Private Capital Advisors Inc. Has $11.57 Million Stake in Northrop Grumman Corporation $NOC

Private Capital Advisors Inc. lifted its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 0.4% during the second quarter, Holdings Channel reports. The fund owned 23,135 shares of the aerospace company’s stock after buying an additional 98 shares during the quarter. Northrop Grumman comprises 1.4% of Private Capital Advisors Inc.’s investment portfolio, making the stock its 19th largest position. Private Capital Advisors Inc.’s holdings in Northrop Grumman were worth $11,567,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. IMA Advisory Services Inc. acquired a new position in shares of Northrop Grumman during the 1st quarter valued at $27,000. Saudi Central Bank acquired a new position in shares of Northrop Grumman during the 1st quarter valued at $28,000. Banque Cantonale Vaudoise acquired a new position in shares of Northrop Grumman during the 1st quarter valued at $30,000. Flaharty Asset Management LLC acquired a new position in shares of Northrop Grumman during the 1st quarter valued at $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 acquiring an additional 79 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analysts Set New Price Targets

NOC has been the topic of a number of research reports. Bank of America boosted their target price on shares of 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 upped their price objective on shares of Northrop Grumman from $625.00 to $688.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Robert W. Baird upped their price objective on shares of Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Susquehanna upped their price objective on shares of Northrop Grumman from $557.00 to $650.00 and gave the stock a “positive” rating in a report on Tuesday, July 22nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Northrop Grumman in a report on Tuesday, October 14th. One investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $617.50.

Northrop Grumman Stock Performance

Shares of NOC stock opened at $599.45 on Wednesday. The firm has a 50-day moving average of $593.28 and a 200-day moving average of $538.58. The company has a market cap of $85.83 billion, a P/E ratio of 22.10, a P/E/G ratio of 5.85 and a beta of 0.10. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $640.90.

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

Northrop Grumman Announces Dividend

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