Bahl & Gaynor Inc. Has $50.33 Million Position in Northrop Grumman Corporation $NOC

Bahl & Gaynor Inc. trimmed its holdings in Northrop Grumman Corporation (NYSE:NOC) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,665 shares of the aerospace company’s stock after selling 6,325 shares during the quarter. Bahl & Gaynor Inc. owned about 0.07% of Northrop Grumman worth $50,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. IMA Advisory Services Inc. acquired a new position in Northrop Grumman in the first quarter valued at approximately $27,000. Saudi Central Bank bought a new stake in shares of Northrop Grumman in the 1st quarter valued at $28,000. Banque Cantonale Vaudoise acquired a new position in shares of Northrop Grumman during the 1st quarter valued at $30,000. NewSquare Capital LLC boosted its stake 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 acquiring an additional 27 shares in the last quarter. Finally, Flaharty Asset Management LLC acquired a new stake in Northrop Grumman in the first quarter worth $36,000. Institutional investors own 83.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NOC. Wall Street Zen upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Barclays upped their price target 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. Sanford C. Bernstein set a $696.00 price objective on Northrop Grumman in a research note on Thursday, October 23rd. UBS Group boosted their price objective on Northrop Grumman to $770.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Northrop Grumman in a research report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $646.94.

Northrop Grumman Price Performance

Shares of NYSE:NOC opened at $567.08 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. The stock has a market cap of $80.93 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 5.07 and a beta of 0.07. The stock’s fifty day simple moving average is $589.00 and its two-hundred day simple moving average is $550.31. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $640.90.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, beating 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 the consensus estimate of $10.68 billion. During the same quarter in the prior year, the company posted $7.00 earnings per share. The firm’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. As a group, analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Monday, December 1st will be given a dividend of $2.31 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $9.24 annualized dividend and a dividend yield of 1.6%. Northrop Grumman’s dividend payout ratio (DPR) is currently 33.24%.

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.