Northrop Grumman Corporation $NOC Holdings Decreased by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 4.6% during the second quarter, Holdings Channel.com reports. The fund owned 15,196 shares of the aerospace company’s stock after selling 740 shares during the quarter. State of Alaska Department of Revenue’s holdings in Northrop Grumman were worth $7,597,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. IMA Advisory Services Inc. bought a new position in shares of Northrop Grumman in the 1st quarter valued at approximately $27,000. Saudi Central Bank acquired a new position in Northrop Grumman in the first quarter valued at about $28,000. Banque Cantonale Vaudoise bought a new stake in shares of Northrop Grumman in the first quarter worth about $30,000. Flaharty Asset Management LLC acquired a new position in Northrop Grumman during the first quarter valued at approximately $36,000. Finally, Hollencrest Capital Management increased its stake 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 worth $45,000 after purchasing an additional 79 shares during the period. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NOC shares. Bank of America lifted their price target on Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Truist Financial reissued a “buy” rating and set a $625.00 price objective (up from $550.00) on shares of Northrop Grumman in a report on Wednesday, July 23rd. Wall Street Zen upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Susquehanna increased their target price on Northrop Grumman from $557.00 to $650.00 and gave the stock a “positive” rating in a research report on Tuesday, July 22nd. Finally, Robert W. Baird boosted their price objective on Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Northrop Grumman currently has an average rating of “Moderate Buy” and an average target price of $588.85.

Northrop Grumman Trading Up 1.5%

Shares of Northrop Grumman stock opened at $594.50 on Friday. The company has a fifty day moving average of $580.34 and a 200 day moving average of $525.34. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $600.99. The company has a market capitalization of $85.12 billion, a P/E ratio of 21.91, a P/E/G ratio of 5.69 and a beta of 0.13. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.84 by $0.27. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The firm had revenue of $10.35 billion for the quarter, compared to analysts’ expectations of $10.15 billion. During the same period in the prior year, the company earned $6.36 EPS. The business’s revenue 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. On average, sell-side analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were issued a $2.31 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.6%. Northrop Grumman’s dividend payout ratio (DPR) 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.