Accretive Wealth Partners LLC Raises Holdings in Northrop Grumman Corporation $NOC

Accretive Wealth Partners LLC increased its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 6.0% in the 2nd quarter, Holdings Channel reports. The firm owned 494 shares of the aerospace company’s stock after purchasing an additional 28 shares during the period. Accretive Wealth Partners LLC’s holdings in Northrop Grumman were worth $247,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Capital Investment Advisors LLC increased its position in shares of Northrop Grumman by 1.0% during the second quarter. Capital Investment Advisors LLC now owns 2,049 shares of the aerospace company’s stock worth $1,025,000 after purchasing an additional 20 shares in the last quarter. Tyche Wealth Partners LLC grew its holdings in Northrop Grumman by 2.5% in the 2nd quarter. Tyche Wealth Partners LLC now owns 830 shares of the aerospace company’s stock valued at $415,000 after buying an additional 20 shares in the last quarter. Integrated Investment Consultants LLC grew its holdings in Northrop Grumman by 3.9% in the 1st quarter. Integrated Investment Consultants LLC now owns 553 shares of the aerospace company’s stock valued at $283,000 after buying an additional 21 shares in the last quarter. Ameriflex Group Inc. grew its holdings in Northrop Grumman by 3.6% in the 2nd quarter. Ameriflex Group Inc. now owns 611 shares of the aerospace company’s stock valued at $301,000 after buying an additional 21 shares in the last quarter. Finally, Clearstead Trust LLC grew its holdings in Northrop Grumman by 12.8% in the 1st quarter. Clearstead Trust LLC now owns 194 shares of the aerospace company’s stock valued at $99,000 after buying an additional 22 shares in the last quarter. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Northrop Grumman Stock Performance

Shares of Northrop Grumman stock opened at $594.15 on Monday. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $640.90. The business’s fifty day simple moving average is $592.48 and its 200-day simple moving average is $537.35. The firm has a market cap of $85.07 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 5.78 and a beta of 0.10. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98.

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

Northrop Grumman Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were paid a dividend of $2.31 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $9.24 annualized dividend and a yield of 1.6%. Northrop Grumman’s dividend payout ratio is presently 34.06%.

Analyst Ratings Changes

Several analysts have issued reports on NOC shares. Sanford C. Bernstein restated a “market perform” rating on shares of Northrop Grumman in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft set a $700.00 target price on Northrop Grumman and gave the company a “buy” rating in a report on Wednesday, October 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Northrop Grumman in a report on Tuesday, October 14th. Morgan Stanley upped their target price on Northrop Grumman from $625.00 to $720.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Barclays upped their target price on Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and an average price target of $613.15.

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.