Stratos Wealth Advisors LLC Lowers Holdings in Northrop Grumman Corporation $NOC

Stratos Wealth Advisors LLC trimmed its holdings in Northrop Grumman Corporation (NYSE:NOC) by 4.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,194 shares of the aerospace company’s stock after selling 53 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Northrop Grumman were worth $597,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in NOC. Brighton Jones LLC boosted its holdings in Northrop Grumman by 176.3% in the fourth quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock valued at $1,394,000 after purchasing an additional 1,895 shares during the last quarter. Bison Wealth LLC boosted its holdings in Northrop Grumman by 5.3% in the fourth quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock valued at $301,000 after purchasing an additional 32 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Northrop Grumman by 8.6% in the first quarter. GAMMA Investing LLC now owns 2,969 shares of the aerospace company’s stock valued at $1,520,000 after purchasing an additional 236 shares during the last quarter. Avior Wealth Management LLC raised its position in shares of Northrop Grumman by 12.6% in the first quarter. Avior Wealth Management LLC now owns 860 shares of the aerospace company’s stock worth $440,000 after acquiring an additional 96 shares during the period. Finally, GAM Holding AG boosted its stake in shares of Northrop Grumman by 51.9% during the 1st quarter. GAM Holding AG now owns 2,338 shares of the aerospace company’s stock worth $1,197,000 after acquiring an additional 799 shares in the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NOC shares. Royal Bank Of Canada increased their target price on shares of Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Sanford C. Bernstein reissued a “market perform” rating on shares of Northrop Grumman in a research note on Monday, July 14th. JPMorgan Chase & Co. increased their target price on shares of Northrop Grumman from $480.00 to $585.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Robert W. Baird increased their target price 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. Finally, Susquehanna increased their target price on shares of Northrop Grumman from $557.00 to $650.00 and gave the stock a “positive” rating in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Northrop Grumman presently has an average rating of “Moderate Buy” and a consensus price target of $613.15.

Northrop Grumman Stock Down 0.8%

NOC stock opened at $594.15 on Monday. The company has a market cap of $85.07 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 5.78 and a beta of 0.10. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $640.90. The firm has a 50-day moving average of $592.48 and a two-hundred day moving average of $537.35.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share for the quarter, beating the consensus estimate of $6.84 by $0.27. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The business had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $10.15 billion. During the same quarter in the prior year, the company posted $6.36 EPS. The business’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. As a group, analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were given a dividend of $2.31 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.6%. Northrop Grumman’s dividend payout ratio (DPR) is presently 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.