Wealthfront Advisers LLC Has $7.76 Million Stake in Northrop Grumman Corporation $NOC

Wealthfront Advisers LLC lowered its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 1.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,517 shares of the aerospace company’s stock after selling 175 shares during the period. Wealthfront Advisers LLC’s holdings in Northrop Grumman were worth $7,758,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. IMA Advisory Services Inc. bought a new position in Northrop Grumman during the 1st quarter worth approximately $27,000. Saudi Central Bank bought a new stake in Northrop Grumman in the first quarter valued at approximately $28,000. Banque Cantonale Vaudoise acquired a new stake in Northrop Grumman in the first quarter worth $30,000. Flaharty Asset Management LLC bought a new position in shares of Northrop Grumman during the first quarter worth $36,000. Finally, Hollencrest Capital Management grew its holdings in shares of Northrop Grumman by 790.0% in the 1st quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock valued at $45,000 after buying an additional 79 shares during the period. 83.40% of the stock is owned by institutional investors.

Northrop Grumman Trading Down 1.6%

NYSE NOC opened at $596.17 on Tuesday. 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 0.95, a quick ratio of 0.98 and a current ratio of 1.11. The stock’s 50 day moving average price is $594.64 and its two-hundred day moving average price is $541.74. The stock 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.

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

Northrop Grumman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio is currently 33.24%.

Analyst Upgrades and Downgrades

Several analysts recently commented on NOC shares. Bank of America raised their price objective on Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft set a $700.00 price target on Northrop Grumman and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Robert W. Baird boosted their price objective on Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada increased their target price on Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Finally, UBS Group lifted their price target on shares of Northrop Grumman to $770.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $642.73.

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.