WBH Advisory Inc. Sells 120 Shares of Northrop Grumman Corporation $NOC

WBH Advisory Inc. trimmed its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 5.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,947 shares of the aerospace company’s stock after selling 120 shares during the quarter. WBH Advisory Inc.’s holdings in Northrop Grumman were worth $974,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. IMA Advisory Services Inc. bought a new stake in Northrop Grumman during the first quarter worth about $27,000. Saudi Central Bank bought a new stake in Northrop Grumman during the first quarter worth about $28,000. Banque Cantonale Vaudoise bought a new stake in Northrop Grumman during the first quarter worth about $30,000. Flaharty Asset Management LLC bought a new stake in Northrop Grumman during the first quarter worth about $36,000. Finally, Hollencrest Capital Management grew its stake in Northrop Grumman by 790.0% during the first 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. 83.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on NOC shares. Royal Bank Of Canada upped their price objective on shares of Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Truist Financial increased their price target on shares of Northrop Grumman from $625.00 to $688.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Sanford C. Bernstein increased their price target on shares of Northrop Grumman from $630.00 to $674.00 and gave the company a “market perform” rating in a research note on Monday. JPMorgan Chase & Co. increased their price target on shares of Northrop Grumman from $480.00 to $585.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company reissued an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. One investment 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, the company has an average rating of “Moderate Buy” and an average price target of $617.50.

Northrop Grumman Trading Up 1.2%

Shares of NYSE NOC opened at $601.92 on Tuesday. The company’s 50 day simple moving average is $592.91 and its 200 day simple moving average is $538.16. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $640.90. The firm has a market capitalization of $86.18 billion, a P/E ratio of 22.19, a P/E/G ratio of 5.78 and a beta of 0.10. 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 (NYSE:NOC) last announced its quarterly earnings data 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. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The business had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same period in the prior year, the business posted $6.36 earnings per share. Northrop Grumman’s revenue was up 1.3% compared to the same quarter last year. On average, analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were issued a $2.31 dividend. This represents a $9.24 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio is currently 34.06%.

About Northrop Grumman

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.