Northrop Grumman Corporation $NOC Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. decreased its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 17.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,771 shares of the aerospace company’s stock after selling 601 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Northrop Grumman were worth $1,385,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in NOC. Vanguard Group Inc. increased its stake in shares of Northrop Grumman by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 13,421,645 shares of the aerospace company’s stock worth $6,710,554,000 after acquiring an additional 155,344 shares during the last quarter. Soundwatch Capital LLC purchased a new stake in shares of Northrop Grumman in the second quarter valued at about $6,457,274,000. Wellington Management Group LLP grew its holdings in shares of Northrop Grumman by 23.4% in the first quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company’s stock valued at $2,631,390,000 after purchasing an additional 974,633 shares during the period. Geode Capital Management LLC increased its position in Northrop Grumman by 0.5% during the second quarter. Geode Capital Management LLC now owns 3,115,519 shares of the aerospace company’s stock worth $1,554,299,000 after purchasing an additional 14,980 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in Northrop Grumman by 11.8% during the second quarter. Franklin Resources Inc. now owns 2,933,061 shares of the aerospace company’s stock worth $1,466,472,000 after purchasing an additional 308,680 shares during the period. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Northrop Grumman Stock Down 0.2%

Shares of NYSE NOC opened at $565.75 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 0.95. The business’s 50 day moving average is $588.83 and its two-hundred day moving average is $551.77. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $640.90. The firm has a market cap of $80.74 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 5.07 and a beta of 0.07.

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, beating analysts’ consensus estimates of $6.43 by $1.24. The business had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.68 billion. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The company’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $7.00 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Research analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Monday, December 1st will be paid a dividend of $2.31 per share. The ex-dividend date 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 33.24%.

Wall Street Analyst Weigh In

NOC has been the subject of several analyst reports. Wall Street Zen raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Northrop Grumman in a report on Tuesday, October 14th. BNP Paribas upgraded Northrop Grumman to a “strong-buy” rating in a research report on Tuesday, November 18th. Sanford C. Bernstein set a $696.00 target price on Northrop Grumman in a research report on Thursday, October 23rd. Finally, Morgan Stanley upped their price target on Northrop Grumman from $625.00 to $720.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Northrop Grumman presently has an average rating of “Moderate Buy” and an average price target of $646.94.

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.