Linden Thomas Advisory Services LLC Reduces Position in Northrop Grumman Corporation $NOC

Linden Thomas Advisory Services LLC cut its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,120 shares of the aerospace company’s stock after selling 82 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Northrop Grumman were worth $2,060,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS raised its position in shares of Northrop Grumman by 7.7% in the second quarter. Kornitzer Capital Management Inc. KS now owns 490 shares of the aerospace company’s stock worth $245,000 after acquiring an additional 35 shares during the period. CNB Bank raised its position in shares of Northrop Grumman by 0.8% in the second quarter. CNB Bank now owns 2,521 shares of the aerospace company’s stock worth $1,260,000 after acquiring an additional 19 shares during the period. Sage Mountain Advisors LLC raised its position in shares of Northrop Grumman by 31.3% in the second quarter. Sage Mountain Advisors LLC now owns 1,169 shares of the aerospace company’s stock worth $585,000 after acquiring an additional 279 shares during the period. AlphaQuest LLC raised its position in shares of Northrop Grumman by 29.2% in the second quarter. AlphaQuest LLC now owns 93 shares of the aerospace company’s stock worth $46,000 after acquiring an additional 21 shares during the period. Finally, Asset Management One Co. Ltd. raised its position in shares of Northrop Grumman by 0.6% in the second quarter. Asset Management One Co. Ltd. now owns 62,385 shares of the aerospace company’s stock worth $31,191,000 after acquiring an additional 348 shares during the period. 83.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NOC. Robert W. Baird upped their price target on shares of Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Bank of America upped their price target on shares of Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada upped their price target on shares of Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. BTIG Research upped their price target on shares of Northrop Grumman from $630.00 to $680.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Barclays upped their price target on shares of Northrop Grumman from $500.00 to $580.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Northrop Grumman presently has an average rating of “Moderate Buy” and an average target price of $642.73.

Northrop Grumman Stock Down 0.0%

NOC stock opened at $605.67 on Friday. The company has a market cap of $86.44 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 5.02 and a beta of 0.10. The company has a current ratio of 1.11, a quick ratio of 0.93 and a debt-to-equity ratio of 0.95. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $640.90. The firm has a 50-day moving average of $594.41 and a two-hundred day moving average of $540.97.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, beating analysts’ consensus estimates of $6.43 by $1.24. The company had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.68 billion. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. Northrop Grumman’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.00 EPS. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The company 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 (DPR) is currently 33.24%.

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.