Strategic Blueprint LLC Has $290,000 Holdings in Northrop Grumman Corporation $NOC

Strategic Blueprint LLC cut its position in Northrop Grumman Corporation (NYSE:NOC) by 27.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 579 shares of the aerospace company’s stock after selling 217 shares during the quarter. Strategic Blueprint LLC’s holdings in Northrop Grumman were worth $290,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Northrop Grumman by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 13,266,301 shares of the aerospace company’s stock worth $6,792,479,000 after purchasing an additional 588,520 shares during the last quarter. Wellington Management Group LLP boosted its position 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 valued at $2,631,390,000 after acquiring an additional 974,633 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Northrop Grumman by 10.4% during the 1st 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 in the last quarter. Invesco Ltd. boosted its position in shares of Northrop Grumman by 12.1% during the 1st 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 in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Northrop Grumman by 12.0% during the 1st quarter. Royal Bank of Canada now owns 1,115,625 shares of the aerospace company’s stock valued at $571,211,000 after acquiring an additional 119,693 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Trading Down 0.0%

Shares of NYSE NOC opened at $605.67 on Monday. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. The company has a market cap of $86.44 billion, a PE ratio of 21.79, a P/E/G ratio of 5.24 and a beta of 0.10. The company has a 50-day moving average of $594.41 and a two-hundred day moving average of $541.16. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $640.90.

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

Northrop Grumman Dividend Announcement

The firm also recently declared 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 dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman’s payout ratio is 33.24%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Sanford C. Bernstein set a $696.00 target price on shares of Northrop Grumman in a research report on Thursday. Barclays boosted their price target on shares of Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. BTIG Research boosted their price target on shares of Northrop Grumman from $630.00 to $680.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Wells Fargo & Company restated an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Finally, Morgan Stanley boosted their target price on shares of Northrop Grumman from $625.00 to $720.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $642.73.

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.