Homestead Advisers Corp Increases Stock Holdings in Northrop Grumman Corporation $NOC

Homestead Advisers Corp boosted its stake in Northrop Grumman Corporation (NYSE:NOC) by 0.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 185,072 shares of the aerospace company’s stock after buying an additional 400 shares during the quarter. Northrop Grumman makes up 2.2% of Homestead Advisers Corp’s investment portfolio, making the stock its 16th largest holding. Homestead Advisers Corp owned 0.13% of Northrop Grumman worth $92,532,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Northrop Grumman by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 13,266,301 shares of the aerospace company’s stock worth $6,792,479,000 after acquiring an additional 588,520 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Northrop Grumman by 23.4% during the first quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company’s stock worth $2,631,390,000 after purchasing an additional 974,633 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Northrop Grumman by 10.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,241,144 shares of the aerospace company’s stock worth $1,147,489,000 after purchasing an additional 210,500 shares in the last quarter. Invesco Ltd. increased its stake in Northrop Grumman by 12.1% in the 1st quarter. Invesco Ltd. now owns 1,944,186 shares of the aerospace company’s stock valued at $995,443,000 after buying an additional 210,506 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in Northrop Grumman by 12.0% in the 1st quarter. Royal Bank of Canada now owns 1,115,625 shares of the aerospace company’s stock valued at $571,211,000 after buying an additional 119,693 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Barclays boosted their target price on Northrop Grumman from $500.00 to $580.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. BTIG Research boosted their price objective on Northrop Grumman from $630.00 to $680.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Robert W. Baird upped their price objective on Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada lifted 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, Susquehanna boosted their price target on shares of Northrop Grumman from $650.00 to $690.00 and gave the stock a “positive” rating in a report on Wednesday, October 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $642.73.

Northrop Grumman Stock Up 0.3%

Shares of NYSE NOC opened at $577.12 on Wednesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 0.98. The stock has a market capitalization of $82.37 billion, a PE ratio of 20.76, a P/E/G ratio of 5.07 and a beta of 0.10. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $640.90. The business’s fifty day moving average price is $593.58 and its 200-day moving average price is $543.86.

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

Northrop Grumman Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were paid a $2.31 dividend. This represents a $9.24 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman’s payout ratio is currently 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.