensus target price of $613.15.

Northrop Grumman Stock Performance

Shares of Northrop Grumman stock opened at $594.15 on Monday. The stock’s fifty day moving average is $592.48 and its two-hundred day moving average is $537.35. The company has a market capitalization of $85.07 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 5.78 and a beta of 0.10. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $640.90.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, beating the consensus estimate of $6.84 by $0.27. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The company had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter in the prior year, the company posted $6.36 EPS. Northrop Grumman’s quarterly revenue was up 1.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. As a group, analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were issued a $2.31 dividend. This represents a $9.24 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio is currently 34.06%.

About Northrop Grumman

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.