Northrop Grumman Corporation $NOC Shares Sold by Whipplewood Advisors LLC

Whipplewood Advisors LLC cut its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 42.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72 shares of the aerospace company’s stock after selling 53 shares during the period. Whipplewood Advisors LLC’s holdings in Northrop Grumman were worth $36,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NOC. IMA Advisory Services Inc. acquired a new stake in shares of Northrop Grumman during the first quarter valued at about $27,000. Saudi Central Bank acquired a new stake in shares of Northrop Grumman during the first quarter valued at about $28,000. Banque Cantonale Vaudoise acquired a new stake in shares of Northrop Grumman during the first quarter valued at about $30,000. Flaharty Asset Management LLC acquired a new stake in shares of Northrop Grumman during the first quarter valued at about $36,000. Finally, Hollencrest Capital Management grew its stake in shares of Northrop Grumman by 790.0% during the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock valued at $45,000 after acquiring an additional 79 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NOC shares. Morgan Stanley increased their price target on shares of Northrop Grumman from $625.00 to $720.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. UBS Group increased their price target on shares of Northrop Grumman to $770.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada increased their price target on shares of Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Sanford C. Bernstein set a $696.00 price target on shares of Northrop Grumman in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft set a $700.00 price target on shares of Northrop Grumman and gave the stock a “buy” rating in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $642.73.

Northrop Grumman Stock Performance

Shares of NYSE NOC opened at $596.17 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 0.95. The firm’s 50-day moving average price is $594.64 and its two-hundred day moving average price is $541.74. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $640.90. The stock has a market capitalization of $85.09 billion, a P/E ratio of 21.44, a P/E/G ratio of 5.24 and a beta of 0.10.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.43 by $1.24. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The firm had revenue of $10.42 billion for the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter last year, the company posted $7.00 earnings per share. Northrop Grumman’s revenue was up 4.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, sell-side analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The firm 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. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman’s payout ratio is 33.24%.

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.