Northrop Grumman Corporation $NOC Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC reduced its stake in Northrop Grumman Corporation (NYSE:NOC) by 13.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 722 shares of the aerospace company’s stock after selling 116 shares during the quarter. Sowell Financial Services LLC’s holdings in Northrop Grumman were worth $361,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NOC. Redhawk Wealth Advisors Inc. raised its position in shares of Northrop Grumman by 3.0% in the first quarter. Redhawk Wealth Advisors Inc. now owns 644 shares of the aerospace company’s stock valued at $330,000 after buying an additional 19 shares during the last quarter. Salvus Wealth Management LLC grew its stake in Northrop Grumman by 1.5% in the 1st quarter. Salvus Wealth Management LLC now owns 1,349 shares of the aerospace company’s stock worth $691,000 after acquiring an additional 20 shares during the period. IAG Wealth Partners LLC grew its stake in Northrop Grumman by 8.4% in the 1st quarter. IAG Wealth Partners LLC now owns 271 shares of the aerospace company’s stock worth $139,000 after acquiring an additional 21 shares during the period. Integrated Investment Consultants LLC raised its holdings in Northrop Grumman by 3.9% in the 1st quarter. Integrated Investment Consultants LLC now owns 553 shares of the aerospace company’s stock valued at $283,000 after acquiring an additional 21 shares during the last quarter. Finally, Clearstead Trust LLC lifted its stake in shares of Northrop Grumman by 12.8% during the 1st quarter. Clearstead Trust LLC now owns 194 shares of the aerospace company’s stock worth $99,000 after purchasing an additional 22 shares during the period. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Trading Down 0.2%

NYSE NOC opened at $585.36 on Friday. The firm has a market capitalization of $83.81 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 5.61 and a beta of 0.13. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $600.99. The company’s 50 day moving average price is $578.83 and its 200 day moving average price is $524.31.

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. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The company had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same quarter in the prior year, the business earned $6.36 earnings per share. The business’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, sell-side analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders 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 1.6%. Northrop Grumman’s dividend payout ratio (DPR) is 34.06%.

Analysts Set New Price Targets

A number of brokerages have recently commented on NOC. Susquehanna lifted their price objective on Northrop Grumman from $557.00 to $650.00 and gave the company a “positive” rating in a research report on Tuesday, July 22nd. Sanford C. Bernstein reissued a “market perform” rating on shares of Northrop Grumman in a research note on Monday, July 14th. Truist Financial restated a “buy” rating and issued a $625.00 price target (up previously from $550.00) on shares of Northrop Grumman in a report on Wednesday, July 23rd. Royal Bank Of Canada upped their price objective on shares of Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Finally, Wells Fargo & Company reissued an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $588.85.

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.