Richwood Investment Advisors LLC Raises Holdings in Northrop Grumman Corporation $NOC

Richwood Investment Advisors LLC increased its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 3.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,427 shares of the aerospace company’s stock after acquiring an additional 100 shares during the period. Northrop Grumman comprises 1.4% of Richwood Investment Advisors LLC’s holdings, making the stock its 12th largest position. Richwood Investment Advisors LLC’s holdings in Northrop Grumman were worth $1,713,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

NOC has been the topic of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Northrop Grumman in a research report on Saturday, September 27th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $542.00 price objective (down from $580.00) on shares of Northrop Grumman in a report on Tuesday, July 8th. Robert W. Baird upped their target price on Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their price target on shares of Northrop Grumman from $480.00 to $585.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Susquehanna boosted their price target on shares of Northrop Grumman from $557.00 to $650.00 and gave the stock a “positive” rating in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Northrop Grumman currently has an average rating of “Moderate Buy” and a consensus price target of $588.85.

Northrop Grumman Stock Performance

Shares of NYSE:NOC opened at $619.40 on Tuesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $619.71. The firm has a market capitalization of $88.69 billion, a PE ratio of 22.83, a P/E/G ratio of 5.84 and a beta of 0.10. The business’s 50 day moving average price is $586.12 and its 200-day moving average price is $530.50.

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 analysts’ consensus estimates of $6.84 by $0.27. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same quarter last year, the firm posted $6.36 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. As a group, equities research analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors 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 dividend on an annualized basis and a yield of 1.5%. Northrop Grumman’s payout ratio is presently 34.06%.

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.