RPG Investment Advisory LLC Has $740,000 Holdings in Northrop Grumman Corporation $NOC

RPG Investment Advisory LLC decreased its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 50.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,480 shares of the aerospace company’s stock after selling 1,478 shares during the quarter. RPG Investment Advisory LLC’s holdings in Northrop Grumman were worth $740,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Saudi Central Bank bought a new position in Northrop Grumman in the first quarter valued at approximately $28,000. Banque Cantonale Vaudoise acquired a new position in shares of Northrop Grumman in the 1st quarter valued at $30,000. NewSquare Capital LLC boosted its position in shares of Northrop Grumman by 75.0% in the 2nd quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 27 shares during the last quarter. Flaharty Asset Management LLC acquired a new stake in shares of Northrop Grumman during the first quarter worth $36,000. Finally, AlphaQuest LLC grew its stake in shares of Northrop Grumman by 29.2% during the second quarter. AlphaQuest LLC now owns 93 shares of the aerospace company’s stock worth $46,000 after purchasing an additional 21 shares during the period. 83.40% of the stock is owned by institutional investors.

Northrop Grumman Stock Down 0.2%

Northrop Grumman stock opened at $565.75 on Tuesday. The company has a 50 day moving average of $588.83 and a 200-day moving average of $551.77. The company has a quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 0.95. Northrop Grumman Corporation has a twelve month low of $426.24 and a twelve month high of $640.90. The stock has a market capitalization of $80.74 billion, a PE ratio of 20.35, 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 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 analysts’ expectations of $10.68 billion. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.00 EPS. 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 fiscal year.

Northrop Grumman Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Monday, December 1st will be issued a dividend of $2.31 per share. The ex-dividend date is Monday, December 1st. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.6%. Northrop Grumman’s dividend payout ratio (DPR) is presently 33.24%.

Wall Street Analyst Weigh In

Several research firms have weighed in on NOC. Wall Street Zen raised Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Truist Financial increased their price target on shares of Northrop Grumman from $625.00 to $688.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. BNP Paribas Exane began coverage on shares of Northrop Grumman in a research note on Tuesday, November 18th. They set an “outperform” rating and a $710.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Northrop Grumman from $575.00 to $640.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Finally, UBS Group increased their target price on shares of Northrop Grumman to $770.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Northrop Grumman presently has an average rating of “Moderate Buy” and a consensus target price of $646.94.

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.