Northrop Grumman Corporation $NOC Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC trimmed its holdings in Northrop Grumman Corporation (NYSE:NOC) by 12.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,003 shares of the aerospace company’s stock after selling 413 shares during the period. Ameritas Advisory Services LLC’s holdings in Northrop Grumman were worth $1,501,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of NOC. IMA Advisory Services Inc. acquired a new stake in shares of Northrop Grumman in the first quarter valued at approximately $27,000. Saudi Central Bank acquired a new stake in Northrop Grumman during the 1st quarter valued at $28,000. Banque Cantonale Vaudoise acquired a new stake in Northrop Grumman during the 1st quarter valued at $30,000. Flaharty Asset Management LLC acquired a new stake in Northrop Grumman during the 1st quarter valued at $36,000. Finally, Hollencrest Capital Management boosted 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 valued at $45,000 after acquiring an additional 79 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on NOC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Northrop Grumman in a research note on Saturday, September 27th. Robert W. Baird raised their price target on shares of Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Truist Financial restated a “buy” rating and set a $625.00 target price (up previously from $550.00) on shares of Northrop Grumman in a research report on Wednesday, July 23rd. Wall Street Zen upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Finally, Bank of America raised their price objective on Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. 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’s stock. Based on data from MarketBeat, Northrop Grumman has an average rating of “Moderate Buy” and a consensus target price of $588.85.

Northrop Grumman Stock Up 0.9%

Shares of NOC opened at $610.32 on Friday. The firm has a market cap of $87.39 billion, a PE ratio of 22.50, a price-to-earnings-growth ratio of 5.84 and a beta of 0.10. The company’s fifty day moving average is $585.11 and its two-hundred day moving average is $529.33. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $610.85. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98.

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

Northrop Grumman Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman’s payout ratio is currently 34.06%.

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.