Northrop Grumman Corporation $NOC Shares Bought by St. Johns Investment Management Company LLC

St. Johns Investment Management Company LLC raised its stake in Northrop Grumman Corporation (NYSE:NOC) by 1.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,966 shares of the aerospace company’s stock after acquiring an additional 28 shares during the period. St. Johns Investment Management Company LLC’s holdings in Northrop Grumman were worth $983,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on NOC. Barclays lifted their price target on Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Morgan Stanley lifted their price target on Northrop Grumman from $625.00 to $720.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. JPMorgan Chase & Co. lifted their price target on Northrop Grumman from $480.00 to $585.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Sanford C. Bernstein boosted their target price on Northrop Grumman from $630.00 to $674.00 and gave the stock a “market perform” rating in a report on Monday. Finally, Truist Financial boosted their target price on Northrop Grumman from $625.00 to $688.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $617.50.

Northrop Grumman Price Performance

Shares of NYSE:NOC opened at $599.45 on Wednesday. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $640.90. The stock has a market cap of $85.83 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 5.85 and a beta of 0.10. The stock’s 50 day moving average price is $593.28 and its 200 day moving average price is $538.58. 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 (NYSE:NOC) last announced its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, topping the consensus estimate of $6.43 by $1.24. The firm had revenue of $10.42 billion for the quarter, compared to analysts’ expectations of $10.68 billion. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $7.00 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Equities research analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 1.5%. Northrop Grumman’s dividend payout ratio is currently 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.