Capital Investment Advisors LLC Raises Stake in Northrop Grumman Corporation $NOC

Capital Investment Advisors LLC lifted its position in Northrop Grumman Corporation (NYSE:NOC) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,049 shares of the aerospace company’s stock after purchasing an additional 20 shares during the period. Capital Investment Advisors LLC’s holdings in Northrop Grumman were worth $1,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Redhawk Wealth Advisors Inc. raised its holdings in Northrop Grumman by 3.0% in the first quarter. Redhawk Wealth Advisors Inc. now owns 644 shares of the aerospace company’s stock worth $330,000 after purchasing an additional 19 shares in the last quarter. Salvus Wealth Management LLC lifted its position in Northrop Grumman by 1.5% during the first quarter. Salvus Wealth Management LLC now owns 1,349 shares of the aerospace company’s stock valued at $691,000 after acquiring an additional 20 shares during the last quarter. IAG Wealth Partners LLC grew its holdings in Northrop Grumman by 8.4% in the first 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 position in shares of Northrop Grumman by 3.9% during the first quarter. Integrated Investment Consultants LLC now owns 553 shares of the aerospace company’s stock worth $283,000 after purchasing an additional 21 shares in the last quarter. Finally, Clearstead Trust LLC increased its position in shares of Northrop Grumman by 12.8% during the first quarter. Clearstead Trust LLC now owns 194 shares of the aerospace company’s stock worth $99,000 after purchasing an additional 22 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Price Performance

Shares of NYSE:NOC opened at $605.72 on Thursday. Northrop Grumman Corporation has a twelve month low of $426.24 and a twelve month high of $610.85. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The company has a market cap of $86.73 billion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 5.83 and a beta of 0.10. The company’s 50 day moving average is $583.57 and its 200 day moving average is $527.45.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, beating the consensus estimate of $6.84 by $0.27. The business had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.15 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period 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, sell-side analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $2.31 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.5%. Northrop Grumman’s dividend payout ratio (DPR) is presently 34.06%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NOC shares. JPMorgan Chase & Co. upped their target price on Northrop Grumman from $480.00 to $585.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Bank of America upped their price objective on shares of Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Wall Street Zen upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Sanford C. Bernstein reissued a “market perform” rating on shares of Northrop Grumman in a research report on Monday, July 14th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of Northrop Grumman in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $588.85.

Northrop Grumman 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.