Northrop Grumman Corporation $NOC Shares Sold by Oak Hill Wealth Advisors LLC

Oak Hill Wealth Advisors LLC decreased its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 12.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 677 shares of the aerospace company’s stock after selling 100 shares during the quarter. Oak Hill Wealth Advisors LLC’s holdings in Northrop Grumman were worth $342,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Northrop Grumman by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 13,266,301 shares of the aerospace company’s stock valued at $6,792,479,000 after purchasing an additional 588,520 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Northrop Grumman by 23.4% during the first quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company’s stock worth $2,631,390,000 after buying an additional 974,633 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Northrop Grumman by 10.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,241,144 shares of the aerospace company’s stock worth $1,147,489,000 after buying an additional 210,500 shares in the last quarter. Invesco Ltd. boosted its holdings in Northrop Grumman by 12.1% in the first quarter. Invesco Ltd. now owns 1,944,186 shares of the aerospace company’s stock valued at $995,443,000 after purchasing an additional 210,506 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Northrop Grumman by 12.0% in the first quarter. Royal Bank of Canada now owns 1,115,625 shares of the aerospace company’s stock valued at $571,211,000 after acquiring an additional 119,693 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Robert W. Baird boosted their target price on shares of Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their price objective on Northrop Grumman from $480.00 to $585.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Bank of America raised their target price on Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Northrop Grumman in a report on Saturday, September 27th. Finally, Susquehanna boosted their price target on Northrop Grumman from $557.00 to $650.00 and gave the stock a “positive” rating in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Northrop Grumman has a consensus rating of “Moderate Buy” and an average price target of $588.85.

Northrop Grumman Stock Performance

NOC opened at $610.32 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The business’s 50-day moving average price is $585.11 and its two-hundred day moving average price is $529.07. The company has a market capitalization of $87.39 billion, a price-to-earnings ratio of 22.50, a P/E/G ratio of 5.79 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.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, beating the consensus estimate of $6.84 by $0.27. The company had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.15 billion. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.36 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Equities analysts expect that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were given a $2.31 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $9.24 annualized dividend and a yield of 1.5%. Northrop Grumman’s dividend payout ratio (DPR) is presently 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.