Nisa Investment Advisors LLC Cuts Stake in Northrop Grumman Corporation $NOC

Nisa Investment Advisors LLC trimmed its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 55,415 shares of the aerospace company’s stock after selling 447 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Northrop Grumman were worth $27,706,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NOC. IMA Advisory Services Inc. purchased a new stake in shares of Northrop Grumman during the first quarter valued at approximately $27,000. Saudi Central Bank purchased a new stake in Northrop Grumman during the 1st quarter valued at $28,000. Banque Cantonale Vaudoise purchased a new stake in Northrop Grumman during the 1st quarter valued at $30,000. Flaharty Asset Management LLC purchased a new stake in shares of Northrop Grumman during the first quarter valued at $36,000. Finally, Hollencrest Capital Management boosted its position in shares of Northrop Grumman by 790.0% during the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock valued at $45,000 after buying an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Trading Down 0.0%

Shares of Northrop Grumman stock opened at $605.67 on Monday. The company’s fifty day simple moving average is $594.41 and its 200-day simple moving average is $541.16. The stock has a market capitalization of $86.44 billion, a PE ratio of 21.79, a P/E/G ratio of 5.24 and a beta of 0.10. 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.

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

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were given a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman’s payout ratio is presently 33.24%.

Wall Street Analysts Forecast Growth

NOC has been the topic of several recent analyst reports. UBS Group increased their price objective on Northrop Grumman to $770.00 and gave the company a “buy” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft set a $700.00 price target on shares of Northrop Grumman and gave the company a “buy” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on shares of Northrop Grumman from $575.00 to $640.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Susquehanna raised their target price on shares of Northrop Grumman from $650.00 to $690.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Finally, Royal Bank Of Canada raised their price target on Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. One investment 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $642.73.

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.