Northrop Grumman Corporation $NOC Position Reduced by Fielder Capital Group LLC

Fielder Capital Group LLC trimmed its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 2.1% during the second quarter, HoldingsChannel reports. The fund owned 837 shares of the aerospace company’s stock after selling 18 shares during the quarter. Fielder Capital Group LLC’s holdings in Northrop Grumman were worth $418,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NOC shares. Wells Fargo & Company restated an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. UBS Group raised their price objective on shares of Northrop Grumman to $770.00 and gave the company a “buy” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft set a $700.00 price objective on shares of Northrop Grumman and gave the company a “buy” rating in a research report on Wednesday, October 8th. Morgan Stanley raised their price objective on shares of Northrop Grumman from $625.00 to $720.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Finally, Royal Bank Of Canada raised their price objective on shares of Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Northrop Grumman currently has a consensus rating of “Moderate Buy” and a consensus target price of $642.73.

Northrop Grumman Stock Performance

Shares of NOC opened at $605.67 on Friday. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $640.90. The company has a 50-day moving average of $594.41 and a two-hundred day moving average of $540.62. The stock has a market cap of $86.44 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 5.02 and a beta of 0.10. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 0.93.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, topping the consensus estimate of $6.43 by $1.24. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The company had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same period last year, the company posted $7.00 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, equities research analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were issued a $2.31 dividend. This represents a $9.24 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio (DPR) is presently 33.24%.

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.