Vontobel Holding Ltd. Has $1.22 Million Stock Holdings in Northrop Grumman Corporation $NOC

Vontobel Holding Ltd. grew its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 45.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,445 shares of the aerospace company’s stock after purchasing an additional 769 shares during the quarter. Vontobel Holding Ltd.’s holdings in Northrop Grumman were worth $1,222,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. IMA Advisory Services Inc. acquired a new stake in shares of Northrop Grumman during the first quarter valued at about $27,000. Saudi Central Bank acquired a new stake in shares of Northrop Grumman during the first quarter valued at about $28,000. Banque Cantonale Vaudoise acquired a new stake in shares of Northrop Grumman during the first quarter valued at about $30,000. Flaharty Asset Management LLC acquired a new stake in shares of Northrop Grumman during the first quarter valued at about $36,000. Finally, Hollencrest Capital Management boosted its stake in shares of Northrop Grumman by 790.0% during 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 in the last quarter. 83.40% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Price Performance

Shares of NOC opened at $623.51 on Monday. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $640.90. 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 business’s 50 day moving average price is $590.32 and its two-hundred day moving average price is $533.98. The firm has a market cap of $89.27 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 6.06 and a beta of 0.10.

Northrop Grumman (NYSE:NOC) last issued 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. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same period in the previous year, the firm earned $6.36 earnings per share. The company’s revenue 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, equities analysts anticipate 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. Shareholders of record on Tuesday, September 2nd were paid a $2.31 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $9.24 annualized dividend and a yield of 1.5%. Northrop Grumman’s payout ratio is 34.06%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft set a $700.00 price target on Northrop Grumman and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price objective on Northrop Grumman from $480.00 to $585.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Truist Financial reaffirmed a “buy” rating and issued a $625.00 price objective (up from $550.00) on shares of Northrop Grumman in a research note on Wednesday, July 23rd. Robert W. Baird lifted their price objective on Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Susquehanna lifted their price objective on Northrop Grumman from $557.00 to $650.00 and gave the stock a “positive” rating in a research note on Tuesday, July 22nd. 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.