Wealthcare Advisory Partners LLC Lowers Stock Position in Northrop Grumman Corporation $NOC

Wealthcare Advisory Partners LLC lowered its position in Northrop Grumman Corporation (NYSE:NOC) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,279 shares of the aerospace company’s stock after selling 40 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Northrop Grumman were worth $639,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NOC. IMA Advisory Services Inc. purchased a new stake in Northrop Grumman during the first quarter worth about $27,000. Saudi Central Bank purchased a new stake in Northrop Grumman during the first quarter worth about $28,000. Banque Cantonale Vaudoise purchased a new stake in Northrop Grumman during the first quarter worth about $30,000. Flaharty Asset Management LLC purchased a new stake in Northrop Grumman during the first quarter worth about $36,000. Finally, Hollencrest Capital Management increased its holdings in Northrop Grumman by 790.0% during the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock worth $45,000 after buying an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NOC. JPMorgan Chase & Co. raised their price objective on shares of Northrop Grumman from $480.00 to $585.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Truist Financial reiterated 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. Wall Street Zen upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Northrop Grumman in a research report on Saturday, September 27th. Finally, Royal Bank Of Canada increased their target price on shares of Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $601.00.

Northrop Grumman Trading Up 2.7%

NYSE:NOC opened at $638.40 on Thursday. The company has a fifty day moving average of $588.42 and a 200 day moving average of $531.88. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $638.54. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $91.41 billion, a P/E ratio of 23.53, a P/E/G ratio of 5.95 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, beating analysts’ consensus estimates of $6.84 by $0.27. The business had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.15 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, research analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were given a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman’s payout ratio 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.