Gold Investment Management Ltd. Buys 411 Shares of Northrop Grumman Corporation $NOC

Gold Investment Management Ltd. increased its stake in shares of Northrop Grumman Corporation (NYSE:NOCFree Report) by 21.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,306 shares of the aerospace company’s stock after acquiring an additional 411 shares during the quarter. Gold Investment Management Ltd.’s holdings in Northrop Grumman were worth $1,156,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its holdings in Northrop Grumman by 176.3% in the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock valued at $1,394,000 after buying an additional 1,895 shares during the period. Bison Wealth LLC increased its holdings in Northrop Grumman by 5.3% in the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock valued at $301,000 after buying an additional 32 shares during the period. NBC Securities Inc. bought a new stake in Northrop Grumman in the 1st quarter valued at $324,000. Merit Financial Group LLC increased its holdings in Northrop Grumman by 90.6% in the 1st quarter. Merit Financial Group LLC now owns 6,663 shares of the aerospace company’s stock valued at $3,412,000 after buying an additional 3,167 shares during the period. Finally, RFG Advisory LLC bought a new stake in Northrop Grumman in the 1st quarter valued at $294,000. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Down 0.6%

Shares of NYSE NOC opened at $605.72 on Thursday. The firm’s 50-day simple moving average is $583.57 and its 200 day simple moving average is $527.45. The company has a market cap of $86.73 billion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 5.83 and a beta of 0.10. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $610.85.

Northrop Grumman (NYSE:NOCGet Free Report) last released its earnings results 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 company had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.15 billion. During the same period in the prior year, the company posted $6.36 EPS. The company’s revenue was up 1.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, research analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders 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 dividend on an annualized basis and a yield of 1.5%. Northrop Grumman’s dividend payout ratio is presently 34.06%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NOC. Royal Bank Of Canada upped their target price on shares of Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Truist Financial reaffirmed a “buy” rating and issued a $625.00 target price (up previously from $550.00) on shares of Northrop Grumman in a report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their target price on shares of Northrop Grumman from $480.00 to $585.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Robert W. Baird upped their target price on shares of Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, September 5th. One investment 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $588.85.

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Northrop Grumman Profile

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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.

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Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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