Crestwood Advisors Group LLC Boosts Position in Northrop Grumman Corporation $NOC

Crestwood Advisors Group LLC raised its stake in Northrop Grumman Corporation (NYSE:NOC) by 3.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,756 shares of the aerospace company’s stock after purchasing an additional 104 shares during the period. Crestwood Advisors Group LLC’s holdings in Northrop Grumman were worth $1,378,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. IMA Advisory Services Inc. acquired a new position in shares of Northrop Grumman in the 1st quarter valued at $27,000. Saudi Central Bank acquired a new stake in Northrop Grumman during the 1st quarter worth $28,000. Banque Cantonale Vaudoise purchased a new stake in Northrop Grumman in the first quarter valued at $30,000. NewSquare Capital LLC boosted its stake in Northrop Grumman by 75.0% in the second quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 27 shares in the last quarter. Finally, Flaharty Asset Management LLC purchased a new position in shares of Northrop Grumman during the first quarter worth about $36,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on NOC. Royal Bank Of Canada lifted their target price on Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Wells Fargo & Company restated an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. Bank of America lifted their price target on Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Robert W. Baird increased 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. Finally, 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 research report on Wednesday, October 22nd. One equities research 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. According to data from MarketBeat.com, Northrop Grumman has an average rating of “Moderate Buy” and a consensus target price of $642.73.

Northrop Grumman Price Performance

Northrop Grumman stock opened at $572.24 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 0.98. The business has a 50 day simple moving average of $592.96 and a 200-day simple moving average of $544.25. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $640.90. The stock has a market capitalization of $81.67 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 5.07 and a beta of 0.07.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates of $6.43 by $1.24. The firm had revenue of $10.42 billion for 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%. Northrop Grumman’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $7.00 EPS. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Equities analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were issued a dividend of $2.31 per share. This represents a $9.24 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. 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.