Apollon Wealth Management LLC Has $3.85 Million Position in Northrop Grumman Corporation $NOC

Apollon Wealth Management LLC grew its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 26.8% in the second quarter, HoldingsChannel.com reports. The fund owned 7,706 shares of the aerospace company’s stock after acquiring an additional 1,628 shares during the quarter. Apollon Wealth Management LLC’s holdings in Northrop Grumman were worth $3,853,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NOC. Brighton Jones LLC grew its holdings in Northrop Grumman by 176.3% during the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock worth $1,394,000 after acquiring an additional 1,895 shares during the period. Bison Wealth LLC boosted its position in shares of Northrop Grumman by 5.3% during the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock worth $301,000 after purchasing an additional 32 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of Northrop Grumman by 2.8% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,319 shares of the aerospace company’s stock worth $675,000 after purchasing an additional 36 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Northrop Grumman by 8.6% during the 1st quarter. GAMMA Investing LLC now owns 2,969 shares of the aerospace company’s stock worth $1,520,000 after purchasing an additional 236 shares in the last quarter. Finally, CX Institutional boosted its position in shares of Northrop Grumman by 25.1% during the 1st quarter. CX Institutional now owns 987 shares of the aerospace company’s stock worth $505,000 after purchasing an additional 198 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Trading Down 1.8%

NYSE:NOC opened at $623.51 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The firm has a market cap of $89.28 billion, a price-to-earnings ratio of 22.98, a price-to-earnings-growth ratio of 5.97 and a beta of 0.10. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $640.90. The firm has a 50-day moving average price of $590.32 and a two-hundred day moving average price of $533.84.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, beating the consensus estimate of $6.84 by $0.27. The firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.15 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, equities analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The company 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. The ex-dividend date was Tuesday, September 2nd. This represents a $9.24 annualized dividend and a yield of 1.5%. Northrop Grumman’s dividend payout ratio (DPR) is 34.06%.

Wall Street Analysts Forecast Growth

NOC has been the topic of a number of research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Northrop Grumman in a research report on Saturday, September 27th. Wall Street Zen raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. JPMorgan Chase & Co. increased their price objective on shares of Northrop Grumman from $480.00 to $585.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Wells Fargo & Company reissued an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Finally, Robert W. Baird raised their price target on shares of Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $601.00.

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.