Northrop Grumman Corporation $NOC Holdings Decreased by Rovin Capital UT ADV

Rovin Capital UT ADV cut its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 28.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 675 shares of the aerospace company’s stock after selling 268 shares during the period. Rovin Capital UT ADV’s holdings in Northrop Grumman were worth $338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. IMA Advisory Services Inc. bought a new stake in Northrop Grumman in the first quarter valued at $27,000. Saudi Central Bank bought 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 Northrop Grumman in the first quarter worth about $30,000. NewSquare Capital LLC grew its position in Northrop Grumman by 75.0% in the 2nd quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock valued at $31,000 after buying an additional 27 shares in the last quarter. Finally, Flaharty Asset Management LLC bought a new stake in shares of Northrop Grumman during the 1st quarter worth about $36,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

NOC has been the topic of several research reports. Deutsche Bank Aktiengesellschaft set a $700.00 price target on Northrop Grumman and gave the company a “buy” rating in a report on Wednesday, October 8th. BTIG Research lifted their price target on Northrop Grumman from $630.00 to $680.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Barclays upped their price objective on shares of Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Wall Street Zen upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Northrop Grumman in a research report on Tuesday, October 14th. One equities 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’s stock. According to data from MarketBeat.com, Northrop Grumman has an average rating of “Moderate Buy” and an average target price of $642.73.

Northrop Grumman Trading Up 0.3%

Shares of NOC stock opened at $572.24 on Friday. 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 Corporation has a 1 year low of $426.24 and a 1 year high of $640.90. The firm’s fifty day simple moving average is $592.96 and its 200 day simple moving average is $544.25. The firm has a market capitalization of $81.67 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 5.07 and a beta of 0.07.

Northrop Grumman (NYSE:NOC) last posted 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 for the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter in the previous year, the firm posted $7.00 EPS. The business’s 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, sell-side analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

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