Wilmington Savings Fund Society FSB Purchases 112 Shares of Northrop Grumman Corporation $NOC

Wilmington Savings Fund Society FSB increased its stake in Northrop Grumman Corporation (NYSE:NOC) by 4.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,770 shares of the aerospace company’s stock after buying an additional 112 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Northrop Grumman were worth $1,385,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NOC. Wellington Management Group LLP raised its stake in Northrop Grumman by 23.4% in the first quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company’s stock worth $2,631,390,000 after buying an additional 974,633 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Northrop Grumman by 1,425.2% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,001,198 shares of the aerospace company’s stock worth $512,624,000 after buying an additional 935,554 shares in the last quarter. Nuveen LLC bought a new position in Northrop Grumman in the first quarter worth about $369,205,000. Vanguard Group Inc. raised its stake in Northrop Grumman by 4.6% in the first quarter. Vanguard Group Inc. now owns 13,266,301 shares of the aerospace company’s stock worth $6,792,479,000 after buying an additional 588,520 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Northrop Grumman by 98.8% in the first quarter. AQR Capital Management LLC now owns 899,114 shares of the aerospace company’s stock worth $460,355,000 after buying an additional 446,940 shares in the last quarter. 83.40% of the stock is owned by institutional investors.

Northrop Grumman Price Performance

Shares of NYSE NOC opened at $609.26 on Thursday. The company has a 50 day simple moving average of $592.00 and a two-hundred day simple moving average of $535.87. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $640.90. 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 company has a market capitalization of $87.23 billion, a price-to-earnings ratio of 22.46, a P/E/G ratio of 6.09 and a beta of 0.10.

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

Northrop Grumman Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $2.31 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.5%. Northrop Grumman’s dividend payout ratio is presently 34.06%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NOC shares. Deutsche Bank Aktiengesellschaft set a $700.00 price target on shares of Northrop Grumman and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Bank of America raised their target price on shares of Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. Robert W. Baird raised their target price on shares of Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada raised their target price on shares of Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” 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 company. According to data from MarketBeat, Northrop Grumman currently has a consensus rating of “Moderate Buy” and a consensus target price of $613.15.

Northrop Grumman 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.