Northrop Grumman Corporation $NOC Shares Sold by Studio Investment Management LLC

Studio Investment Management LLC cut its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,064 shares of the aerospace company’s stock after selling 44 shares during the quarter. Studio Investment Management LLC’s holdings in Northrop Grumman were worth $2,032,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in NOC. IMA Advisory Services Inc. acquired a new position in shares of Northrop Grumman in the first quarter worth $27,000. Saudi Central Bank acquired a new position in shares of Northrop Grumman in the first quarter worth $28,000. Banque Cantonale Vaudoise acquired a new position in shares of Northrop Grumman in the first quarter worth $30,000. Flaharty Asset Management LLC acquired a new position in shares of Northrop Grumman in the first quarter worth $36,000. Finally, Hollencrest Capital Management raised its holdings in shares of Northrop Grumman by 790.0% in the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock worth $45,000 after acquiring an additional 79 shares during the last quarter. 83.40% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Price Performance

NOC stock opened at $599.45 on Wednesday. The stock has a 50-day moving average price of $593.28 and a two-hundred day moving average price of $538.58. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $640.90. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The company has a market cap of $85.83 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 5.85 and a beta of 0.10.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.43 by $1.24. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The firm had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter in the previous year, the business earned $7.00 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, research analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders 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 yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman’s payout ratio is 34.06%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Morgan Stanley boosted their price target on Northrop Grumman from $625.00 to $720.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Susquehanna boosted their price target on Northrop Grumman from $557.00 to $650.00 and gave the stock a “positive” rating in a report on Tuesday, July 22nd. Sanford C. Bernstein upped their target price on Northrop Grumman from $630.00 to $674.00 and gave the company a “market perform” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft set a $700.00 target price on Northrop Grumman and gave the company a “buy” rating in a research note on Wednesday, October 8th. Finally, Bank of America upped their target price on Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and an average price target of $617.50.

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.