Northrop Grumman Corporation $NOC Stock Holdings Raised by Naples Global Advisors LLC

Naples Global Advisors LLC lifted its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 3.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 987 shares of the aerospace company’s stock after purchasing an additional 31 shares during the period. Naples Global Advisors LLC’s holdings in Northrop Grumman were worth $493,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of NOC. Wellington Management Group LLP grew its position in shares of Northrop Grumman by 23.4% in the 1st quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company’s stock worth $2,631,390,000 after acquiring an additional 974,633 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Northrop Grumman by 1,425.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,001,198 shares of the aerospace company’s stock valued at $512,624,000 after acquiring an additional 935,554 shares in the last quarter. Nuveen LLC bought a new position in Northrop Grumman during the first quarter worth $369,205,000. Vanguard Group Inc. boosted its holdings in Northrop Grumman by 4.6% in the first quarter. Vanguard Group Inc. now owns 13,266,301 shares of the aerospace company’s stock worth $6,792,479,000 after purchasing an additional 588,520 shares during the period. Finally, AQR Capital Management LLC increased its stake in Northrop Grumman by 98.8% during the first quarter. AQR Capital Management LLC now owns 899,114 shares of the aerospace company’s stock valued at $460,355,000 after purchasing an additional 446,940 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Stock Up 0.9%

Shares of Northrop Grumman stock opened at $610.32 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $610.85. The business’s fifty day moving average price is $585.11 and its two-hundred day moving average price is $529.07. The company has a market capitalization of $87.39 billion, a P/E ratio of 22.50, a PEG ratio of 5.79 and a beta of 0.10.

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

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were paid a $2.31 dividend. 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 dividend payout ratio is currently 34.06%.

Analysts Set New Price Targets

Several research firms have recently commented on NOC. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Northrop Grumman in a report on Monday, July 14th. JPMorgan Chase & Co. lifted their target price on Northrop Grumman from $480.00 to $585.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Northrop Grumman in a report on Saturday, September 27th. Truist Financial reissued a “buy” rating and issued a $625.00 price target (up previously from $550.00) on shares of Northrop Grumman in a report on Wednesday, July 23rd. Finally, Barclays upped their price objective on Northrop Grumman from $500.00 to $580.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $588.85.

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.