Forum Financial Management LP Sells 330 Shares of Northrop Grumman Corporation $NOC

Forum Financial Management LP lowered its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 17.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,561 shares of the aerospace company’s stock after selling 330 shares during the quarter. Forum Financial Management LP’s holdings in Northrop Grumman were worth $781,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in NOC. IMA Advisory Services Inc. bought a new stake in shares of Northrop Grumman during the first quarter worth $27,000. Saudi Central Bank bought a new stake in shares of Northrop Grumman during the first quarter worth $28,000. Banque Cantonale Vaudoise bought a new stake in Northrop Grumman in the first quarter valued at about $30,000. Flaharty Asset Management LLC bought a new stake in Northrop Grumman in the first quarter valued at about $36,000. Finally, Hollencrest Capital Management increased its holdings in Northrop Grumman by 790.0% in the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock valued at $45,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Up 1.5%

Shares of Northrop Grumman stock opened at $605.17 on Friday. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $640.90. The business has a 50-day moving average of $593.98 and a two-hundred day moving average of $539.83. The company has a market capitalization of $86.65 billion, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 5.63 and a beta of 0.10. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 0.93.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.43 by $1.24. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The company had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same period in the prior year, the company earned $7.00 earnings per share. The company’s revenue for the quarter 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, equities analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

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 dividend of $2.31 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.5%. Northrop Grumman’s dividend payout ratio (DPR) is presently 33.24%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NOC. Weiss Ratings reiterated a “buy (b-)” rating on shares of Northrop Grumman in a report on Tuesday, October 14th. Sanford C. Bernstein set a $696.00 price objective on Northrop Grumman in a report on Thursday. Deutsche Bank Aktiengesellschaft set a $700.00 price objective on Northrop Grumman and gave the company a “buy” rating in a report on Wednesday, October 8th. Bank of America upped their price objective on Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company reiterated an “overweight” rating on shares of Northrop Grumman in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Northrop Grumman currently has an average rating of “Moderate Buy” and a consensus price target of $642.73.

Northrop Grumman Company 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.