Northrop Grumman Corporation $NOC Shares Sold by TBH Global Asset Management LLC

TBH Global Asset Management LLC lessened its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 3.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,469 shares of the aerospace company’s stock after selling 47 shares during the period. TBH Global Asset Management LLC’s holdings in Northrop Grumman were worth $734,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KG&L Capital Management LLC acquired a new position in shares of Northrop Grumman during the second quarter valued at approximately $280,000. Spirepoint Private Client LLC increased its position in shares of Northrop Grumman by 1.7% during the second quarter. Spirepoint Private Client LLC now owns 15,543 shares of the aerospace company’s stock worth $7,771,000 after purchasing an additional 254 shares in the last quarter. Diversified Enterprises LLC increased its position in shares of Northrop Grumman by 9.8% during the second quarter. Diversified Enterprises LLC now owns 492 shares of the aerospace company’s stock worth $246,000 after purchasing an additional 44 shares in the last quarter. Valicenti Advisory Services Inc. raised its stake in Northrop Grumman by 2.1% in the 2nd quarter. Valicenti Advisory Services Inc. now owns 10,300 shares of the aerospace company’s stock valued at $5,150,000 after purchasing an additional 214 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in Northrop Grumman by 3.4% in the 2nd quarter. Signaturefd LLC now owns 3,698 shares of the aerospace company’s stock valued at $1,849,000 after purchasing an additional 122 shares in the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on NOC. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Northrop Grumman in a report on Monday, July 14th. Wall Street Zen raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Truist Financial reiterated a “buy” rating and issued a $625.00 price objective (up previously from $550.00) on shares of Northrop Grumman in a report on Wednesday, July 23rd. Royal Bank Of Canada boosted their target price on Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $542.00 price target (down previously from $580.00) on shares of Northrop Grumman in a report on Tuesday, July 8th. One 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 stock. Based on data from MarketBeat.com, Northrop Grumman currently has a consensus rating of “Moderate Buy” and a consensus price target of $588.85.

Northrop Grumman Stock Up 1.5%

Shares of NYSE NOC opened at $594.50 on Friday. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $600.99. The company has a market capitalization of $85.12 billion, a P/E ratio of 21.91, a P/E/G ratio of 5.69 and a beta of 0.13. The company has a 50 day simple moving average of $580.34 and a 200-day simple moving average of $525.34. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) 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 company had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $10.15 billion. During the same quarter last year, the firm earned $6.36 earnings per share. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, equities research analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

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

Northrop Grumman Company 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.