Northrop Grumman Corporation $NOC Stake Lowered by Cwm LLC

Cwm LLC cut its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 16.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,972 shares of the aerospace company’s stock after selling 2,215 shares during the quarter. Cwm LLC’s holdings in Northrop Grumman were worth $5,486,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Brookstone Capital Management grew its holdings in shares of Northrop Grumman by 121.0% during the first quarter. Brookstone Capital Management now owns 6,640 shares of the aerospace company’s stock valued at $3,400,000 after purchasing an additional 3,635 shares during the last quarter. First United Bank & Trust grew 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 worth $389,000 after buying an additional 673 shares in the last quarter. GAM Holding AG grew 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 worth $1,197,000 after buying an additional 799 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in Northrop Grumman by 206.2% in 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. grew its holdings in Northrop Grumman by 18.8% in 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. 83.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NOC has been the subject of a number of recent analyst reports. Susquehanna increased their price objective on Northrop Grumman from $557.00 to $650.00 and gave the stock a “positive” rating in a report on Tuesday, July 22nd. Wall Street Zen raised Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Morgan Stanley increased their price objective on Northrop Grumman from $625.00 to $720.00 and gave the stock an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. increased their price objective on Northrop Grumman from $480.00 to $585.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Finally, Robert W. Baird increased their price objective on Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $613.15.

Northrop Grumman Stock Performance

Shares of NYSE NOC opened at $609.26 on Thursday. The stock has a fifty day moving average price of $592.00 and a two-hundred day moving average price of $535.87. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The firm has a market cap of $87.23 billion, a P/E ratio of 22.46, a PEG ratio of 6.09 and a beta of 0.10. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $640.90.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results 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 firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.15 billion. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the company posted $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Research analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders 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 dividend yield of 1.5%. The ex-dividend date 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.