International Assets Investment Management LLC Sells 125,241 Shares of Northrop Grumman Corporation $NOC

International Assets Investment Management LLC cut its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 99.2% during the second quarter, Holdings Channel.com reports. The firm owned 1,061 shares of the aerospace company’s stock after selling 125,241 shares during the period. International Assets Investment Management LLC’s holdings in Northrop Grumman were worth $530,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Northrop Grumman during the second quarter valued at approximately $29,049,000. Signature Estate & Investment Advisors LLC boosted its stake in shares of Northrop Grumman by 2.1% during the second quarter. Signature Estate & Investment Advisors LLC now owns 3,848 shares of the aerospace company’s stock valued at $1,924,000 after purchasing an additional 79 shares in the last quarter. Koshinski Asset Management Inc. boosted its stake in shares of Northrop Grumman by 59.1% during the second quarter. Koshinski Asset Management Inc. now owns 1,395 shares of the aerospace company’s stock valued at $697,000 after purchasing an additional 518 shares in the last quarter. Foster & Motley Inc. boosted its stake in Northrop Grumman by 34.2% in the second quarter. Foster & Motley Inc. now owns 13,032 shares of the aerospace company’s stock valued at $6,516,000 after acquiring an additional 3,321 shares in the last quarter. Finally, Arista Wealth Management LLC acquired a new stake in Northrop Grumman in the second quarter valued at approximately $2,106,000. 83.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NOC. Sanford C. Bernstein raised their target price on shares of Northrop Grumman from $630.00 to $674.00 and gave the company a “market perform” rating in a research note on Monday. Robert W. Baird raised their target price on shares of Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Truist Financial raised their target price on shares of Northrop Grumman from $625.00 to $688.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Susquehanna raised their target price on shares of Northrop Grumman from $557.00 to $650.00 and gave the company a “positive” rating in a research note on Tuesday, July 22nd. Finally, Morgan Stanley raised their target price on shares of Northrop Grumman from $625.00 to $720.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $617.50.

Northrop Grumman Trading Down 0.4%

Shares of Northrop Grumman stock opened at $599.45 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The firm has a fifty day moving average price of $593.28 and a 200 day moving average price of $538.58. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $640.90. The stock has a market cap of $85.83 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 5.85 and a beta of 0.10.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.43 by $1.24. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The firm had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter last year, the company posted $7.00 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Equities research analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were issued a $2.31 dividend. The ex-dividend date of this dividend 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%.

Northrop Grumman 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.