Savvy Advisors Inc. Grows Position in Northrop Grumman Corporation $NOC

Savvy Advisors Inc. raised its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 32.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 650 shares of the aerospace company’s stock after purchasing an additional 159 shares during the quarter. Savvy Advisors Inc.’s holdings in Northrop Grumman were worth $325,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. grew its holdings in Northrop Grumman by 39.5% during the 2nd quarter. Assetmark Inc. now owns 25,615 shares of the aerospace company’s stock valued at $12,807,000 after buying an additional 7,258 shares in the last quarter. HBK Sorce Advisory LLC grew its holdings in Northrop Grumman by 1.6% during the 2nd quarter. HBK Sorce Advisory LLC now owns 1,617 shares of the aerospace company’s stock valued at $808,000 after buying an additional 25 shares in the last quarter. Premier Path Wealth Partners LLC grew its holdings in Northrop Grumman by 4.3% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 1,029 shares of the aerospace company’s stock valued at $515,000 after buying an additional 42 shares in the last quarter. Buck Wealth Strategies LLC purchased a new position in Northrop Grumman during the 2nd quarter valued at approximately $202,000. Finally, Arkadios Wealth Advisors grew its holdings in Northrop Grumman by 17.1% during the 2nd quarter. Arkadios Wealth Advisors now owns 2,628 shares of the aerospace company’s stock valued at $1,314,000 after buying an additional 383 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Price Performance

NOC opened at $584.91 on Friday. The business has a fifty day moving average of $594.13 and a 200 day moving average of $543.32. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $640.90. 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 stock has a market cap of $83.48 billion, a P/E ratio of 21.04, a PEG ratio of 5.07 and a beta of 0.10.

Northrop Grumman (NYSE:NOC) last posted 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. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The company had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter in the previous year, the business earned $7.00 EPS. Northrop Grumman’s 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. As a group, sell-side analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

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

Analyst Ratings Changes

Several research firms have weighed in on NOC. Truist Financial raised their price target on 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 lifted their target price on Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Bank of America lifted their target price on Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Robert W. Baird lifted their target price on Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Northrop Grumman 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.