Cornell Pochily Investment Advisors Inc. Buys 49 Shares of Northrop Grumman Corporation $NOC

Cornell Pochily Investment Advisors Inc. raised its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 2.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 2,151 shares of the aerospace company’s stock after purchasing an additional 49 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in Northrop Grumman were worth $1,076,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NOC. IMA Advisory Services Inc. acquired a new stake in Northrop Grumman during the 1st quarter valued at approximately $27,000. Saudi Central Bank acquired a new stake in Northrop Grumman during the 1st quarter valued at approximately $28,000. Banque Cantonale Vaudoise acquired a new stake in Northrop Grumman during the 1st quarter valued at approximately $30,000. Flaharty Asset Management LLC acquired a new stake in shares of Northrop Grumman during the 1st quarter worth approximately $36,000. Finally, Hollencrest Capital Management grew its position in shares of Northrop Grumman by 790.0% during the 1st quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock worth $45,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

NOC has been the subject of several recent analyst reports. Susquehanna raised their price objective on shares of Northrop Grumman from $557.00 to $650.00 and gave the stock a “positive” rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada raised their price objective on shares of Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Barclays raised their price objective on shares of Northrop Grumman from $500.00 to $580.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. raised 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Northrop Grumman currently has a consensus rating of “Moderate Buy” and a consensus price target of $588.85.

Northrop Grumman Trading Down 0.1%

Shares of Northrop Grumman stock opened at $604.89 on Friday. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $610.85. The firm has a market cap of $86.61 billion, a PE ratio of 22.30, a P/E/G ratio of 5.80 and a beta of 0.10. The stock has a fifty day moving average price of $584.29 and a 200-day moving average price of $528.24. 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, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.84 by $0.27. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same period last year, the firm posted $6.36 EPS. The business’s revenue was up 1.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Equities research analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors 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 yield of 1.5%. Northrop Grumman’s dividend payout ratio (DPR) is 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.