Allworth Financial LP Grows Stock Holdings in Northrop Grumman Corporation $NOC

Allworth Financial LP increased its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 23.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,176 shares of the aerospace company’s stock after purchasing an additional 1,191 shares during the period. Allworth Financial LP’s holdings in Northrop Grumman were worth $3,088,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NOC. IMA Advisory Services Inc. purchased a new position in shares of Northrop Grumman in the 1st quarter valued at about $27,000. Saudi Central Bank acquired a new position in Northrop Grumman in the first quarter valued at approximately $28,000. Banque Cantonale Vaudoise purchased a new position in Northrop Grumman in the first quarter valued at approximately $30,000. NewSquare Capital LLC raised its holdings in Northrop Grumman by 75.0% during the second quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 27 shares in the last quarter. Finally, Flaharty Asset Management LLC purchased a new stake in shares of Northrop Grumman during the 1st quarter worth approximately $36,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Stock Performance

NYSE:NOC opened at $558.63 on Thursday. 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 firm has a market cap of $79.73 billion, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 5.07 and a beta of 0.07. The firm’s fifty day moving average price is $591.09 and its 200 day moving average price is $547.02. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $640.90.

Northrop Grumman (NYSE:NOC) last released 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 quarter last year, the business earned $7.00 EPS. The business’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. On average, sell-side analysts expect that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were given a dividend of $2.31 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $9.24 annualized dividend and a yield of 1.7%. Northrop Grumman’s payout ratio is presently 33.24%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Barclays increased their target price on shares of Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. Truist Financial raised their price objective on Northrop Grumman from $625.00 to $688.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. UBS Group lifted their target price on Northrop Grumman to $770.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Morgan Stanley upped their target price on Northrop Grumman from $625.00 to $720.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Finally, Robert W. Baird lifted their price target on Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. One investment 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $642.73.

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.