Atlantic Union Bankshares Corp Grows Holdings in Northrop Grumman Corporation $NOC

Atlantic Union Bankshares Corp increased its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 23.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,449 shares of the aerospace company’s stock after purchasing an additional 851 shares during the period. Atlantic Union Bankshares Corp’s holdings in Northrop Grumman were worth $2,224,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. IMA Advisory Services Inc. acquired a new stake in shares of Northrop Grumman during the first quarter worth about $27,000. Saudi Central Bank acquired a new position in Northrop Grumman in the 1st quarter valued at about $28,000. Banque Cantonale Vaudoise purchased a new stake in Northrop Grumman during the 1st quarter valued at approximately $30,000. NewSquare Capital LLC lifted its position in Northrop Grumman by 75.0% during 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 during the period. Finally, Flaharty Asset Management LLC acquired a new stake in Northrop Grumman during the 1st quarter worth approximately $36,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NOC shares. Robert W. Baird boosted their target price on Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada lifted 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. Wells Fargo & Company reissued an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. BTIG Research upped their price objective on shares of Northrop Grumman from $630.00 to $680.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Sanford C. Bernstein set a $696.00 target price on shares of Northrop Grumman in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $642.73.

Northrop Grumman Stock Performance

NYSE:NOC opened at $569.09 on Friday. The firm’s fifty day simple moving average is $592.54 and its 200-day simple moving average is $544.51. The company has a quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 0.95. The stock has a market cap of $81.22 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 5.07 and a beta of 0.07. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $640.90.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, topping analysts’ consensus estimates of $6.43 by $1.24. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The firm had revenue of $10.42 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter in the previous year, the firm earned $7.00 earnings per share. The firm’s 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. Analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were paid a $2.31 dividend. This represents a $9.24 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio (DPR) is presently 33.24%.

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.