Motco Raises Stock Position in Northrop Grumman Corporation $NOC

Motco grew its holdings in Northrop Grumman Corporation (NYSE:NOC) by 4.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 12,784 shares of the aerospace company’s stock after acquiring an additional 496 shares during the period. Motco’s holdings in Northrop Grumman were worth $6,392,000 at the end of the most recent reporting period.

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

Northrop Grumman Trading Down 0.2%

NYSE:NOC opened at $594.95 on Wednesday. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $640.90. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 1.11. The firm has a market cap of $84.91 billion, a P/E ratio of 21.40, a P/E/G ratio of 5.16 and a beta of 0.10. The firm has a 50-day simple moving average of $594.81 and a 200-day simple moving average of $542.29.

Northrop Grumman (NYSE:NOC) last posted its quarterly 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. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The business had revenue of $10.42 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the previous year, the business posted $7.00 EPS. The company’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. Equities analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

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 $2.31 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $9.24 annualized dividend and a dividend yield of 1.6%. Northrop Grumman’s payout ratio is currently 33.24%.

Analysts Set New Price Targets

A number of equities analysts recently commented on NOC shares. BTIG Research lifted their price target on shares of Northrop Grumman from $630.00 to $680.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft set a $700.00 price objective on shares of Northrop Grumman and gave the company a “buy” rating in a report on Wednesday, October 8th. Truist Financial lifted their price objective on shares of Northrop Grumman from $625.00 to $688.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. UBS Group lifted their price objective on shares of Northrop Grumman to $770.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, Bank of America lifted their price objective on shares of Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. One equities research 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.