Folger Nolan Fleming Douglas Capital Management Inc. Decreases Stake in Northrop Grumman Corporation $NOC

Folger Nolan Fleming Douglas Capital Management Inc. lowered its position in Northrop Grumman Corporation (NYSE:NOC) by 2.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 905 shares of the aerospace company’s stock after selling 25 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Northrop Grumman were worth $452,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Capital Investment Advisors LLC lifted its position in shares of Northrop Grumman by 1.0% during the 2nd quarter. Capital Investment Advisors LLC now owns 2,049 shares of the aerospace company’s stock worth $1,025,000 after buying an additional 20 shares during the last quarter. Tyche Wealth Partners LLC lifted its position in shares of Northrop Grumman by 2.5% during the 2nd quarter. Tyche Wealth Partners LLC now owns 830 shares of the aerospace company’s stock worth $415,000 after buying an additional 20 shares during the last quarter. IAG Wealth Partners LLC lifted its position in shares of Northrop Grumman by 8.4% during the 1st quarter. IAG Wealth Partners LLC now owns 271 shares of the aerospace company’s stock worth $139,000 after buying an additional 21 shares during the last quarter. Integrated Investment Consultants LLC lifted its position in shares of Northrop Grumman by 3.9% during the 1st quarter. Integrated Investment Consultants LLC now owns 553 shares of the aerospace company’s stock worth $283,000 after buying an additional 21 shares during the last quarter. Finally, Ameriflex Group Inc. lifted its position in shares of Northrop Grumman by 3.6% during the 2nd quarter. Ameriflex Group Inc. now owns 611 shares of the aerospace company’s stock worth $301,000 after buying an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

Shares of NOC opened at $623.51 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The stock has a market capitalization of $89.27 billion, a P/E ratio of 22.98, a P/E/G ratio of 6.08 and a beta of 0.10. The company’s fifty day moving average is $590.32 and its two-hundred day moving average is $533.65. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $640.90.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data 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 analysts’ expectations of $10.15 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. Northrop Grumman’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, sell-side analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

The business 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. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.5%. Northrop Grumman’s dividend payout ratio is 34.06%.

Analyst Ratings Changes

NOC has been the subject of several recent analyst reports. Royal Bank Of Canada boosted their price objective on shares of Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $700.00 price target on shares of Northrop Grumman and gave the company a “buy” rating in a research report on Wednesday. Truist Financial reiterated a “buy” rating and set a $625.00 price target (up previously from $550.00) on shares of Northrop Grumman in a research note on Wednesday, July 23rd. Wall Street Zen upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Northrop Grumman in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $601.00.

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.