Northrop Grumman Corporation $NOC Shares Bought by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC raised its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 2.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,848 shares of the aerospace company’s stock after buying an additional 79 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Northrop Grumman were worth $1,924,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Investment Advisors LLC boosted its stake in Northrop Grumman by 1.0% during the 2nd quarter. Capital Investment Advisors LLC now owns 2,049 shares of the aerospace company’s stock valued at $1,025,000 after purchasing an additional 20 shares in the last quarter. Tyche Wealth Partners LLC lifted its holdings in shares of Northrop Grumman by 2.5% in the second quarter. Tyche Wealth Partners LLC now owns 830 shares of the aerospace company’s stock valued at $415,000 after buying an additional 20 shares during the period. Integrated Investment Consultants LLC lifted its holdings in shares of Northrop Grumman by 3.9% in the first quarter. Integrated Investment Consultants LLC now owns 553 shares of the aerospace company’s stock valued at $283,000 after buying an additional 21 shares during the period. Ameriflex Group Inc. boosted its stake in Northrop Grumman by 3.6% during the second quarter. Ameriflex Group Inc. now owns 611 shares of the aerospace company’s stock valued at $301,000 after buying an additional 21 shares in the last quarter. Finally, Clearstead Trust LLC grew its holdings in Northrop Grumman by 12.8% during the first quarter. Clearstead Trust LLC now owns 194 shares of the aerospace company’s stock worth $99,000 after acquiring an additional 22 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on NOC. Susquehanna boosted their target price on shares of Northrop Grumman from $557.00 to $650.00 and gave the stock a “positive” rating in a report on Tuesday, July 22nd. Royal Bank Of Canada upped 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. Morgan Stanley lifted their target price on Northrop Grumman from $625.00 to $720.00 and gave the stock an “overweight” rating in a report on Wednesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Northrop Grumman in a research report on Tuesday, October 14th. Finally, Truist Financial upped their price objective on shares of Northrop Grumman from $625.00 to $688.00 and gave the company a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $613.15.

Northrop Grumman Price Performance

Shares of NYSE:NOC opened at $594.15 on Friday. The stock has a market capitalization of $85.07 billion, a P/E ratio of 21.90, a P/E/G ratio of 5.78 and a beta of 0.10. The business has a 50-day moving average of $592.48 and a two-hundred day moving average of $537.20. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $640.90. 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 posted its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.84 by $0.27. The business had revenue of $10.35 billion for 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%. Northrop Grumman’s revenue was up 1.3% compared to the same quarter last year. During the same period 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 research analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $2.31 per share. This represents a $9.24 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio (DPR) is presently 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.