Northrop Grumman Corporation $NOC Shares Sold by PBMares Wealth Management LLC

PBMares Wealth Management LLC lowered its holdings in Northrop Grumman Corporation (NYSE:NOC) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,372 shares of the aerospace company’s stock after selling 47 shares during the period. PBMares Wealth Management LLC’s holdings in Northrop Grumman were worth $2,186,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. IMA Advisory Services Inc. acquired a new stake in Northrop Grumman during the 1st quarter valued at $27,000. Saudi Central Bank acquired a new stake in Northrop Grumman during the 1st quarter valued at $28,000. Banque Cantonale Vaudoise acquired a new stake in Northrop Grumman during the 1st quarter valued at $30,000. Flaharty Asset Management LLC acquired a new stake in Northrop Grumman during the 1st quarter valued at $36,000. Finally, Hollencrest Capital Management grew its holdings in Northrop Grumman by 790.0% during the 1st quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock valued at $45,000 after purchasing an additional 79 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

NOC has been the subject of a number of recent analyst reports. Truist Financial reaffirmed a “buy” rating and set a $625.00 price target (up from $550.00) on shares of Northrop Grumman in a report on Wednesday, July 23rd. Susquehanna raised their price objective on shares of Northrop Grumman from $557.00 to $650.00 and gave the stock a “positive” rating in a report on Tuesday, July 22nd. Bank of America raised their price objective on shares of Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Robert W. Baird raised 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 reissued a “hold” rating and set a $542.00 price objective (down from $580.00) on shares of Northrop Grumman in a report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $588.85.

Northrop Grumman Trading Up 2.6%

NYSE NOC opened at $609.53 on Wednesday. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $610.12. The company has a 50-day simple moving average of $582.80 and a 200-day simple moving average of $526.91. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The firm has a market capitalization of $87.27 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 5.69 and a beta of 0.13.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $10.15 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, equities analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

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

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.