Strategic Blueprint LLC Sells 217 Shares of Northrop Grumman Corporation $NOC

Strategic Blueprint LLC lessened its position in Northrop Grumman Corporation (NYSE:NOC) by 27.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 579 shares of the aerospace company’s stock after selling 217 shares during the period. Strategic Blueprint LLC’s holdings in Northrop Grumman were worth $290,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Principle Wealth Partners LLC increased its stake in Northrop Grumman by 12.9% in the second quarter. Principle Wealth Partners LLC now owns 2,263 shares of the aerospace company’s stock valued at $1,131,000 after purchasing an additional 259 shares in the last quarter. Ethic Inc. increased its stake in Northrop Grumman by 17.5% in the second quarter. Ethic Inc. now owns 9,958 shares of the aerospace company’s stock valued at $4,919,000 after purchasing an additional 1,485 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in Northrop Grumman by 14.7% in the second quarter. Rehmann Capital Advisory Group now owns 931 shares of the aerospace company’s stock valued at $466,000 after purchasing an additional 119 shares in the last quarter. Patten Group Inc. increased its stake in Northrop Grumman by 15.4% in the second quarter. Patten Group Inc. now owns 3,644 shares of the aerospace company’s stock valued at $1,822,000 after purchasing an additional 485 shares in the last quarter. Finally, Members Trust Co increased its stake in Northrop Grumman by 139.3% in the second quarter. Members Trust Co now owns 957 shares of the aerospace company’s stock valued at $478,000 after purchasing an additional 557 shares in the last quarter. Institutional investors own 83.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on NOC. Barclays upped their target price on shares of Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Susquehanna upped their price target on shares of Northrop Grumman from $650.00 to $690.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Morgan Stanley upped their price target on shares of Northrop Grumman from $625.00 to $720.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Bank of America upped their price target on shares of Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $700.00 price target on shares of Northrop Grumman and gave the company a “buy” rating in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Northrop Grumman currently has an average rating of “Moderate Buy” and an average price target of $642.73.

Northrop Grumman Stock Performance

Shares of NOC opened at $605.67 on Monday. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $640.90. The firm has a fifty day simple moving average of $594.41 and a 200 day simple moving average of $541.16. The stock has a market capitalization of $86.44 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 5.24 and a beta of 0.10. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95.

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. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The business had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter in the prior year, the company posted $7.00 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Research analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were paid a $2.31 dividend. 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 dividend payout ratio (DPR) is currently 33.24%.

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.