Northrop Grumman Corporation $NOC Holdings Cut by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its holdings in Northrop Grumman Corporation (NYSE:NOC) by 16.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,833 shares of the aerospace company’s stock after selling 10,794 shares during the period. Janney Montgomery Scott LLC’s holdings in Northrop Grumman were worth $26,916,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. IMA Advisory Services Inc. bought a new stake in shares of Northrop Grumman during the first quarter valued at approximately $27,000. Saudi Central Bank bought a new stake in shares of Northrop Grumman during the first quarter valued at approximately $28,000. Banque Cantonale Vaudoise bought a new stake in shares of Northrop Grumman during the first quarter valued at approximately $30,000. Flaharty Asset Management LLC bought a new stake in shares of Northrop Grumman during the first quarter valued at approximately $36,000. Finally, Hollencrest Capital Management raised its holdings in shares of Northrop Grumman by 790.0% during the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock valued at $45,000 after buying an additional 79 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Trading Down 0.6%

Northrop Grumman stock opened at $605.72 on Thursday. 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 $86.73 billion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 5.83 and a beta of 0.10. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $610.85. The firm’s 50 day moving average price is $583.57 and its two-hundred day moving average price is $527.45.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share for the quarter, topping the consensus estimate of $6.84 by $0.27. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The firm had revenue of $10.35 billion for the quarter, compared to analysts’ expectations of $10.15 billion. During the same period in the previous year, the company posted $6.36 EPS. The company’s quarterly 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. On average, research analysts predict that Northrop Grumman Corporation will post 28.05 EPS 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 given a dividend of $2.31 per share. This represents a $9.24 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman’s payout ratio is presently 34.06%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Northrop Grumman in a report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $542.00 price target (down previously from $580.00) on shares of Northrop Grumman in a report on Tuesday, July 8th. Royal Bank Of Canada lifted their price target on Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Truist Financial reissued a “buy” rating and set a $625.00 target price (up previously from $550.00) on shares of Northrop Grumman in a report on Wednesday, July 23rd. Finally, Bank of America boosted their target price on Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $588.85.

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.