524 Shares in Northrop Grumman Corporation $NOC Acquired by Drucker Wealth 3.0 LLC

Drucker Wealth 3.0 LLC purchased a new position in shares of Northrop Grumman Corporation (NYSE:NOC) in the second quarter, HoldingsChannel.com reports. The fund purchased 524 shares of the aerospace company’s stock, valued at approximately $266,000.

Several other large investors have also recently bought and sold shares of the company. Brookstone Capital Management boosted its holdings in shares of Northrop Grumman by 121.0% in the first quarter. Brookstone Capital Management now owns 6,640 shares of the aerospace company’s stock valued at $3,400,000 after buying an additional 3,635 shares during the period. First United Bank & Trust increased its holdings in Northrop Grumman by 641.0% in the 2nd quarter. First United Bank & Trust now owns 778 shares of the aerospace company’s stock valued at $389,000 after buying an additional 673 shares during the period. GAM Holding AG increased its holdings in Northrop Grumman by 51.9% in the 1st quarter. GAM Holding AG now owns 2,338 shares of the aerospace company’s stock valued at $1,197,000 after buying an additional 799 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Northrop Grumman during the 1st quarter worth approximately $33,090,000. Finally, Golden State Wealth Management LLC boosted its position 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 during the period. Institutional investors own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Truist Financial restated a “buy” rating and set a $625.00 price target (up previously from $550.00) on shares of Northrop Grumman in a research note on Wednesday, July 23rd. Wall Street Zen raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, September 5th. JPMorgan Chase & Co. raised their target price 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. Bank of America raised their price objective on Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $700.00 price objective on Northrop Grumman and gave the stock a “buy” rating in a report on Wednesday. One equities 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $601.00.

Northrop Grumman Stock Down 1.8%

Shares of NOC opened at $623.51 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The stock’s 50 day moving average is $590.32 and its two-hundred day moving average is $533.84. The firm has a market cap of $89.28 billion, a P/E ratio of 22.98, a PEG ratio of 5.97 and a beta of 0.10. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $640.90.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, beating analysts’ consensus estimates of $6.84 by $0.27. The company had revenue of $10.35 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.36 earnings per share. 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio 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.