Fielder Capital Group LLC Trims Position in Northrop Grumman Corporation $NOC

Fielder Capital Group LLC decreased its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 2.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 837 shares of the aerospace company’s stock after selling 18 shares during the period. Fielder Capital Group LLC’s holdings in Northrop Grumman were worth $418,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Brookstone Capital Management lifted its stake in shares of Northrop Grumman by 121.0% during the first quarter. Brookstone Capital Management now owns 6,640 shares of the aerospace company’s stock valued at $3,400,000 after buying an additional 3,635 shares during the period. First United Bank & Trust increased its position in Northrop Grumman by 641.0% during the second quarter. First United Bank & Trust now owns 778 shares of the aerospace company’s stock worth $389,000 after purchasing an additional 673 shares during the last quarter. Fortem Financial Group LLC increased its position in Northrop Grumman by 118.2% during the first quarter. Fortem Financial Group LLC now owns 1,104 shares of the aerospace company’s stock worth $565,000 after purchasing an additional 598 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Northrop Grumman by 12.2% during the first quarter. Goldman Sachs Group Inc. now owns 792,707 shares of the aerospace company’s stock worth $405,874,000 after purchasing an additional 86,215 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in Northrop Grumman by 1,989.8% during the first quarter. Jones Financial Companies Lllp now owns 125,867 shares of the aerospace company’s stock worth $64,445,000 after purchasing an additional 119,844 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 recently commented on the stock. Morgan Stanley upped their price target on shares of Northrop Grumman from $625.00 to $720.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Truist Financial upped their price target on shares of Northrop Grumman from $625.00 to $688.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Susquehanna upped their price target on shares of Northrop Grumman from $650.00 to $690.00 and gave the stock a “positive” rating in a research report on Wednesday. Bank of America upped their price target on shares of Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada upped their price target on shares of Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Northrop Grumman currently has a consensus rating of “Moderate Buy” and a consensus price target of $642.73.

Northrop Grumman Price Performance

Northrop Grumman stock opened at $605.67 on Friday. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $640.90. The firm has a fifty day moving average of $594.41 and a 200-day moving average of $540.62. The firm has a market capitalization of $86.44 billion, a P/E ratio of 21.79, a PEG ratio of 5.02 and a beta of 0.10. The company has a quick ratio of 0.93, a current ratio of 1.11 and a debt-to-equity ratio of 0.95.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.43 by $1.24. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The company had revenue of $10.42 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the prior year, the business earned $7.00 earnings per share. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were paid a $2.31 dividend. The ex-dividend date 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 33.24%.

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.