Stiles Financial Services Inc Reduces Stock Position in Northrop Grumman Corporation $NOC

Stiles Financial Services Inc cut its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 41.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 559 shares of the aerospace company’s stock after selling 391 shares during the quarter. Stiles Financial Services Inc’s holdings in Northrop Grumman were worth $280,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Capital Investment Advisors LLC increased its holdings in Northrop Grumman by 1.0% during the 2nd quarter. Capital Investment Advisors LLC now owns 2,049 shares of the aerospace company’s stock worth $1,025,000 after purchasing an additional 20 shares during the last quarter. Tyche Wealth Partners LLC increased its holdings in Northrop Grumman by 2.5% during the 2nd quarter. Tyche Wealth Partners LLC now owns 830 shares of the aerospace company’s stock worth $415,000 after purchasing an additional 20 shares during the last quarter. IAG Wealth Partners LLC increased its holdings in Northrop Grumman by 8.4% during the 1st quarter. IAG Wealth Partners LLC now owns 271 shares of the aerospace company’s stock worth $139,000 after purchasing an additional 21 shares during the last quarter. Integrated Investment Consultants LLC increased its holdings in Northrop Grumman by 3.9% during the 1st quarter. Integrated Investment Consultants LLC now owns 553 shares of the aerospace company’s stock worth $283,000 after purchasing an additional 21 shares during the last quarter. Finally, Ameriflex Group Inc. increased its holdings in Northrop Grumman by 3.6% during the 2nd quarter. Ameriflex Group Inc. now owns 611 shares of the aerospace company’s stock worth $301,000 after purchasing an additional 21 shares during the last quarter. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Northrop Grumman Price Performance

Shares of NOC opened at $623.51 on Friday. The company has a market cap of $89.27 billion, a P/E ratio of 22.98, a PEG ratio of 6.08 and a beta of 0.10. The stock has a fifty day moving average price of $590.32 and a 200 day moving average price of $533.65. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $640.90.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 25.52% and a net margin of 9.74%.The firm’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, research analysts forecast 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. Investors of record on Tuesday, September 2nd were paid a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio is presently 34.06%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NOC. Susquehanna boosted their price target on Northrop Grumman from $557.00 to $650.00 and gave the company a “positive” rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their price target on Northrop Grumman from $480.00 to $585.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Bank of America boosted their price target on Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft set a $700.00 price target on Northrop Grumman and gave the company a “buy” rating in a report on Wednesday. Finally, Wells Fargo & Company reiterated an “overweight” rating on shares of Northrop Grumman in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $601.00.

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.