Northrop Grumman Corporation $NOC Shares Sold by SYM FINANCIAL Corp

SYM FINANCIAL Corp decreased its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 12.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 583 shares of the aerospace company’s stock after selling 82 shares during the quarter. SYM FINANCIAL Corp’s holdings in Northrop Grumman were worth $292,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC increased its stake in shares of 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 during the period. Bison Wealth LLC grew its stake in shares of 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 purchasing an additional 32 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Northrop Grumman by 1.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,976 shares of the aerospace company’s stock worth $1,524,000 after acquiring an additional 36 shares in the last quarter. Transcend Capital Advisors LLC lifted its stake in Northrop Grumman by 4.2% during the first quarter. Transcend Capital Advisors LLC now owns 672 shares of the aerospace company’s stock worth $344,000 after purchasing an additional 27 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Northrop Grumman by 9.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,850 shares of the aerospace company’s stock valued at $9,143,000 after purchasing an additional 1,549 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NOC. UBS Group boosted their price objective on shares of Northrop Grumman to $770.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Susquehanna boosted their price target on shares of Northrop Grumman from $650.00 to $690.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada raised their price objective on Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Bank of America boosted their target price on Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, Morgan Stanley upped their target price on Northrop Grumman from $625.00 to $720.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $642.73.

Northrop Grumman Trading Down 1.6%

Shares of NOC stock opened at $596.17 on Tuesday. The firm has a 50-day moving average price of $594.64 and a 200 day moving average price of $541.74. Northrop Grumman Corporation has a twelve month low of $426.24 and a twelve month high of $640.90. The company has a market capitalization of $85.09 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 5.24 and a beta of 0.10. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share for the quarter, beating 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 firm had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter in the previous year, the company posted $7.00 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Research analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors 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 presently 33.24%.

Northrop Grumman Company 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.