Northrop Grumman Corporation $NOC Shares Sold by Accel Wealth Management

Accel Wealth Management lowered its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 1.8% in the second quarter, HoldingsChannel reports. The firm owned 1,313 shares of the aerospace company’s stock after selling 24 shares during the quarter. Accel Wealth Management’s holdings in Northrop Grumman were worth $656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Northrop Grumman by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 13,266,301 shares of the aerospace company’s stock valued at $6,792,479,000 after purchasing an additional 588,520 shares during the period. Wellington Management Group LLP boosted its position in Northrop Grumman by 23.4% during the 1st quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company’s stock valued at $2,631,390,000 after purchasing an additional 974,633 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Northrop Grumman by 10.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,241,144 shares of the aerospace company’s stock valued at $1,147,489,000 after purchasing an additional 210,500 shares during the period. Invesco Ltd. boosted its position in Northrop Grumman by 12.1% during the 1st quarter. Invesco Ltd. now owns 1,944,186 shares of the aerospace company’s stock worth $995,443,000 after acquiring an additional 210,506 shares during the period. Finally, Royal Bank of Canada boosted its position in Northrop Grumman by 12.0% during the 1st quarter. Royal Bank of Canada now owns 1,115,625 shares of the aerospace company’s stock worth $571,211,000 after acquiring an additional 119,693 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analysts Set New Price Targets

NOC has been the subject of a number of analyst reports. Wells Fargo & Company reiterated an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Barclays boosted their price target on Northrop Grumman from $500.00 to $580.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Bank of America boosted their price target on Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Sanford C. Bernstein reiterated a “market perform” rating on shares of Northrop Grumman in a research report on Monday, July 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $542.00 price target (down previously from $580.00) on shares of Northrop Grumman in a research report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $588.85.

Northrop Grumman Trading Up 0.9%

Shares of Northrop Grumman stock opened at $610.32 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The firm has a market cap of $87.39 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 5.84 and a beta of 0.10. The business has a fifty day simple moving average of $585.11 and a 200-day simple moving average of $529.33. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $610.85.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share for the quarter, beating the consensus estimate of $6.84 by $0.27. The business had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.15 billion. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The company’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.36 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, equities analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently announced 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 of this dividend was Tuesday, September 2nd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.5%. Northrop Grumman’s payout ratio is 34.06%.

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.