Northrop Grumman Corporation $NOC Shares Purchased by James Hambro & Partners LLP

James Hambro & Partners LLP lifted its holdings in Northrop Grumman Corporation (NYSE:NOC) by 9.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,117 shares of the aerospace company’s stock after acquiring an additional 100 shares during the period. James Hambro & Partners LLP’s holdings in Northrop Grumman were worth $559,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NOC. IMA Advisory Services Inc. acquired a new stake in Northrop Grumman in the first quarter worth $27,000. Saudi Central Bank purchased a new stake in shares of Northrop Grumman during the first quarter valued at $28,000. Banque Cantonale Vaudoise acquired a new stake in Northrop Grumman during the 1st quarter worth about $30,000. Flaharty Asset Management LLC purchased a new stake in shares of Northrop Grumman in the 1st quarter valued at approximately $36,000. Finally, Hollencrest Capital Management raised its position in Northrop Grumman by 790.0% during the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock valued at $45,000 after buying an additional 79 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Stock Up 1.5%

NOC opened at $594.50 on Friday. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $600.99. The company has a market capitalization of $85.12 billion, a P/E ratio of 21.91, a P/E/G ratio of 5.69 and a beta of 0.13. 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 firm’s fifty day moving average price is $580.34 and its two-hundred day moving average price is $525.34.

Northrop Grumman (NYSE:NOC) last issued its earnings results 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 previous year, the business earned $6.36 EPS. The firm’s revenue was up 1.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were issued a $2.31 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.6%. Northrop Grumman’s dividend payout ratio is presently 34.06%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NOC shares. Barclays lifted their price target on Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Bank of America increased their price target on shares of Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein reissued a “market perform” rating on shares of Northrop Grumman in a report on Monday, July 14th. Robert W. Baird upped their price objective on shares of Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $542.00 price target (down from $580.00) on shares of Northrop Grumman in a report on Tuesday, July 8th. One equities research 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.