Sierra Legacy Group Sells 500 Shares of Northrop Grumman Corporation $NOC

Sierra Legacy Group lessened its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 13.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,264 shares of the aerospace company’s stock after selling 500 shares during the quarter. Northrop Grumman comprises about 1.3% of Sierra Legacy Group’s portfolio, making the stock its 25th largest holding. Sierra Legacy Group’s holdings in Northrop Grumman were worth $1,632,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of NOC. Vanguard Group Inc. boosted its holdings in shares of Northrop Grumman by 1.2% during the second quarter. Vanguard Group Inc. now owns 13,421,645 shares of the aerospace company’s stock worth $6,710,554,000 after acquiring an additional 155,344 shares during the period. Wellington Management Group LLP lifted its holdings in Northrop Grumman by 23.4% during the 1st quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company’s stock worth $2,631,390,000 after purchasing an additional 974,633 shares during the last quarter. Geode Capital Management LLC boosted its stake in Northrop Grumman by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 3,115,519 shares of the aerospace company’s stock valued at $1,554,299,000 after purchasing an additional 14,980 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Northrop Grumman by 10.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,241,144 shares of the aerospace company’s stock valued at $1,147,489,000 after buying an additional 210,500 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Northrop Grumman by 12.1% during the first quarter. Invesco Ltd. now owns 1,944,186 shares of the aerospace company’s stock worth $995,443,000 after buying an additional 210,506 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Wall Street Zen raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Royal Bank Of Canada lifted their price objective on Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Bank of America upped their target price on Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Wells Fargo & Company restated an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Finally, Susquehanna upped their price objective on shares of Northrop Grumman from $650.00 to $690.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Northrop Grumman presently has a consensus rating of “Moderate Buy” and a consensus price target of $646.94.

Northrop Grumman Stock Up 0.7%

Shares of NYSE NOC opened at $566.77 on Wednesday. The stock has a 50-day moving average price of $589.74 and a two-hundred day moving average price of $549.56. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $640.90. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. The company has a market cap of $80.89 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 5.07 and a beta of 0.07.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, beating 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 the consensus estimate of $10.68 billion. During the same quarter in the prior year, the firm earned $7.00 EPS. 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. As a group, analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

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.