Journey Advisory Group LLC Sells 20 Shares of Northrop Grumman Corporation $NOC

Journey Advisory Group LLC lowered its position in Northrop Grumman Corporation (NYSE:NOC) by 2.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 804 shares of the aerospace company’s stock after selling 20 shares during the quarter. Journey Advisory Group LLC’s holdings in Northrop Grumman were worth $402,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in NOC. Wellington Management Group LLP increased its stake in Northrop Grumman by 23.4% in the first quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company’s stock valued at $2,631,390,000 after acquiring an additional 974,633 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Northrop Grumman by 1,425.2% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,001,198 shares of the aerospace company’s stock valued at $512,624,000 after acquiring an additional 935,554 shares during the last quarter. Nuveen LLC purchased a new stake in Northrop Grumman during the first quarter valued at about $369,205,000. Vanguard Group Inc. grew its stake in shares of Northrop Grumman by 4.6% during the first quarter. Vanguard Group Inc. now owns 13,266,301 shares of the aerospace company’s stock valued at $6,792,479,000 after buying an additional 588,520 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Northrop Grumman by 98.8% during the first quarter. AQR Capital Management LLC now owns 899,114 shares of the aerospace company’s stock valued at $460,355,000 after buying an additional 446,940 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Morgan Stanley raised their price objective on Northrop Grumman from $625.00 to $720.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Wells Fargo & Company reiterated an “overweight” rating on shares of Northrop Grumman in a report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $700.00 target price on shares of Northrop Grumman and gave the company a “buy” rating in a report on Wednesday, October 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Northrop Grumman in a report on Tuesday, October 14th. Finally, Truist Financial lifted their target price on shares of Northrop Grumman from $625.00 to $688.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Northrop Grumman has an average rating of “Moderate Buy” and a consensus price target of $617.50.

Northrop Grumman Trading Up 1.2%

Shares of NOC stock opened at $601.92 on Tuesday. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $640.90. The firm has a fifty day moving average price of $592.91 and a 200-day moving average price of $538.16. 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 $86.18 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 5.78 and a beta of 0.10.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.84 by $0.27. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.15 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.36 EPS. As a group, equities analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $2.31 per share. 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 dividend payout ratio is 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.