Savant Capital LLC Cuts Stake in Northrop Grumman Corporation $NOC

Savant Capital LLC lessened its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 22.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,487 shares of the aerospace company’s stock after selling 3,591 shares during the quarter. Savant Capital LLC’s holdings in Northrop Grumman were worth $6,243,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in NOC. IMA Advisory Services Inc. bought a new stake in shares of Northrop Grumman during the first quarter valued at approximately $27,000. Saudi Central Bank bought a new position in shares of Northrop Grumman during the first quarter worth $28,000. Banque Cantonale Vaudoise purchased a new position in Northrop Grumman during the first quarter valued at $30,000. NewSquare Capital LLC increased its holdings in Northrop Grumman by 75.0% in the 2nd quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 27 shares during the last quarter. Finally, Flaharty Asset Management LLC purchased a new stake in Northrop Grumman in the 1st quarter worth $36,000. 83.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NOC. UBS Group raised their price objective on Northrop Grumman to $770.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft set a $700.00 price target on Northrop Grumman and gave the company a “buy” rating in a research note on Wednesday, October 8th. Susquehanna lifted their price objective on Northrop Grumman from $650.00 to $690.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Sanford C. Bernstein set a $696.00 price objective on Northrop Grumman in a report on Thursday, October 23rd. Finally, Royal Bank Of Canada raised their target price on shares of Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $642.73.

Northrop Grumman Trading Down 0.5%

Shares of NOC stock opened at $569.09 on Friday. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $640.90. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 0.98. The stock’s 50 day simple moving average is $592.54 and its two-hundred day simple moving average is $545.08. The company has a market cap of $81.22 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 5.07 and a beta of 0.07.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, topping analysts’ consensus estimates of $6.43 by $1.24. The firm had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.68 billion. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.00 EPS. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Research analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

The company also recently announced 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 of this dividend was Tuesday, September 2nd. This represents a $9.24 annualized dividend and a dividend yield of 1.6%. Northrop Grumman’s dividend payout ratio is currently 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.