Northrop Grumman Corporation $NOC Stock Position Lowered by Citigroup Inc.

Citigroup Inc. decreased its position in Northrop Grumman Corporation (NYSE:NOC) by 12.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 243,319 shares of the aerospace company’s stock after selling 35,104 shares during the quarter. Citigroup Inc. owned about 0.17% of Northrop Grumman worth $121,655,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. IMA Advisory Services Inc. acquired a new stake in Northrop Grumman in the 1st quarter valued at about $27,000. Saudi Central Bank acquired a new position in shares of Northrop Grumman in the 1st quarter worth approximately $28,000. Banque Cantonale Vaudoise bought a new stake in shares of Northrop Grumman in the 1st quarter worth approximately $30,000. NewSquare Capital LLC raised its holdings in shares of Northrop Grumman by 75.0% in the 2nd quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 27 shares in the last quarter. Finally, Flaharty Asset Management LLC acquired a new stake in Northrop Grumman during the first quarter valued at approximately $36,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Stock Performance

Shares of NOC stock opened at $562.68 on Tuesday. The stock’s fifty day simple moving average is $589.84 and its 200-day simple moving average is $549.03. The company has a market capitalization of $80.31 billion, a price-to-earnings ratio of 20.24, a P/E/G ratio of 5.07 and a beta of 0.07. 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 Corporation has a 1-year low of $426.24 and a 1-year high of $640.90.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, topping analysts’ consensus estimates of $6.43 by $1.24. The firm had revenue of $10.42 billion during the quarter, compared to analyst estimates of $10.68 billion. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the company posted $7.00 EPS. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, sell-side analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were paid a $2.31 dividend. This represents a $9.24 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio is currently 33.24%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NOC shares. Susquehanna increased their price objective on Northrop Grumman from $650.00 to $690.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Sanford C. Bernstein set a $696.00 target price on Northrop Grumman in a research report on Thursday, October 23rd. Wall Street Zen raised Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Truist Financial lifted their price target on Northrop Grumman from $625.00 to $688.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, BTIG Research upped their price objective on shares of Northrop Grumman from $630.00 to $680.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Northrop Grumman has an average rating of “Moderate Buy” and an average price target of $642.73.

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.