Beacon Financial Advisory LLC Increases Stock Position in Northrop Grumman Corporation $NOC

Beacon Financial Advisory LLC increased its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 3.0% in the 2nd quarter, Holdings Channel reports. The firm owned 746 shares of the aerospace company’s stock after buying an additional 22 shares during the period. Beacon Financial Advisory LLC’s holdings in Northrop Grumman were worth $373,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NOC. Brookstone Capital Management increased its position in Northrop Grumman by 121.0% during the first quarter. Brookstone Capital Management now owns 6,640 shares of the aerospace company’s stock valued at $3,400,000 after acquiring an additional 3,635 shares during the last quarter. First United Bank & Trust increased its position in shares of Northrop Grumman by 641.0% during the 2nd quarter. First United Bank & Trust now owns 778 shares of the aerospace company’s stock valued at $389,000 after purchasing an additional 673 shares during the last quarter. GAM Holding AG lifted its stake in shares of Northrop Grumman by 51.9% in the 1st quarter. GAM Holding AG now owns 2,338 shares of the aerospace company’s stock worth $1,197,000 after purchasing an additional 799 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Northrop Grumman in the first quarter worth approximately $33,090,000. Finally, Golden State Wealth Management LLC boosted its holdings in shares of Northrop Grumman by 206.2% in the first quarter. Golden State Wealth Management LLC now owns 2,771 shares of the aerospace company’s stock worth $1,421,000 after buying an additional 1,866 shares during the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Analyst Ratings Changes

NOC has been the topic of several recent research reports. Susquehanna increased their price target on shares of Northrop Grumman from $557.00 to $650.00 and gave the stock a “positive” rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. raised their target price on Northrop Grumman from $480.00 to $585.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Bank of America lifted their target price on Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Wells Fargo & Company restated an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Finally, Truist Financial reiterated a “buy” rating and set a $625.00 price objective (up from $550.00) on shares of Northrop Grumman in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $588.85.

Northrop Grumman Trading Up 0.9%

NOC stock opened at $610.32 on Monday. The company has a market capitalization of $87.39 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 5.84 and a beta of 0.10. 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 has a 50 day simple moving average of $585.11 and a two-hundred day simple moving average of $529.61.

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

Northrop Grumman Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were given 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 was Tuesday, September 2nd. Northrop Grumman’s payout ratio 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.