Sage Mountain Advisors LLC Raises Holdings in Northrop Grumman Corporation $NOC

Sage Mountain Advisors LLC increased its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 31.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,169 shares of the aerospace company’s stock after buying an additional 279 shares during the period. Sage Mountain Advisors LLC’s holdings in Northrop Grumman were worth $585,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP grew its holdings in Northrop Grumman by 23.4% during the 1st quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company’s stock worth $2,631,390,000 after acquiring an additional 974,633 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Northrop Grumman by 1,425.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,001,198 shares of the aerospace company’s stock worth $512,624,000 after purchasing an additional 935,554 shares during the period. Nuveen LLC purchased a new stake in shares of Northrop Grumman in the 1st quarter worth approximately $369,205,000. Vanguard Group Inc. boosted its stake in shares of Northrop Grumman by 4.6% during the first 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. Finally, AQR Capital Management LLC increased its holdings in Northrop Grumman by 98.8% during the first quarter. AQR Capital Management LLC now owns 899,114 shares of the aerospace company’s stock valued at $460,355,000 after buying an additional 446,940 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Trading Down 0.0%

Northrop Grumman stock opened at $605.67 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.93 and a current ratio of 1.11. The stock has a market cap of $86.44 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 5.02 and a beta of 0.10. The stock has a 50-day moving average of $594.41 and a two-hundred day moving average of $540.97. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $640.90.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share for the quarter, topping analysts’ consensus estimates of $6.43 by $1.24. The business had revenue of $10.42 billion for the quarter, compared to analyst estimates of $10.68 billion. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $7.00 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, research analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently declared 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 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 presently 33.24%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NOC. Royal Bank Of Canada upped their target price on Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Northrop Grumman in a research note on Tuesday, October 14th. Susquehanna lifted their target price on Northrop Grumman from $650.00 to $690.00 and gave the company a “positive” rating in a research note on Wednesday. Sanford C. Bernstein set a $696.00 price target on shares of Northrop Grumman in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft set a $700.00 price target on shares of Northrop Grumman and gave the company a “buy” rating in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $642.73.

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.