Bingham Private Wealth LLC Has $468,000 Holdings in Northrop Grumman Corporation $NOC

Bingham Private Wealth LLC increased its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 4.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 937 shares of the aerospace company’s stock after buying an additional 39 shares during the period. Bingham Private Wealth LLC’s holdings in Northrop Grumman were worth $468,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brookstone Capital Management raised its position in shares of Northrop Grumman by 121.0% in the 1st quarter. Brookstone Capital Management now owns 6,640 shares of the aerospace company’s stock worth $3,400,000 after acquiring an additional 3,635 shares in the last quarter. First United Bank & Trust grew its stake in Northrop Grumman by 641.0% during the second quarter. First United Bank & Trust now owns 778 shares of the aerospace company’s stock worth $389,000 after purchasing an additional 673 shares during the period. GAM Holding AG grew its stake in Northrop Grumman by 51.9% during the first quarter. GAM Holding AG now owns 2,338 shares of the aerospace company’s stock worth $1,197,000 after purchasing an additional 799 shares during the period. Janney Montgomery Scott LLC bought a new stake in Northrop Grumman in the first quarter worth approximately $33,090,000. Finally, Golden State Wealth Management LLC lifted its stake in Northrop Grumman by 206.2% in the first quarter. Golden State Wealth Management LLC now owns 2,771 shares of the aerospace company’s stock valued at $1,421,000 after buying an additional 1,866 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

NOC opened at $619.40 on Tuesday. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $619.71. The company has a market cap of $88.69 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 5.84 and a beta of 0.10. The company’s fifty day moving average price is $586.12 and its two-hundred day moving average price is $530.50. 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 (NYSE:NOC) last issued its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (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 firm had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $10.15 billion. During the same period last year, the company earned $6.36 earnings per share. The business’s 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 expect that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were paid a $2.31 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $9.24 annualized dividend and a dividend yield of 1.5%. Northrop Grumman’s dividend payout ratio is 34.06%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NOC. Truist Financial reaffirmed a “buy” rating and set a $625.00 price objective (up previously from $550.00) on shares of Northrop Grumman in a research report on Wednesday, July 23rd. Wall Street Zen raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft restated 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. Bank of America upped their price objective on shares of Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, Susquehanna increased their price objective on shares of Northrop Grumman from $557.00 to $650.00 and gave the stock a “positive” rating in a research report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $588.85.

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.