Stephens Consulting LLC Has $166,000 Stock Holdings in Northrop Grumman Corporation $NOC

Stephens Consulting LLC boosted its stake in Northrop Grumman Corporation (NYSE:NOC) by 11.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 333 shares of the aerospace company’s stock after purchasing an additional 33 shares during the quarter. Stephens Consulting LLC’s holdings in Northrop Grumman were worth $166,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Capital Investment Advisors LLC increased its stake in shares of Northrop Grumman by 1.0% in the second quarter. Capital Investment Advisors LLC now owns 2,049 shares of the aerospace company’s stock worth $1,025,000 after purchasing an additional 20 shares in the last quarter. Tyche Wealth Partners LLC increased its stake in shares of Northrop Grumman by 2.5% in the second quarter. Tyche Wealth Partners LLC now owns 830 shares of the aerospace company’s stock worth $415,000 after purchasing an additional 20 shares in the last quarter. Integrated Investment Consultants LLC increased its stake in shares of Northrop Grumman by 3.9% in the first quarter. Integrated Investment Consultants LLC now owns 553 shares of the aerospace company’s stock worth $283,000 after purchasing an additional 21 shares in the last quarter. Ameriflex Group Inc. increased its stake in shares of Northrop Grumman by 3.6% in the second quarter. Ameriflex Group Inc. now owns 611 shares of the aerospace company’s stock worth $301,000 after purchasing an additional 21 shares in the last quarter. Finally, Clearstead Trust LLC increased its stake in shares of Northrop Grumman by 12.8% in the first quarter. Clearstead Trust LLC now owns 194 shares of the aerospace company’s stock worth $99,000 after purchasing an additional 22 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NOC. Wall Street Zen upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Northrop Grumman in a research note on Monday, July 14th. Truist Financial reaffirmed a “buy” rating and set a $625.00 price objective (up previously from $550.00) on shares of Northrop Grumman in a research note on Wednesday, July 23rd. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Northrop Grumman in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $601.00.

Northrop Grumman Trading Down 1.8%

Shares of Northrop Grumman stock opened at $623.51 on Monday. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $640.90. The firm has a market cap of $89.27 billion, a PE ratio of 22.98, a PEG ratio of 6.06 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 company has a 50 day simple moving average of $590.32 and a two-hundred day simple moving average of $533.98.

Northrop Grumman (NYSE:NOC) last announced its 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. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The business had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same period in the previous year, the business posted $6.36 earnings per share. Northrop Grumman’s revenue for the quarter was up 1.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

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

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.