Northrop Grumman Corporation $NOC Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC cut its stake in Northrop Grumman Corporation (NYSE:NOC) by 94.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,438 shares of the aerospace company’s stock after selling 41,944 shares during the period. Great Lakes Advisors LLC’s holdings in Northrop Grumman were worth $1,245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of NOC. IMA Advisory Services Inc. acquired a new stake in Northrop Grumman in the 1st quarter worth approximately $27,000. Saudi Central Bank acquired a new stake in Northrop Grumman during the 1st quarter valued at approximately $28,000. Banque Cantonale Vaudoise acquired a new stake in Northrop Grumman during the 1st quarter valued at approximately $30,000. Wood Tarver Financial Group LLC acquired a new stake in Northrop Grumman during the 4th quarter valued at approximately $32,000. Finally, Hollencrest Capital Management lifted its stake in Northrop Grumman by 790.0% during the 1st quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock valued at $45,000 after acquiring an additional 79 shares during the period. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NOC has been the subject of several research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $542.00 price objective (down from $580.00) on shares of Northrop Grumman in a research note on Tuesday, July 8th. Truist Financial restated a “buy” rating and set a $625.00 price objective (up from $550.00) on shares of Northrop Grumman in a research note on Wednesday, July 23rd. Wells Fargo & Company restated an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. Wall Street Zen upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Northrop Grumman in a research note on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $588.85.

Northrop Grumman Price Performance

NYSE:NOC opened at $582.30 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The firm has a market cap of $83.38 billion, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 5.55 and a beta of 0.13. The company has a 50 day moving average price of $565.98 and a 200-day moving average price of $516.94. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $600.99.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share for the quarter, beating the consensus estimate of $6.84 by $0.27. The firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.15 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Equities research analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd will be issued 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 Tuesday, September 2nd. Northrop Grumman’s payout ratio is presently 34.06%.

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.