HORAN Wealth LLC Takes $3.29 Million Position in Northrop Grumman Corporation $NOC

HORAN Wealth LLC bought a new stake in shares of Northrop Grumman Corporation (NYSE:NOC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,580 shares of the aerospace company’s stock, valued at approximately $3,290,000.

Other hedge funds have also modified their holdings of the company. IMA Advisory Services Inc. purchased a new stake in shares of Northrop Grumman during the first quarter valued at $27,000. Saudi Central Bank purchased a new stake in Northrop Grumman in the 1st quarter worth about $28,000. Banque Cantonale Vaudoise purchased a new stake in Northrop Grumman in the 1st quarter worth about $30,000. NewSquare Capital LLC lifted its stake in Northrop Grumman by 75.0% in the 2nd quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 27 shares in the last quarter. Finally, Flaharty Asset Management LLC purchased a new stake in Northrop Grumman in the 1st quarter worth about $36,000. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Stock Down 1.1%

NOC opened at $570.67 on Thursday. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $640.90. The business has a 50-day moving average of $593.27 and a 200-day moving average of $544.05. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 0.98. The company has a market capitalization of $81.45 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 5.07 and a beta of 0.07.

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

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were issued 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 is currently 33.24%.

Analyst Ratings Changes

Several brokerages recently issued reports on NOC. Barclays increased their price objective on Northrop Grumman from $500.00 to $580.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Wells Fargo & Company reissued an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. Susquehanna increased their price objective on Northrop Grumman from $650.00 to $690.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Wall Street Zen raised Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Finally, Morgan Stanley increased their price objective on Northrop Grumman from $625.00 to $720.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $642.73.

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.