Brucke Financial Inc. Sells 68 Shares of Northrop Grumman Corporation $NOC

Brucke Financial Inc. decreased its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 7.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 855 shares of the aerospace company’s stock after selling 68 shares during the quarter. Brucke Financial Inc.’s holdings in Northrop Grumman were worth $427,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Northrop Grumman by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 13,266,301 shares of the aerospace company’s stock valued at $6,792,479,000 after acquiring an additional 588,520 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Northrop Grumman by 23.4% in the 1st quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company’s stock valued at $2,631,390,000 after acquiring an additional 974,633 shares in the last quarter. Price T Rowe Associates Inc. MD increased 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 valued at $1,147,489,000 after acquiring an additional 210,500 shares in the last quarter. Invesco Ltd. increased its stake in shares of Northrop Grumman by 12.1% in the 1st 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 stake in shares of Northrop Grumman by 12.0% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on NOC shares. Sanford C. Bernstein reiterated a “market perform” rating on shares of Northrop Grumman in a research note on Monday, July 14th. Susquehanna lifted their price target on shares of Northrop Grumman from $557.00 to $650.00 and gave the company a “positive” rating in a research report on Tuesday, July 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Northrop Grumman in a research note on Saturday, September 27th. Barclays boosted their price target on shares of Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Northrop Grumman from $480.00 to $585.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Northrop Grumman has a consensus rating of “Moderate Buy” and a consensus price target of $601.00.

Northrop Grumman Stock Performance

NYSE NOC opened at $623.51 on Friday. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $640.90. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The firm has a market cap of $89.27 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 6.08 and a beta of 0.10. The company has a fifty day moving average price of $590.32 and a 200-day moving average price of $533.65.

Northrop Grumman (NYSE:NOC) last posted its earnings results 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. The firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.15 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. As a group, equities research analysts predict 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. Investors of record on Tuesday, September 2nd were given a dividend of $2.31 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $9.24 annualized dividend and a yield of 1.5%. Northrop Grumman’s dividend payout ratio is presently 34.06%.

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.