FourThought Financial Partners LLC Purchases 332 Shares of Northrop Grumman Corporation $NOC

FourThought Financial Partners LLC boosted its position in Northrop Grumman Corporation (NYSE:NOC) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,758 shares of the aerospace company’s stock after acquiring an additional 332 shares during the period. Northrop Grumman accounts for 1.2% of FourThought Financial Partners LLC’s portfolio, making the stock its 22nd largest position. FourThought Financial Partners LLC’s holdings in Northrop Grumman were worth $12,379,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Saudi Central Bank acquired a new position in Northrop Grumman during the 1st quarter valued at about $28,000. Banque Cantonale Vaudoise bought a new stake in shares of Northrop Grumman during the first quarter worth approximately $30,000. NewSquare Capital LLC raised its stake in shares of Northrop Grumman by 75.0% during the second quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after buying an additional 27 shares during the last quarter. Flaharty Asset Management LLC acquired a new position in Northrop Grumman in the first quarter valued at approximately $36,000. Finally, AlphaQuest LLC boosted its stake in Northrop Grumman by 29.2% in the second quarter. AlphaQuest LLC now owns 93 shares of the aerospace company’s stock valued at $46,000 after acquiring an additional 21 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NOC has been the subject of several recent research reports. BNP Paribas upgraded shares of Northrop Grumman to a “strong-buy” rating in a research report on Tuesday, November 18th. Susquehanna lifted their price objective on Northrop Grumman from $650.00 to $690.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Northrop Grumman in a research note on Tuesday, October 14th. BNP Paribas Exane started coverage on Northrop Grumman in a research report on Tuesday, November 18th. They set an “outperform” rating and a $710.00 target price for the company. Finally, UBS Group upped their price target on Northrop Grumman to $770.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $646.94.

Northrop Grumman Price Performance

NOC stock opened at $565.75 on Tuesday. The stock has a 50-day moving average price of $588.83 and a two-hundred day moving average price of $551.77. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $640.90. The stock has a market cap of $80.74 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 5.07 and a beta of 0.07. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95.

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, topping the consensus estimate of $6.43 by $1.24. The company had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.68 billion. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.Northrop Grumman’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $7.00 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Equities analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st will be paid a dividend of $2.31 per share. This represents a $9.24 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, December 1st. Northrop Grumman’s dividend payout ratio (DPR) is currently 33.24%.

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.