Northrop Grumman Corporation $NOC Position Raised by AE Wealth Management LLC

AE Wealth Management LLC boosted its position in Northrop Grumman Corporation (NYSE:NOC) by 50.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,456 shares of the aerospace company’s stock after purchasing an additional 826 shares during the period. AE Wealth Management LLC’s holdings in Northrop Grumman were worth $1,228,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. First United Bank & Trust raised its stake in Northrop Grumman by 641.0% during the 2nd quarter. First United Bank & Trust now owns 778 shares of the aerospace company’s stock valued at $389,000 after purchasing an additional 673 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Northrop Grumman by 12.2% in the first quarter. Goldman Sachs Group Inc. now owns 792,707 shares of the aerospace company’s stock worth $405,874,000 after buying an additional 86,215 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Northrop Grumman by 1,989.8% during the first quarter. Jones Financial Companies Lllp now owns 125,867 shares of the aerospace company’s stock valued at $64,445,000 after buying an additional 119,844 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its position in Northrop Grumman by 29.4% during the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 1,848 shares of the aerospace company’s stock valued at $924,000 after buying an additional 420 shares during the period. Finally, Ally Financial Inc. raised its position in Northrop Grumman by 50.0% during the first quarter. Ally Financial Inc. now owns 3,000 shares of the aerospace company’s stock valued at $1,536,000 after buying an additional 1,000 shares during the period. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Price Performance

NYSE NOC opened at $558.63 on Thursday. 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 capitalization of $79.73 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 5.07 and a beta of 0.07. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $640.90. The company has a 50 day moving average price of $591.09 and a two-hundred day moving average price of $547.02.

Northrop Grumman (NYSE:NOC) last announced its quarterly 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 for the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the prior year, the business posted $7.00 EPS. Northrop Grumman’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. As a group, equities analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

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

Wall Street Analyst Weigh In

NOC has been the subject of a number of research reports. Sanford C. Bernstein set a $696.00 price objective on Northrop Grumman in a research report on Thursday, October 23rd. Morgan Stanley increased their price target on shares of Northrop Grumman from $625.00 to $720.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. UBS Group raised their price target on shares of Northrop Grumman to $770.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Susquehanna upped their price objective on shares of Northrop Grumman from $650.00 to $690.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Finally, BTIG Research increased their target price 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. One research 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $642.73.

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.