Calamos Wealth Management LLC Sells 24 Shares of Northrop Grumman Corporation $NOC

Calamos Wealth Management LLC decreased its position in Northrop Grumman Corporation (NYSE:NOC) by 5.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 459 shares of the aerospace company’s stock after selling 24 shares during the quarter. Calamos Wealth Management LLC’s holdings in Northrop Grumman were worth $229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of NOC. Brighton Jones LLC increased its position in shares of Northrop Grumman by 176.3% during the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock valued at $1,394,000 after purchasing an additional 1,895 shares during the last quarter. Bison Wealth LLC increased its position in shares of Northrop Grumman by 5.3% during the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock valued at $301,000 after purchasing an additional 32 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Northrop Grumman by 8.6% during the 1st quarter. GAMMA Investing LLC now owns 2,969 shares of the aerospace company’s stock valued at $1,520,000 after purchasing an additional 236 shares during the last quarter. Avior Wealth Management LLC increased its position in shares of Northrop Grumman by 12.6% during the 1st quarter. Avior Wealth Management LLC now owns 860 shares of the aerospace company’s stock valued at $440,000 after purchasing an additional 96 shares during the last quarter. Finally, GAM Holding AG increased its position in shares of Northrop Grumman by 51.9% during the 1st quarter. GAM Holding AG now owns 2,338 shares of the aerospace company’s stock valued at $1,197,000 after purchasing an additional 799 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NOC shares. Bank of America boosted their target price on Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Morgan Stanley boosted their target price on Northrop Grumman from $625.00 to $720.00 and gave the company an “overweight” rating in a research report on Wednesday. Royal Bank Of Canada boosted their target price on Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Barclays boosted their price objective on Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Finally, Robert W. Baird boosted their price objective on Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $613.15.

Northrop Grumman Price Performance

NOC opened at $594.15 on Monday. The business has a fifty day moving average of $592.48 and a 200 day moving average of $537.35. 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 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The stock has a market cap of $85.07 billion, a P/E ratio of 21.90, a PEG ratio of 5.78 and a beta of 0.10.

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

Northrop Grumman Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were issued a $2.31 dividend. This represents a $9.24 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio is currently 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.