Capital Analysts LLC Raises Stock Holdings in Northrop Grumman Corporation $NOC

Capital Analysts LLC boosted its holdings in Northrop Grumman Corporation (NYSE:NOC) by 9.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,803 shares of the aerospace company’s stock after purchasing an additional 411 shares during the period. Capital Analysts LLC’s holdings in Northrop Grumman were worth $2,459,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IMA Advisory Services Inc. purchased a new position in Northrop Grumman in the first quarter valued at about $27,000. Banque Cantonale Vaudoise purchased a new position in Northrop Grumman in the first quarter valued at about $30,000. Wood Tarver Financial Group LLC purchased a new position in Northrop Grumman in the fourth quarter valued at about $32,000. Bellwether Advisors LLC purchased a new position in Northrop Grumman in the fourth quarter valued at about $33,000. Finally, Hollencrest Capital Management lifted its holdings in Northrop Grumman by 790.0% during the 1st quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock worth $45,000 after buying an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Insiders Place Their Bets

In related news, VP Thomas H. Jones sold 729 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $505.77, for a total value of $368,706.33. Following the sale, the vice president directly owned 7,552 shares in the company, valued at $3,819,575.04. This trade represents a 8.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert J. Fleming sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $505.77, for a total value of $1,770,195.00. Following the completion of the sale, the vice president owned 1,827 shares in the company, valued at approximately $924,041.79. This represents a 65.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,536 shares of company stock valued at $8,306,857 in the last quarter. 0.23% of the stock is owned by insiders.

Northrop Grumman Trading Up 1.1%

Shares of NYSE NOC opened at $592.7550 on Thursday. The company has a market cap of $84.87 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 5.61 and a beta of 0.15. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $595.32. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The stock’s 50 day simple moving average is $537.97 and its 200 day simple moving average is $502.95.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.84 by $0.27. The business had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.15 billion. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Equities research 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 will be paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd will be given a $2.31 dividend. This represents a $9.24 annualized dividend and a yield of 1.6%. Northrop Grumman’s dividend payout ratio is currently 34.06%.

Analyst Upgrades and Downgrades

NOC has been the subject of several research reports. Susquehanna lifted their target price on Northrop Grumman from $557.00 to $650.00 and gave the stock a “positive” rating in a research report on Tuesday, July 22nd. Truist Financial reiterated a “buy” rating and issued a $625.00 target price (up previously from $550.00) on shares of Northrop Grumman in a research report on Wednesday, July 23rd. Bank of America lifted their target price on Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Wells Fargo & Company reiterated an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. lifted their target price on Northrop Grumman from $480.00 to $585.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Northrop Grumman presently has a consensus rating of “Moderate Buy” and a consensus price target of $586.79.

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.