Northrop Grumman Corporation $NOC Shares Acquired by Callan Family Office LLC

Callan Family Office LLC increased its holdings in Northrop Grumman Corporation (NYSE:NOCFree Report) by 119.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,576 shares of the aerospace company’s stock after acquiring an additional 1,403 shares during the quarter. Callan Family Office LLC’s holdings in Northrop Grumman were worth $1,288,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of NOC. IMA Advisory Services Inc. acquired a new position in shares of Northrop Grumman in the first quarter worth about $27,000. Saudi Central Bank acquired a new position in shares of Northrop Grumman in the first quarter worth about $28,000. Banque Cantonale Vaudoise acquired a new position in shares of Northrop Grumman in the first quarter worth about $30,000. Flaharty Asset Management LLC acquired a new position in shares of Northrop Grumman in the first quarter worth about $36,000. Finally, Hollencrest Capital Management lifted its stake 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 in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on NOC shares. Susquehanna boosted their price objective on Northrop Grumman from $557.00 to $650.00 and gave the company a “positive” rating in a report on Tuesday, July 22nd. Wall Street Zen raised Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Sanford C. Bernstein reissued a “market perform” rating on shares of Northrop Grumman in a report on Monday, July 14th. Bank of America upped their target price on Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, Truist Financial reaffirmed a “buy” rating and set a $625.00 target price (up from $550.00) on shares of Northrop Grumman in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $601.00.

Check Out Our Latest Research Report on NOC

Northrop Grumman Stock Performance

Shares of NYSE NOC opened at $623.51 on Monday. The company has a market cap of $89.27 billion, a PE ratio of 22.98, a P/E/G ratio of 6.06 and a beta of 0.10. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $640.90. The stock has a 50 day simple moving average of $590.32 and a 200-day simple moving average of $533.98.

Northrop Grumman (NYSE:NOCGet Free Report) last released its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share for the quarter, topping analysts’ consensus estimates of $6.84 by $0.27. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.15 billion. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period 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 research analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were given a $2.31 dividend. This represents a $9.24 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio is 34.06%.

About Northrop Grumman

(Free Report)

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.

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Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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