Lyell Wealth Management LP Reduces Stock Holdings in Northrop Grumman Corporation $NOC

Lyell Wealth Management LP trimmed its position in Northrop Grumman Corporation (NYSE:NOC) by 46.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,150 shares of the aerospace company’s stock after selling 1,847 shares during the period. Lyell Wealth Management LP’s holdings in Northrop Grumman were worth $1,075,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NOC. IMA Advisory Services Inc. purchased a new position in shares of Northrop Grumman during the 1st quarter valued at about $27,000. Saudi Central Bank purchased a new position in shares of Northrop Grumman during the 1st quarter valued at about $28,000. Banque Cantonale Vaudoise purchased a new position in shares of Northrop Grumman during the 1st quarter valued at about $30,000. Flaharty Asset Management LLC purchased a new position in shares of Northrop Grumman during the 1st quarter valued at about $36,000. Finally, Hollencrest Capital Management lifted its position in shares of Northrop Grumman by 790.0% during the 1st quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock valued at $45,000 after buying an additional 79 shares in the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Bank of America lifted 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. Truist Financial lifted their price objective on Northrop Grumman from $625.00 to $688.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Northrop Grumman in a research report on Tuesday, October 14th. Finally, Wall Street Zen raised Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Northrop Grumman has a consensus rating of “Moderate Buy” and an average price target of $613.15.

Northrop Grumman Stock Performance

NOC opened at $594.15 on Monday. The stock has a market capitalization of $85.07 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 5.78 and a beta of 0.10. The company has a fifty day moving average of $592.48 and a 200 day moving average of $537.35. 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.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share for the quarter, beating the consensus estimate of $6.84 by $0.27. The company had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $10.15 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. Northrop Grumman’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the company posted $6.36 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. As a group, sell-side analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently disclosed 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. This represents a $9.24 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio is 34.06%.

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.