Perigon Wealth Management LLC Has $1.14 Million Stock Holdings in Northrop Grumman Corporation $NOC

Perigon Wealth Management LLC decreased its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 15.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,288 shares of the aerospace company’s stock after selling 418 shares during the quarter. Perigon Wealth Management LLC’s holdings in Northrop Grumman were worth $1,144,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Brookstone Capital Management lifted its holdings in Northrop Grumman by 121.0% during the 1st quarter. Brookstone Capital Management now owns 6,640 shares of the aerospace company’s stock worth $3,400,000 after buying an additional 3,635 shares in the last quarter. GAM Holding AG lifted its holdings in Northrop Grumman by 51.9% during the 1st quarter. GAM Holding AG now owns 2,338 shares of the aerospace company’s stock worth $1,197,000 after buying an additional 799 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Northrop Grumman during the 1st quarter worth $33,090,000. Golden State Wealth Management LLC lifted its holdings in Northrop Grumman by 206.2% during the 1st quarter. Golden State Wealth Management LLC now owns 2,771 shares of the aerospace company’s stock worth $1,421,000 after buying an additional 1,866 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in Northrop Grumman by 18.8% during the 1st quarter. Bessemer Group Inc. now owns 795,839 shares of the aerospace company’s stock worth $407,477,000 after buying an additional 125,693 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

NOC has been the topic of several research reports. Royal Bank Of Canada upped their price objective on Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Robert W. Baird raised their price target on Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Wall Street Zen upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Barclays raised their price objective on Northrop Grumman from $500.00 to $580.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Finally, Susquehanna raised their price objective on Northrop Grumman from $557.00 to $650.00 and gave the stock a “positive” rating in a research note on Tuesday, July 22nd. 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 stock. According to data from MarketBeat.com, Northrop Grumman currently has a consensus rating of “Moderate Buy” and a consensus target price of $588.85.

Northrop Grumman Price Performance

NOC stock opened at $594.50 on Friday. The stock has a 50-day moving average price of $580.34 and a two-hundred day moving average price of $525.34. The stock has a market cap of $85.12 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 5.69 and a beta of 0.13. 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 Corporation has a 1 year low of $426.24 and a 1 year high of $600.99.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.84 by $0.27. The firm had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $10.15 billion. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The company’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Equities analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were issued 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 presently 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.