Northrop Grumman Corporation $NOC Stock Holdings Lessened by Logan Capital Management Inc.

Logan Capital Management Inc. trimmed its stake in Northrop Grumman Corporation (NYSE:NOC) by 3.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,928 shares of the aerospace company’s stock after selling 192 shares during the quarter. Logan Capital Management Inc.’s holdings in Northrop Grumman were worth $2,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of Northrop Grumman by 176.3% during the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock valued at $1,394,000 after purchasing an additional 1,895 shares in the last quarter. Bison Wealth LLC raised its holdings in shares of Northrop Grumman by 5.3% during the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock valued at $301,000 after purchasing an additional 32 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Northrop Grumman by 9.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,850 shares of the aerospace company’s stock valued at $9,143,000 after purchasing an additional 1,549 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Northrop Grumman by 14.8% during the 1st quarter. Golden State Wealth Management LLC now owns 1,039 shares of the aerospace company’s stock valued at $532,000 after purchasing an additional 134 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC raised its holdings in shares of Northrop Grumman by 38.1% during the 1st quarter. Avidian Wealth Enterprises LLC now owns 914 shares of the aerospace company’s stock valued at $468,000 after purchasing an additional 252 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NOC. Truist Financial raised their price target 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. Royal Bank Of Canada increased their price target on Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Robert W. Baird increased their price target on Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft set a $700.00 price target on Northrop Grumman and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Northrop Grumman in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Northrop Grumman currently has an average rating of “Moderate Buy” and a consensus target price of $642.73.

Northrop Grumman Trading Down 0.2%

Shares of Northrop Grumman stock opened at $594.95 on Wednesday. The company’s fifty day simple moving average is $594.81 and its 200-day simple moving average is $542.29. The company has a market cap of $84.91 billion, a price-to-earnings ratio of 21.40, a PEG 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 1 year low of $426.24 and a 1 year 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, topping the consensus estimate of $6.43 by $1.24. The business had revenue of $10.42 billion for the quarter, compared to the consensus estimate of $10.68 billion. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. Northrop Grumman’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company posted $7.00 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, sell-side analysts expect that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were paid 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 dividend payout ratio (DPR) is presently 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.