Northrop Grumman Corporation $NOC Holdings Cut by Atalanta Sosnoff Capital LLC

Atalanta Sosnoff Capital LLC decreased its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 45.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,923 shares of the aerospace company’s stock after selling 8,334 shares during the period. Atalanta Sosnoff Capital LLC’s holdings in Northrop Grumman were worth $4,961,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NOC. Saudi Central Bank acquired a new stake in Northrop Grumman in the 1st quarter worth approximately $28,000. Banque Cantonale Vaudoise acquired a new position in Northrop Grumman during the first quarter valued at approximately $30,000. NewSquare Capital LLC raised its position in shares of Northrop Grumman by 75.0% in the second quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 27 shares during the period. Flaharty Asset Management LLC acquired a new stake in shares of Northrop Grumman in the first quarter worth $36,000. Finally, AlphaQuest LLC boosted its holdings in shares of Northrop Grumman by 29.2% during the 2nd quarter. AlphaQuest LLC now owns 93 shares of the aerospace company’s stock worth $46,000 after buying an additional 21 shares during the period. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

Shares of NYSE:NOC opened at $567.08 on Monday. The business has a fifty day moving average of $589.00 and a 200-day moving average of $551.20. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 1.11. Northrop Grumman Corporation has a twelve month low of $426.24 and a twelve month high of $640.90. The firm 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.

Northrop Grumman (NYSE:NOC) last released its 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. The company had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.68 billion. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.00 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, equities research analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

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 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 is Monday, December 1st. Northrop Grumman’s dividend payout ratio is presently 33.24%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Barclays raised their price objective on shares of Northrop Grumman from $500.00 to $580.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Susquehanna increased their price target on shares of Northrop Grumman from $650.00 to $690.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Truist Financial raised their price target on shares of Northrop Grumman from $625.00 to $688.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Wall Street Zen upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Finally, Deutsche Bank Aktiengesellschaft set a $700.00 price objective on shares of Northrop Grumman and gave the company a “buy” rating in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $646.94.

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.