Metis Global Partners LLC Cuts Stake in Northrop Grumman Corporation $NOC

Metis Global Partners LLC reduced its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 9.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,291 shares of the aerospace company’s stock after selling 669 shares during the period. Metis Global Partners LLC’s holdings in Northrop Grumman were worth $3,145,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. IMA Advisory Services Inc. purchased a new position in Northrop Grumman in the 1st quarter worth $27,000. Saudi Central Bank bought a new position in shares of Northrop Grumman during the first quarter valued at about $28,000. Banque Cantonale Vaudoise bought a new position in shares of Northrop Grumman during the first quarter valued at about $30,000. NewSquare Capital LLC increased its holdings in shares of Northrop Grumman by 75.0% in the second quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after buying an additional 27 shares during the period. Finally, Flaharty Asset Management LLC bought a new stake in shares of Northrop Grumman in the 1st quarter valued at about $36,000. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Trading Down 0.5%

NYSE:NOC opened at $569.09 on Monday. 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 50-day moving average price of $592.54 and a 200-day moving average price of $545.59. The stock has a market cap of $81.22 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 5.07 and a beta of 0.07.

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

Northrop Grumman Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. UBS Group raised their price target on Northrop Grumman to $770.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Robert W. Baird raised their target price on shares of Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada upped their price target on shares of Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Sanford C. Bernstein set a $696.00 price target on shares of Northrop Grumman in a research report on Thursday, October 23rd. Finally, Wells Fargo & Company reissued 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.