Northrop Grumman Corporation $NOC Shares Sold by Eads & Heald Wealth Management

Eads & Heald Wealth Management cut its holdings in Northrop Grumman Corporation (NYSE:NOC) by 2.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,278 shares of the aerospace company’s stock after selling 88 shares during the period. Eads & Heald Wealth Management’s holdings in Northrop Grumman were worth $1,639,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NOC. Brookstone Capital Management lifted its position in shares of Northrop Grumman by 121.0% during the 1st quarter. Brookstone Capital Management now owns 6,640 shares of the aerospace company’s stock worth $3,400,000 after buying an additional 3,635 shares during the last quarter. First United Bank & Trust lifted its position in Northrop Grumman by 641.0% in the second quarter. First United Bank & Trust now owns 778 shares of the aerospace company’s stock valued at $389,000 after acquiring an additional 673 shares during the last quarter. GAM Holding AG boosted its stake in Northrop Grumman by 51.9% in the first quarter. GAM Holding AG now owns 2,338 shares of the aerospace company’s stock valued at $1,197,000 after acquiring an additional 799 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Northrop Grumman during the first quarter worth about $33,090,000. Finally, Golden State Wealth Management LLC increased its position in shares of Northrop Grumman by 206.2% during the first quarter. Golden State Wealth Management LLC now owns 2,771 shares of the aerospace company’s stock worth $1,421,000 after purchasing an additional 1,866 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NOC. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $542.00 target price (down from $580.00) on shares of Northrop Grumman in a research report on Tuesday, July 8th. Susquehanna upped their price target on shares of Northrop Grumman from $557.00 to $650.00 and gave the company a “positive” rating in a research report on Tuesday, July 22nd. Wells Fargo & Company reissued an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Northrop Grumman in a report on Saturday, September 27th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Northrop Grumman in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $588.85.

Northrop Grumman Stock Up 0.9%

Northrop Grumman stock opened at $610.32 on Monday. The stock’s 50 day moving average price is $585.11 and its 200 day moving average price is $529.61. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $610.85. The company has a market cap of $87.39 billion, a PE ratio of 22.50, a price-to-earnings-growth ratio of 5.84 and a beta of 0.10. 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 released its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.84 by $0.27. The firm had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $10.15 billion. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.Northrop Grumman’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.36 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, sell-side analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders 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 dividend on an annualized basis and a yield of 1.5%. Northrop Grumman’s dividend payout ratio (DPR) is 34.06%.

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.