Glass Wealth Management Co LLC Increases Stake in Northrop Grumman Corporation $NOC

Glass Wealth Management Co LLC lifted its holdings in Northrop Grumman Corporation (NYSE:NOC) by 1.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,125 shares of the aerospace company’s stock after buying an additional 120 shares during the period. Northrop Grumman makes up 2.2% of Glass Wealth Management Co LLC’s holdings, making the stock its 15th biggest position. Glass Wealth Management Co LLC’s holdings in Northrop Grumman were worth $4,062,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. IMA Advisory Services Inc. purchased a new stake in shares of Northrop Grumman in the first quarter valued at approximately $27,000. Saudi Central Bank acquired a new position in Northrop Grumman during the first quarter worth $28,000. Banque Cantonale Vaudoise purchased a new stake in Northrop Grumman in the 1st quarter valued at $30,000. Flaharty Asset Management LLC acquired a new stake in shares of Northrop Grumman in the 1st quarter worth $36,000. Finally, Hollencrest Capital Management raised its holdings in shares of Northrop Grumman by 790.0% during the 1st quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock worth $45,000 after acquiring an additional 79 shares during the period. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Royal Bank Of Canada upped their price objective on shares of Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Sanford C. Bernstein restated a “market perform” rating on shares of Northrop Grumman in a report on Monday, July 14th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Susquehanna increased their price objective 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, Weiss Ratings restated a “buy (b)” rating on shares of Northrop Grumman in a research report on Saturday, September 27th. 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $588.85.

Northrop Grumman Stock Performance

NYSE NOC opened at $610.32 on Monday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The company has a market cap of $87.39 billion, a P/E ratio of 22.50, a P/E/G ratio of 5.84 and a beta of 0.10. The stock has a 50-day moving average of $585.11 and a two-hundred day moving average of $529.61. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $610.85.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.84 by $0.27. The business had revenue of $10.35 billion for the quarter, compared to analysts’ expectations of $10.15 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior 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, analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were paid a $2.31 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $9.24 annualized dividend and a dividend yield of 1.5%. Northrop Grumman’s payout ratio is 34.06%.

About Northrop Grumman

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.