Rosenberg Matthew Hamilton Raises Stock Holdings in Northrop Grumman Corporation $NOC

Rosenberg Matthew Hamilton boosted its stake in Northrop Grumman Corporation (NYSE:NOC) by 7.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 448 shares of the aerospace company’s stock after acquiring an additional 30 shares during the period. Rosenberg Matthew Hamilton’s holdings in Northrop Grumman were worth $224,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Brookstone Capital Management grew its position in Northrop Grumman by 121.0% in the 1st quarter. Brookstone Capital Management now owns 6,640 shares of the aerospace company’s stock valued at $3,400,000 after acquiring an additional 3,635 shares in the last quarter. First United Bank & Trust grew its position in shares of Northrop Grumman by 641.0% during the second 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 position in shares of Northrop Grumman by 51.9% during the first 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 position in shares of Northrop Grumman by 206.2% during the first 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 position in shares of Northrop Grumman by 18.8% during the first 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 and hedge funds.

Northrop Grumman Price Performance

Shares of NYSE NOC opened at $609.26 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. Northrop Grumman Corporation has a twelve month low of $426.24 and a twelve month high of $640.90. The stock has a 50 day moving average of $592.00 and a two-hundred day moving average of $535.87. The stock has a market cap of $87.23 billion, a P/E ratio of 22.46, a P/E/G ratio of 6.09 and a beta of 0.10.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, topping the consensus estimate of $6.84 by $0.27. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The business had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $10.15 billion. During the same quarter in the prior year, the business earned $6.36 earnings per share. 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, research analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio is 34.06%.

Analyst Ratings Changes

A number of equities analysts have recently commented on NOC shares. Bank of America boosted their price objective on Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Morgan Stanley boosted their price objective on Northrop Grumman from $625.00 to $720.00 and gave the stock an “overweight” rating in a research report on Wednesday. Robert W. Baird boosted their price objective on Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Wells Fargo & Company restated an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. Finally, Susquehanna boosted their target price on Northrop Grumman from $557.00 to $650.00 and gave the stock a “positive” rating in a research note on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $613.15.

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.