Alpine Woods Capital Investors LLC Has $1.54 Million Stock Position in Northrop Grumman Corporation $NOC

Alpine Woods Capital Investors LLC reduced its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 3.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,079 shares of the aerospace company’s stock after selling 103 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Northrop Grumman were worth $1,539,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. NorthRock Partners LLC raised its holdings in Northrop Grumman by 13.4% during the 2nd quarter. NorthRock Partners LLC now owns 1,570 shares of the aerospace company’s stock worth $785,000 after buying an additional 186 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of Northrop Grumman by 26.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,750 shares of the aerospace company’s stock worth $1,875,000 after acquiring an additional 774 shares in the last quarter. MGO One Seven LLC grew its stake in shares of Northrop Grumman by 3.6% during the 2nd quarter. MGO One Seven LLC now owns 5,219 shares of the aerospace company’s stock worth $2,609,000 after acquiring an additional 182 shares in the last quarter. Stephens Consulting LLC grew its stake in shares of Northrop Grumman by 11.0% during the 2nd quarter. Stephens Consulting LLC now owns 333 shares of the aerospace company’s stock worth $166,000 after acquiring an additional 33 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. grew its stake in shares of Northrop Grumman by 13.7% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 507 shares of the aerospace company’s stock worth $253,000 after acquiring an additional 61 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Trading Down 0.8%

NOC stock opened at $618.24 on Tuesday. 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 fifty day moving average price of $590.87 and a two-hundred day moving average price of $534.72. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $640.90. The stock has a market cap of $88.52 billion, a price-to-earnings ratio of 22.79, a price-to-earnings-growth ratio of 6.06 and a beta of 0.10.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, topping 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 firm had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $10.15 billion. During the same period in the previous year, the business posted $6.36 earnings per share. The company’s revenue for the quarter 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. Equities analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Bank of America raised their price target on shares of Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $700.00 price target on shares of Northrop Grumman and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Northrop Grumman in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Northrop Grumman has an average rating of “Moderate Buy” and an average price target of $601.00.

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.