Signet Investment Advisory Group Inc. Trims Stake in Northrop Grumman Corporation $NOC

Signet Investment Advisory Group Inc. reduced its position in Northrop Grumman Corporation (NYSE:NOC) by 1.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,358 shares of the aerospace company’s stock after selling 80 shares during the quarter. Signet Investment Advisory Group Inc.’s holdings in Northrop Grumman were worth $2,679,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisory Alpha LLC boosted its holdings in shares of Northrop Grumman by 55.0% in the 2nd quarter. Advisory Alpha LLC now owns 651 shares of the aerospace company’s stock worth $326,000 after purchasing an additional 231 shares in the last quarter. Transcend Capital Advisors LLC boosted its holdings in shares of Northrop Grumman by 6.4% in the 2nd quarter. Transcend Capital Advisors LLC now owns 715 shares of the aerospace company’s stock worth $357,000 after purchasing an additional 43 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Northrop Grumman by 0.3% in the 2nd quarter. Bessemer Group Inc. now owns 798,097 shares of the aerospace company’s stock worth $399,032,000 after purchasing an additional 2,258 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of Northrop Grumman by 24.8% in the 2nd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 509 shares of the aerospace company’s stock worth $251,000 after purchasing an additional 101 shares in the last quarter. Finally, Prudent Man Advisors LLC boosted its holdings in shares of Northrop Grumman by 29.0% in the 2nd quarter. Prudent Man Advisors LLC now owns 1,339 shares of the aerospace company’s stock worth $669,000 after purchasing an additional 301 shares in the last quarter. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NOC shares. Wells Fargo & Company reiterated an “overweight” rating on shares of Northrop Grumman in a report on Tuesday, July 22nd. Morgan Stanley upped their price objective on Northrop Grumman from $625.00 to $720.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Bank of America upped their price objective on Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. BTIG Research increased their target price on Northrop Grumman from $630.00 to $680.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, UBS Group increased their target price on Northrop Grumman to $770.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued 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 $642.73.

Northrop Grumman Trading Down 1.6%

Shares of NOC stock opened at $596.17 on Tuesday. The stock has a market capitalization of $85.09 billion, a PE ratio of 21.44, a P/E/G ratio of 5.24 and a beta of 0.10. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $640.90. The business has a 50-day moving average of $594.64 and a 200 day moving average of $541.74. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 0.98.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, beating analysts’ consensus estimates of $6.43 by $1.24. The business had revenue of $10.42 billion during the quarter, compared to analyst estimates of $10.68 billion. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.Northrop Grumman’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $7.00 EPS. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, sell-side analysts anticipate 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. Shareholders of record on Tuesday, September 2nd were given a dividend of $2.31 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $9.24 dividend on an annualized basis and a yield of 1.5%. Northrop Grumman’s dividend payout ratio is presently 33.24%.

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.