Northrop Grumman Corporation $NOC Shares Acquired by Hazlett Burt & Watson Inc.

Hazlett Burt & Watson Inc. increased its stake in Northrop Grumman Corporation (NYSE:NOC) by 13.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 507 shares of the aerospace company’s stock after purchasing an additional 61 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in Northrop Grumman were worth $253,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Brookstone Capital Management grew its stake 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 in the last quarter. First United Bank & Trust grew its stake in shares of Northrop Grumman by 641.0% in the second 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 in the last quarter. GAM Holding AG grew its stake in Northrop Grumman by 51.9% during the 1st quarter. GAM Holding AG now owns 2,338 shares of the aerospace company’s stock valued at $1,197,000 after purchasing an additional 799 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in Northrop Grumman during the 1st quarter valued at approximately $33,090,000. Finally, Golden State Wealth Management LLC grew its stake 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 valued at $1,421,000 after purchasing an additional 1,866 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NOC. Susquehanna raised their price objective on Northrop Grumman from $557.00 to $650.00 and gave the company a “positive” rating in a research note on Tuesday, July 22nd. Wells Fargo & Company restated an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. raised their price objective on Northrop Grumman from $480.00 to $585.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Northrop Grumman in a research note on Saturday, September 27th. Finally, Royal Bank Of Canada raised their price objective on Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $601.00.

Northrop Grumman Trading Down 0.8%

NYSE:NOC opened at $618.24 on Tuesday. 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 business’s 50 day moving average is $590.87 and its two-hundred day moving average is $534.72. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $640.90. The company has a market cap of $88.52 billion, a PE ratio of 22.79, a P/E/G ratio of 6.06 and a beta of 0.10.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter last year, the business posted $6.36 EPS. Northrop Grumman’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, analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were issued a $2.31 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $9.24 annualized dividend and a dividend yield of 1.5%. Northrop Grumman’s dividend payout ratio (DPR) is 34.06%.

About Northrop Grumman

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.