Northrop Grumman Corporation $NOC Stock Position Cut by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lessened its stake in Northrop Grumman Corporation (NYSE:NOC) by 11.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,186 shares of the aerospace company’s stock after selling 696 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Northrop Grumman were worth $2,593,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IMA Advisory Services Inc. bought a new position in Northrop Grumman in the 1st quarter valued at about $27,000. Saudi Central Bank bought a new position in Northrop Grumman in the 1st quarter valued at about $28,000. Banque Cantonale Vaudoise bought a new position in Northrop Grumman in the 1st quarter valued at about $30,000. Flaharty Asset Management LLC bought a new position in Northrop Grumman in the 1st quarter valued at about $36,000. Finally, Hollencrest Capital Management grew its position in Northrop Grumman by 790.0% in the 1st quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock valued at $45,000 after buying an additional 79 shares in the last quarter. Institutional investors own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $542.00 price target (down from $580.00) on shares of Northrop Grumman in a report on Tuesday, July 8th. Wall Street Zen raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Barclays upped their price target on shares of Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. 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 report on Tuesday, July 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Northrop Grumman in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $588.85.

Northrop Grumman Price Performance

NOC stock opened at $622.00 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $627.81. The firm has a market capitalization of $89.06 billion, a PE ratio of 22.93, a P/E/G ratio of 5.92 and a beta of 0.10. The firm has a 50-day moving average of $587.11 and a two-hundred day moving average of $531.14.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the firm earned $6.36 earnings per share. The business’s quarterly revenue was up 1.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current 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 paid a dividend of $2.31 per share. 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 is currently 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.