Institute for Wealth Management LLC. Has $205,000 Holdings in Northrop Grumman Corporation $NOC

Institute for Wealth Management LLC. cut its stake in Northrop Grumman Corporation (NYSE:NOC) by 4.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 411 shares of the aerospace company’s stock after selling 20 shares during the period. Institute for Wealth Management LLC.’s holdings in Northrop Grumman were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of NOC. Wellington Management Group LLP boosted its stake in shares of Northrop Grumman by 23.4% during the 1st quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company’s stock worth $2,631,390,000 after buying an additional 974,633 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Northrop Grumman by 1,425.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,001,198 shares of the aerospace company’s stock worth $512,624,000 after buying an additional 935,554 shares during the last quarter. Nuveen LLC acquired a new position in shares of Northrop Grumman during the 1st quarter worth about $369,205,000. Vanguard Group Inc. boosted its stake in shares of Northrop Grumman by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 13,266,301 shares of the aerospace company’s stock worth $6,792,479,000 after buying an additional 588,520 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Northrop Grumman by 98.8% during the 1st quarter. AQR Capital Management LLC now owns 899,114 shares of the aerospace company’s stock worth $460,355,000 after buying an additional 446,940 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Trading Down 0.1%

Shares of NOC stock opened at $604.89 on Friday. The firm has a 50 day moving average price of $584.29 and a two-hundred day moving average price of $528.24. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $86.61 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 5.80 and a beta of 0.10. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $610.85.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data 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 firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.15 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $6.36 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. As a group, analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were given a dividend of $2.31 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $9.24 annualized dividend and a yield of 1.5%. Northrop Grumman’s dividend payout ratio (DPR) is 34.06%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Northrop Grumman from $480.00 to $585.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein restated a “market perform” rating on shares of Northrop Grumman in a research note on Monday, July 14th. 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. Wells Fargo & Company reiterated an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. Finally, Bank of America raised their target price on shares of Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $588.85.

Northrop Grumman 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.