Atticus Wealth Management LLC Has $524,000 Holdings in Northrop Grumman Corporation $NOC

Atticus Wealth Management LLC raised its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 2.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,049 shares of the aerospace company’s stock after purchasing an additional 29 shares during the period. Atticus Wealth Management LLC’s holdings in Northrop Grumman were worth $524,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in NOC. GAMMA Investing LLC lifted its position in Northrop Grumman by 55,522.3% during the 1st quarter. GAMMA Investing LLC now owns 1,520,158 shares of the aerospace company’s stock valued at $778,336,000 after purchasing an additional 1,517,425 shares during the period. Wellington Management Group LLP lifted its position in Northrop Grumman by 23.4% during the 1st 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. T. Rowe Price Investment Management Inc. lifted its position in Northrop Grumman by 1,425.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,001,198 shares of the aerospace company’s stock valued at $512,624,000 after purchasing an additional 935,554 shares during the period. Nuveen LLC acquired a new position in Northrop Grumman during the 1st quarter valued at about $369,205,000. Finally, Vanguard Group Inc. lifted its position in Northrop Grumman by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 13,266,301 shares of the aerospace company’s stock valued at $6,792,479,000 after purchasing an additional 588,520 shares during the period. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Price Performance

Shares of NOC opened at $577.22 on Thursday. The stock has a market capitalization of $82.65 billion, a P/E ratio of 21.28, a P/E/G ratio of 5.55 and a beta of 0.13. Northrop Grumman Corporation has a twelve month low of $426.24 and a twelve month high of $600.99. The company has a 50 day moving average of $571.64 and a 200-day moving average of $520.17. 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 (NYSE:NOC) last issued its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share for the quarter, topping the consensus estimate of $6.84 by $0.27. The company had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $10.15 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the business earned $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. As a group, equities research analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NOC shares. Susquehanna increased their price target on shares of Northrop Grumman from $557.00 to $650.00 and gave the company a “positive” rating in a research report on Tuesday, July 22nd. Barclays increased their price target on shares of Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. Truist Financial reiterated a “buy” rating and issued a $625.00 price target (up from $550.00) on shares of Northrop Grumman in a research report on Wednesday, July 23rd. Wall Street Zen upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Finally, Robert W. Baird increased their price target on shares of Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $588.85.

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.