Defined Wealth Management LLC Sells 279 Shares of Northrop Grumman Corporation $NOC

Defined Wealth Management LLC lowered its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 31.7% during the second quarter, HoldingsChannel reports. The fund owned 600 shares of the aerospace company’s stock after selling 279 shares during the quarter. Defined Wealth Management LLC’s holdings in Northrop Grumman were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brookstone Capital Management increased its position in Northrop Grumman by 121.0% during the first 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 during the period. GAM Holding AG increased its holdings in Northrop Grumman by 51.9% in the 1st quarter. GAM Holding AG now owns 2,338 shares of the aerospace company’s stock valued at $1,197,000 after buying an additional 799 shares during the period. Janney Montgomery Scott LLC bought a new stake in Northrop Grumman in the 1st quarter valued at $33,090,000. Golden State Wealth Management LLC increased its holdings in Northrop Grumman by 206.2% in the 1st 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. Finally, Bessemer Group Inc. increased its holdings in Northrop Grumman by 18.8% in the 1st quarter. Bessemer Group Inc. now owns 795,839 shares of the aerospace company’s stock valued at $407,477,000 after buying an additional 125,693 shares during the period. Institutional investors own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

NOC has been the topic of several analyst reports. Royal Bank Of Canada boosted their price target on shares of Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Sanford C. Bernstein reissued a “market perform” rating on shares of Northrop Grumman in a report on Monday, July 14th. Robert W. Baird boosted their price target on shares of Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Bank of America boosted their price target 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, Wells Fargo & Company reissued an “overweight” rating on shares of Northrop Grumman in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and a consensus price target of $588.85.

Northrop Grumman Stock Up 0.8%

Shares of NYSE NOC opened at $579.19 on Wednesday. The firm has a market capitalization of $82.93 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 5.50 and a beta of 0.13. 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 1 year low of $426.24 and a 1 year high of $600.99. The firm’s 50-day moving average is $570.25 and its 200-day moving average is $519.78.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.84 by $0.27. The company had revenue of $10.35 billion for 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 company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Equities analysts expect that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd will be paid a $2.31 dividend. This represents a $9.24 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio (DPR) is 34.06%.

Northrop Grumman 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.