Snider Financial Group Has $511,000 Holdings in Northrop Grumman Corporation $NOC

Snider Financial Group lowered its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 8.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,023 shares of the aerospace company’s stock after selling 90 shares during the period. Snider Financial Group’s holdings in Northrop Grumman were worth $511,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Northrop Grumman by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 13,266,301 shares of the aerospace company’s stock worth $6,792,479,000 after acquiring an additional 588,520 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of 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 buying an additional 974,633 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Northrop Grumman by 10.4% in the 1st 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 during the last quarter. Invesco Ltd. grew its holdings in shares of 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 acquiring an additional 210,506 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of Northrop Grumman by 12.0% during 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 last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Trading Up 1.1%

Shares of NYSE NOC opened at $584.91 on Monday. The firm’s 50 day moving average price is $594.13 and its 200-day moving average price is $543.36. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 1.11. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $640.90. The company has a market cap of $83.48 billion, a PE ratio of 21.04, a P/E/G ratio of 5.07 and a beta of 0.10.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share for the quarter, beating the consensus estimate of $6.43 by $1.24. The firm had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.68 billion. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $7.00 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, equities research 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. Stockholders of record on Tuesday, September 2nd were paid a dividend of $2.31 per share. This represents a $9.24 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio (DPR) is currently 33.24%.

Analysts Set New Price Targets

NOC has been the topic of a number of research reports. Royal Bank Of Canada boosted their price objective on Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. UBS Group boosted their price objective on Northrop Grumman to $770.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. increased their target price on Northrop Grumman from $575.00 to $640.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Wells Fargo & Company restated an “overweight” rating on shares of Northrop Grumman in a report on Tuesday, July 22nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Northrop Grumman in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Northrop Grumman has a consensus rating of “Moderate Buy” and a consensus price target of $642.73.

About Northrop Grumman

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.