Northrop Grumman Corporation $NOC Position Increased by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC increased its stake in Northrop Grumman Corporation (NYSE:NOC) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 830 shares of the aerospace company’s stock after purchasing an additional 20 shares during the period. Tyche Wealth Partners LLC’s holdings in Northrop Grumman were worth $415,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Bingham Private Wealth LLC lifted its holdings in shares of Northrop Grumman by 4.3% in the 2nd quarter. Bingham Private Wealth LLC now owns 937 shares of the aerospace company’s stock worth $468,000 after purchasing an additional 39 shares during the last quarter. Richwood Investment Advisors LLC raised its stake in Northrop Grumman by 3.0% during the 2nd quarter. Richwood Investment Advisors LLC now owns 3,427 shares of the aerospace company’s stock valued at $1,713,000 after acquiring an additional 100 shares in the last quarter. SteelPeak Wealth LLC raised its stake in Northrop Grumman by 184.5% during the 2nd quarter. SteelPeak Wealth LLC now owns 7,825 shares of the aerospace company’s stock valued at $3,912,000 after acquiring an additional 5,075 shares in the last quarter. Appleton Partners Inc. MA raised its stake in Northrop Grumman by 2.6% during the 2nd quarter. Appleton Partners Inc. MA now owns 21,391 shares of the aerospace company’s stock valued at $10,695,000 after acquiring an additional 535 shares in the last quarter. Finally, Autumn Glory Partners LLC bought a new stake in Northrop Grumman during the 2nd quarter valued at $231,000. Institutional investors own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NOC. Susquehanna lifted their target price on Northrop Grumman from $557.00 to $650.00 and gave the company a “positive” rating in a research note on Tuesday, July 22nd. Truist Financial reaffirmed a “buy” rating and set a $625.00 target price (up previously from $550.00) on shares of Northrop Grumman in a research note on Wednesday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Northrop Grumman in a research report on Saturday, September 27th. JPMorgan Chase & Co. lifted their price target on Northrop Grumman from $480.00 to $585.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company restated an “overweight” rating on shares of Northrop Grumman in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $588.85.

Northrop Grumman Stock Performance

Shares of Northrop Grumman stock opened at $622.00 on Wednesday. The stock has a market cap of $89.06 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 5.92 and a beta of 0.10. The business has a fifty day simple moving average of $587.11 and a 200-day simple moving average of $531.14. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $627.81.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, topping the consensus estimate of $6.84 by $0.27. The business had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $10.15 billion. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.Northrop Grumman’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $6.36 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, sell-side analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were given a $2.31 dividend. This represents a $9.24 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio (DPR) is 34.06%.

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.