Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Stake in Northrop Grumman Corporation $NOC

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 6.6% during the 2nd quarter, Holdings Channel reports. The fund owned 33,181 shares of the aerospace company’s stock after buying an additional 2,063 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Northrop Grumman were worth $16,590,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of NOC. First United Bank & Trust lifted its holdings in 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 buying an additional 673 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Northrop Grumman by 12.2% during the first quarter. Goldman Sachs Group Inc. now owns 792,707 shares of the aerospace company’s stock worth $405,874,000 after acquiring an additional 86,215 shares during the period. Jones Financial Companies Lllp increased its position in shares of Northrop Grumman by 1,989.8% during the first quarter. Jones Financial Companies Lllp now owns 125,867 shares of the aerospace company’s stock worth $64,445,000 after acquiring an additional 119,844 shares during the period. Mitchell Mcleod Pugh & Williams Inc. raised its stake in shares of Northrop Grumman by 29.4% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 1,848 shares of the aerospace company’s stock valued at $924,000 after acquiring an additional 420 shares in the last quarter. Finally, Ally Financial Inc. boosted its holdings in Northrop Grumman by 50.0% in the first quarter. Ally Financial Inc. now owns 3,000 shares of the aerospace company’s stock valued at $1,536,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

Shares of NOC opened at $557.77 on Friday. The company has a market capitalization of $79.61 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth 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 quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 0.95. The stock has a 50 day moving average price of $590.21 and a 200 day moving average price of $548.06.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share for the quarter, topping analysts’ consensus estimates of $6.43 by $1.24. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The company had revenue of $10.42 billion for the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter last year, the company earned $7.00 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. 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 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were paid a $2.31 dividend. This represents a $9.24 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio is currently 33.24%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NOC. Deutsche Bank Aktiengesellschaft set a $700.00 price target on Northrop Grumman and gave the stock a “buy” rating in a report on Wednesday, October 8th. Wall Street Zen raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, September 5th. UBS Group lifted their price target on shares of Northrop Grumman to $770.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. increased their price objective on shares of Northrop Grumman from $575.00 to $640.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Northrop Grumman in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Northrop Grumman has an average rating of “Moderate Buy” and an average price target of $642.73.

Northrop Grumman 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.