Simplicity Wealth LLC Makes New Investment in Northrop Grumman Corporation $NOC

Simplicity Wealth LLC acquired a new position in shares of Northrop Grumman Corporation (NYSE:NOC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,492 shares of the aerospace company’s stock, valued at approximately $746,000.

A number of other hedge funds have also recently added to or reduced their stakes in NOC. Brighton Jones LLC grew its holdings in Northrop Grumman by 176.3% during the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock worth $1,394,000 after acquiring an additional 1,895 shares during the last quarter. Bison Wealth LLC grew its holdings in Northrop Grumman by 5.3% during the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock worth $301,000 after acquiring an additional 32 shares during the last quarter. Miracle Mile Advisors LLC boosted its stake in shares of Northrop Grumman by 24.9% in the 1st quarter. Miracle Mile Advisors LLC now owns 708 shares of the aerospace company’s stock valued at $363,000 after purchasing an additional 141 shares during the last quarter. Capital Investment Advisors LLC boosted its stake in shares of Northrop Grumman by 2.9% in the 1st quarter. Capital Investment Advisors LLC now owns 2,029 shares of the aerospace company’s stock valued at $1,039,000 after purchasing an additional 57 shares during the last quarter. Finally, Daymark Wealth Partners LLC boosted its stake in shares of Northrop Grumman by 0.4% in the 1st quarter. Daymark Wealth Partners LLC now owns 6,418 shares of the aerospace company’s stock valued at $3,286,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

Shares of NYSE:NOC opened at $622.00 on Wednesday. The company has a market capitalization of $89.06 billion, a price-to-earnings ratio of 22.93, a P/E/G ratio of 5.92 and a beta of 0.10. The firm’s 50 day simple moving average is $587.11 and its 200 day simple moving average is $531.14. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $627.81.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Northrop Grumman’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the company posted $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. As a group, sell-side analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on NOC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Northrop Grumman in a research note on Saturday, September 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $542.00 target price (down previously from $580.00) on shares of Northrop Grumman in a research note on Tuesday, July 8th. Robert W. Baird raised their target price on shares of Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Northrop Grumman in a research note on Monday, July 14th. Finally, Susquehanna raised their target price on shares of Northrop Grumman from $557.00 to $650.00 and gave the company a “positive” rating in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Northrop Grumman currently has an average rating of “Moderate Buy” and an average price target of $588.85.

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.