Northrop Grumman Corporation $NOC Shares Bought by BigSur Wealth Management LLC

BigSur Wealth Management LLC boosted its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 50.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 900 shares of the aerospace company’s stock after purchasing an additional 300 shares during the quarter. BigSur Wealth Management LLC’s holdings in Northrop Grumman were worth $450,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. IMA Advisory Services Inc. purchased a new position in shares of Northrop Grumman during the first quarter worth $27,000. Saudi Central Bank purchased a new stake in Northrop Grumman in the first quarter valued at $28,000. Banque Cantonale Vaudoise acquired a new stake in Northrop Grumman during the 1st quarter worth about $30,000. Wood Tarver Financial Group LLC purchased a new position in shares of Northrop Grumman during the 4th quarter valued at about $32,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of Northrop Grumman during the 1st quarter valued at about $36,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Stock Up 1.7%

Shares of NOC opened at $586.94 on Thursday. The firm has a market cap of $84.04 billion, a P/E ratio of 21.63, a PEG ratio of 5.53 and a beta of 0.13. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $600.99. The stock’s 50 day moving average is $577.61 and its two-hundred day moving average is $523.70. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98.

Northrop Grumman (NYSE:NOC) last announced its 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. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same period in the prior year, the company posted $6.36 EPS. The business’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. Analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were given a $2.31 dividend. The ex-dividend date 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 34.06%.

Analyst Ratings Changes

NOC has been the topic of a number of recent research reports. Wells Fargo & Company restated an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. Robert W. Baird boosted their price target on Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their price objective on Northrop Grumman from $480.00 to $585.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Northrop Grumman in a research note on Monday, July 14th. Finally, Barclays lifted their target price on shares of Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Northrop Grumman has a consensus rating of “Moderate Buy” and a consensus target price of $588.85.

Northrop Grumman 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.