Northrop Grumman Corporation $NOC Shares Sold by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. trimmed its holdings in Northrop Grumman Corporation (NYSE:NOC) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 905 shares of the aerospace company’s stock after selling 25 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Northrop Grumman were worth $452,000 as of its most recent filing with the Securities and Exchange Commission.

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

Northrop Grumman Trading Down 1.8%

NYSE NOC opened at $623.51 on Friday. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $640.90. The company’s 50 day moving average price is $590.32 and its 200 day moving average price is $533.65. 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 $89.27 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 6.08 and a beta of 0.10.

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. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same quarter last year, the firm posted $6.36 earnings per share. Northrop Grumman’s revenue for the quarter was up 1.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, sell-side analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current 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 issued 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 presently 34.06%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $700.00 target price on shares of Northrop Grumman and gave the company a “buy” rating in a report on Wednesday. Royal Bank Of Canada upped their target price on shares of Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Wall Street Zen upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Robert W. Baird upped their target price on shares of Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Finally, Susquehanna upped their target price on shares of Northrop Grumman from $557.00 to $650.00 and gave the company a “positive” rating in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $601.00.

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.