Northrop Grumman Corporation $NOC Stock Holdings Trimmed by Americana Partners LLC

Americana Partners LLC trimmed its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 7.9% during the second quarter, Holdings Channel reports. The institutional investor owned 1,106 shares of the aerospace company’s stock after selling 95 shares during the period. Americana Partners LLC’s holdings in Northrop Grumman were worth $553,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. IMA Advisory Services Inc. acquired a new position in shares of Northrop Grumman in the 1st quarter worth $27,000. Saudi Central Bank bought a new stake in Northrop Grumman in the first quarter worth approximately $28,000. Banque Cantonale Vaudoise bought a new stake in shares of Northrop Grumman during the 1st quarter worth about $30,000. NewSquare Capital LLC boosted its holdings in shares of Northrop Grumman by 75.0% during the 2nd quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after buying an additional 27 shares during the period. Finally, Flaharty Asset Management LLC bought a new stake in Northrop Grumman during the 1st quarter valued at approximately $36,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NOC. Weiss Ratings reiterated a “buy (b-)” rating on shares of Northrop Grumman in a research report on Tuesday, October 14th. Royal Bank Of Canada lifted their price objective on Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Robert W. Baird upped their price target on Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Morgan Stanley increased their target price on Northrop Grumman from $625.00 to $720.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of Northrop Grumman from $575.00 to $640.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $642.73.

Northrop Grumman Trading Up 0.7%

Shares of NOC opened at $566.91 on Wednesday. The business’s fifty day moving average is $591.54 and its 200-day moving average is $546.94. The firm has a market cap of $80.91 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 5.07 and a beta of 0.07. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week 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.

Northrop Grumman (NYSE:NOC) last issued 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 business had revenue of $10.42 billion during the quarter, compared to analyst estimates of $10.68 billion. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business earned $7.00 EPS. 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 business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were paid a dividend of $2.31 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $9.24 annualized dividend and a yield of 1.6%. Northrop Grumman’s dividend payout ratio is currently 33.24%.

About Northrop Grumman

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.