Moloney Securities Asset Management LLC Sells 49 Shares of Northrop Grumman Corporation $NOC

Moloney Securities Asset Management LLC lowered its stake in Northrop Grumman Corporation (NYSE:NOC) by 3.1% during the second quarter, Holdings Channel reports. The firm owned 1,521 shares of the aerospace company’s stock after selling 49 shares during the period. Moloney Securities Asset Management LLC’s holdings in Northrop Grumman were worth $761,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Northrop Grumman by 4.6% in the first quarter. Vanguard Group Inc. now owns 13,266,301 shares of the aerospace company’s stock valued at $6,792,479,000 after acquiring an additional 588,520 shares during the last quarter. Wellington Management Group LLP grew its position in Northrop Grumman by 23.4% in the first quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company’s stock valued at $2,631,390,000 after acquiring an additional 974,633 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Northrop Grumman by 10.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,241,144 shares of the aerospace company’s stock valued at $1,147,489,000 after acquiring an additional 210,500 shares during the last quarter. Invesco Ltd. grew its position in Northrop Grumman by 12.1% in the first quarter. Invesco Ltd. now owns 1,944,186 shares of the aerospace company’s stock valued at $995,443,000 after acquiring an additional 210,506 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Northrop Grumman by 12.0% during the first quarter. Royal Bank of Canada now owns 1,115,625 shares of the aerospace company’s stock worth $571,211,000 after purchasing an additional 119,693 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Price Performance

Shares of NOC opened at $605.67 on Friday. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $640.90. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.93 and a current ratio of 1.11. The business’s 50 day moving average price is $594.41 and its two-hundred day moving average price is $540.62. The firm has a market cap of $86.44 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 5.02 and a beta of 0.10.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.43 by $1.24. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The firm had revenue of $10.42 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same period in the previous year, the firm earned $7.00 earnings per share. The company’s revenue was up 4.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, equities analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were given a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio is presently 33.24%.

Analysts Set New Price Targets

Several research firms have recently weighed in on NOC. Sanford C. Bernstein set a $696.00 price target on Northrop Grumman in a report on Thursday. Robert W. Baird boosted their price target on Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada boosted their price target on Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. lifted their price objective on Northrop Grumman from $575.00 to $640.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, BTIG Research upped their target price on Northrop Grumman from $630.00 to $680.00 and gave the company a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $642.73.

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.