Blair William & Co. IL Has $8.20 Million Stock Holdings in Northrop Grumman Corporation $NOC

Blair William & Co. IL trimmed its position in Northrop Grumman Corporation (NYSE:NOC) by 1.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,405 shares of the aerospace company’s stock after selling 266 shares during the quarter. Blair William & Co. IL’s holdings in Northrop Grumman were worth $8,202,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. IMA Advisory Services Inc. acquired a new stake in shares of Northrop Grumman during the 1st quarter worth $27,000. Saudi Central Bank acquired a new stake in Northrop Grumman in the first quarter valued at about $28,000. Banque Cantonale Vaudoise acquired a new stake in Northrop Grumman in the first quarter valued at about $30,000. Flaharty Asset Management LLC bought a new position in Northrop Grumman in the first quarter valued at about $36,000. Finally, Hollencrest Capital Management raised its position in Northrop Grumman by 790.0% in the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock valued at $45,000 after purchasing an additional 79 shares during the last quarter. 83.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NOC has been the subject of several research reports. Sanford C. Bernstein reiterated a “market perform” rating on shares of Northrop Grumman in a research report on Monday, July 14th. Robert W. Baird raised their target price on Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft set a $700.00 price objective on Northrop Grumman and gave the company a “buy” rating in a research note on Wednesday. Barclays raised their price objective on Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Finally, Susquehanna lifted their target price on Northrop Grumman from $557.00 to $650.00 and gave the company a “positive” rating in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $601.00.

Northrop Grumman Stock Down 1.8%

Shares of NYSE NOC opened at $623.51 on Friday. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $640.90. 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 business’s fifty day moving average price is $590.32 and its 200-day moving average price is $533.84. The stock has a market capitalization of $89.28 billion, a PE ratio of 22.98, a P/E/G ratio of 5.97 and a beta of 0.10.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, beating analysts’ consensus estimates of $6.84 by $0.27. The firm had revenue of $10.35 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, equities research analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

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