Marietta Wealth Management LLC Purchases 245 Shares of Northrop Grumman Corporation $NOC

Marietta Wealth Management LLC lifted its position in Northrop Grumman Corporation (NYSE:NOC) by 3.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,520 shares of the aerospace company’s stock after acquiring an additional 245 shares during the quarter. Marietta Wealth Management LLC’s holdings in Northrop Grumman were worth $3,260,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NOC. Simplicity Wealth LLC bought a new stake in Northrop Grumman during the 2nd quarter valued at about $746,000. Talbot Financial LLC lifted its holdings in Northrop Grumman by 22.4% during the 2nd quarter. Talbot Financial LLC now owns 31,345 shares of the aerospace company’s stock valued at $15,672,000 after buying an additional 5,743 shares in the last quarter. Clarius Group LLC lifted its holdings in Northrop Grumman by 25.0% during the 2nd quarter. Clarius Group LLC now owns 1,670 shares of the aerospace company’s stock valued at $835,000 after buying an additional 334 shares in the last quarter. Ameriflex Group Inc. lifted its holdings in Northrop Grumman by 3.6% during the 2nd quarter. Ameriflex Group Inc. now owns 611 shares of the aerospace company’s stock valued at $301,000 after buying an additional 21 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. lifted its holdings in Northrop Grumman by 17.5% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 1,001 shares of the aerospace company’s stock valued at $500,000 after buying an additional 149 shares in the last quarter. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Up 0.9%

Shares of Northrop Grumman stock opened at $610.32 on Friday. The firm’s 50 day moving average price is $585.11 and its 200-day moving average price is $529.33. 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 Corporation has a 52-week low of $426.24 and a 52-week high of $610.85. The company has a market cap of $87.39 billion, a P/E ratio of 22.50, a PEG ratio of 5.84 and a beta of 0.10.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data 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. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The firm had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter in the previous year, the firm earned $6.36 EPS. The company’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, sell-side analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently disclosed 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 of this dividend was Tuesday, September 2nd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.5%. Northrop Grumman’s payout ratio is presently 34.06%.

Wall Street Analysts Forecast Growth

NOC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Northrop Grumman from $480.00 to $585.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Bank of America lifted their price objective on shares of Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Northrop Grumman in a report on Saturday, September 27th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $542.00 price objective (down previously from $580.00) on shares of Northrop Grumman in a report on Tuesday, July 8th. Finally, Truist Financial reissued a “buy” rating and set a $625.00 target price (up previously from $550.00) on shares of Northrop Grumman in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Northrop Grumman has an average rating of “Moderate Buy” and an average price target 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.