PDS Planning Inc Increases Stake in Northrop Grumman Corporation $NOC

PDS Planning Inc increased its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 869 shares of the aerospace company’s stock after buying an additional 31 shares during the period. PDS Planning Inc’s holdings in Northrop Grumman were worth $434,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NOC. IMA Advisory Services Inc. purchased a new position in Northrop Grumman in the first quarter valued at about $27,000. Saudi Central Bank purchased a new position in Northrop Grumman in the first quarter valued at about $28,000. Banque Cantonale Vaudoise purchased a new position in Northrop Grumman in the first quarter valued at about $30,000. Flaharty Asset Management LLC purchased a new position in Northrop Grumman in the first quarter valued at about $36,000. Finally, Hollencrest Capital Management grew its stake in Northrop Grumman by 790.0% in the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock valued at $45,000 after purchasing an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. lifted their target price on Northrop Grumman from $480.00 to $585.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Wells Fargo & Company reissued an “overweight” rating on shares of Northrop Grumman in a report on Tuesday, July 22nd. Wall Street Zen raised Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Barclays raised their price target on Northrop Grumman from $500.00 to $580.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Finally, Robert W. Baird raised their price target on Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $601.00.

Northrop Grumman Price Performance

Shares of NYSE NOC opened at $623.51 on Friday. The business’s 50 day moving average price is $590.32 and its 200 day moving average price is $533.84. The firm has a market cap of $89.28 billion, a P/E ratio of 22.98, a P/E/G ratio of 5.97 and a beta of 0.10. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $640.90. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, beating analysts’ consensus estimates of $6.84 by $0.27. The firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.15 billion. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.Northrop Grumman’s revenue for the quarter was up 1.3% on a year-over-year basis. 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. On average, sell-side analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 1.5%. Northrop Grumman’s dividend payout ratio is currently 34.06%.

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.