Bristlecone Advisors LLC Decreases Stock Holdings in Northrop Grumman Corporation $NOC

Bristlecone Advisors LLC decreased its holdings in Northrop Grumman Corporation (NYSE:NOC) by 6.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,394 shares of the aerospace company’s stock after selling 385 shares during the quarter. Bristlecone Advisors LLC’s holdings in Northrop Grumman were worth $2,697,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Brookstone Capital Management raised its position in Northrop Grumman by 121.0% in the 1st quarter. Brookstone Capital Management now owns 6,640 shares of the aerospace company’s stock worth $3,400,000 after buying an additional 3,635 shares during the last quarter. First United Bank & Trust raised its position in Northrop Grumman by 641.0% in the 2nd quarter. First United Bank & Trust now owns 778 shares of the aerospace company’s stock worth $389,000 after buying an additional 673 shares during the last quarter. Fortem Financial Group LLC raised its position in Northrop Grumman by 118.2% in the 1st quarter. Fortem Financial Group LLC now owns 1,104 shares of the aerospace company’s stock worth $565,000 after buying an additional 598 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Northrop Grumman by 12.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 792,707 shares of the aerospace company’s stock worth $405,874,000 after buying an additional 86,215 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in Northrop Grumman by 1,989.8% in the 1st quarter. Jones Financial Companies Lllp now owns 125,867 shares of the aerospace company’s stock worth $64,445,000 after buying an additional 119,844 shares during the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Trading Down 0.2%

Shares of NYSE:NOC opened at $594.95 on Wednesday. The stock has a 50 day moving average of $594.81 and a 200 day moving average of $542.29. The company has a market cap of $84.91 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 5.16 and a beta of 0.10. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $640.90.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data 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. The company had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.68 billion. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The firm’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $7.00 EPS. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, equities research analysts expect that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were paid a $2.31 dividend. This represents a $9.24 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio is presently 33.24%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NOC shares. Deutsche Bank Aktiengesellschaft set a $700.00 price target on shares of Northrop Grumman and gave the company a “buy” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on shares of Northrop Grumman from $575.00 to $640.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Wall Street Zen raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Morgan Stanley upped their price target on shares of Northrop Grumman from $625.00 to $720.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Finally, Susquehanna upped their price target on shares of Northrop Grumman from $650.00 to $690.00 and gave the company a “positive” rating in a research 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $642.73.

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.