Evelyn Partners Investment Management Services Ltd Grows Stock Holdings in Northrop Grumman Corporation $NOC

Evelyn Partners Investment Management Services Ltd boosted its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 2,602.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,378 shares of the aerospace company’s stock after purchasing an additional 3,253 shares during the quarter. Evelyn Partners Investment Management Services Ltd’s holdings in Northrop Grumman were worth $1,699,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of NOC. Sfmg LLC grew its holdings in shares of Northrop Grumman by 10.3% in the 2nd quarter. Sfmg LLC now owns 792 shares of the aerospace company’s stock worth $396,000 after acquiring an additional 74 shares during the period. Journey Strategic Wealth LLC boosted its position in Northrop Grumman by 185.3% during the second quarter. Journey Strategic Wealth LLC now owns 1,418 shares of the aerospace company’s stock worth $709,000 after purchasing an additional 921 shares in the last quarter. Franklin Resources Inc. grew its holdings in Northrop Grumman by 11.8% in the second quarter. Franklin Resources Inc. now owns 2,933,061 shares of the aerospace company’s stock valued at $1,466,472,000 after purchasing an additional 308,680 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Northrop Grumman by 2.4% during the 2nd quarter. Legal & General Group Plc now owns 717,107 shares of the aerospace company’s stock worth $358,539,000 after buying an additional 16,944 shares during the last quarter. Finally, YANKCOM Partnership lifted its holdings in shares of Northrop Grumman by 6.0% in the second quarter. YANKCOM Partnership now owns 974 shares of the aerospace company’s stock valued at $487,000 after purchasing an additional 55 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NOC has been the subject of a number of analyst reports. Morgan Stanley boosted their price target on Northrop Grumman from $625.00 to $720.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. BNP Paribas Exane began coverage on Northrop Grumman in a research report on Tuesday. They set an “outperform” rating and a $710.00 price objective for the company. Susquehanna upped their target price on shares of Northrop Grumman from $650.00 to $690.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft set a $700.00 price target on Northrop Grumman and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Wall Street Zen raised Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $646.94.

Northrop Grumman Trading Down 0.0%

NYSE NOC opened at $567.08 on Friday. 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 one year low of $426.24 and a one year high of $640.90. The company’s 50 day moving average price is $589.00 and its 200 day moving average price is $550.31. The firm has a market capitalization of $80.93 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 5.07 and a beta of 0.07.

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

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st will be paid a $2.31 dividend. The ex-dividend date is Monday, December 1st. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.6%. Northrop Grumman’s dividend payout ratio (DPR) is 33.24%.

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.