Northrop Grumman Corporation $NOC Shares Sold by Prostatis Group LLC

Prostatis Group LLC trimmed its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 14.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,971 shares of the aerospace company’s stock after selling 329 shares during the quarter. Prostatis Group LLC’s holdings in Northrop Grumman were worth $985,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Northrop Grumman by 176.3% during the fourth quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock worth $1,394,000 after buying an additional 1,895 shares in the last quarter. Bison Wealth LLC boosted its holdings in Northrop Grumman by 5.3% during the fourth quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock worth $301,000 after buying an additional 32 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in Northrop Grumman by 2.8% during the first quarter. Wealthcare Advisory Partners LLC now owns 1,319 shares of the aerospace company’s stock worth $675,000 after buying an additional 36 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Northrop Grumman by 8.6% during the first quarter. GAMMA Investing LLC now owns 2,969 shares of the aerospace company’s stock worth $1,520,000 after buying an additional 236 shares in the last quarter. Finally, CX Institutional boosted its holdings in Northrop Grumman by 25.1% during the first quarter. CX Institutional now owns 987 shares of the aerospace company’s stock worth $505,000 after buying an additional 198 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Stock Down 1.8%

Shares of NYSE NOC opened at $623.51 on Friday. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $640.90. The company has a market capitalization of $89.28 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 5.97 and a beta of 0.10. 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 50-day moving average is $590.32 and its two-hundred day moving average is $533.84.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.84 by $0.27. The company 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 company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.36 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Equities analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal 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 paid a dividend of $2.31 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $9.24 annualized dividend and a dividend yield of 1.5%. Northrop Grumman’s dividend payout ratio is presently 34.06%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NOC. Deutsche Bank Aktiengesellschaft set a $700.00 price objective on shares of Northrop Grumman and gave the stock a “buy” rating in a report on Wednesday. Susquehanna boosted 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. Barclays boosted their price objective on shares of Northrop Grumman from $500.00 to $580.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Royal Bank Of Canada upped their price target 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. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Northrop Grumman in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock 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.