Los Angeles Capital Management LLC Trims Holdings in Northrop Grumman Corporation $NOC

Los Angeles Capital Management LLC decreased its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 62.8% in the second quarter, HoldingsChannel reports. The firm owned 33,899 shares of the aerospace company’s stock after selling 57,142 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Northrop Grumman were worth $16,949,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of NOC. Coign Capital Advisors LLC raised its holdings in shares of Northrop Grumman by 1.3% during the second quarter. Coign Capital Advisors LLC now owns 1,294 shares of the aerospace company’s stock valued at $647,000 after acquiring an additional 17 shares in the last quarter. CNB Bank increased its position in Northrop Grumman by 0.8% during the 2nd quarter. CNB Bank now owns 2,521 shares of the aerospace company’s stock valued at $1,260,000 after purchasing an additional 19 shares during the period. Capital Investment Advisors LLC increased its position in Northrop Grumman by 1.0% during the 2nd quarter. Capital Investment Advisors LLC now owns 2,049 shares of the aerospace company’s stock valued at $1,025,000 after purchasing an additional 20 shares during the period. Tyche Wealth Partners LLC raised its holdings in Northrop Grumman by 2.5% in the 2nd quarter. Tyche Wealth Partners LLC now owns 830 shares of the aerospace company’s stock worth $415,000 after purchasing an additional 20 shares in the last quarter. Finally, Princeton Global Asset Management LLC lifted its position in shares of Northrop Grumman by 0.3% in the 2nd quarter. Princeton Global Asset Management LLC now owns 5,907 shares of the aerospace company’s stock worth $2,953,000 after purchasing an additional 20 shares during the period. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Price Performance

Shares of NYSE NOC opened at $569.09 on Friday. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $640.90. The company has a 50 day simple moving average of $592.54 and a two-hundred day simple moving average of $545.08. The company has a market capitalization of $81.22 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 5.07 and a beta of 0.07. 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 (NYSE:NOC) last issued its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, topping analysts’ consensus estimates of $6.43 by $1.24. The firm had revenue of $10.42 billion for the quarter, compared to analysts’ expectations of $10.68 billion. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.00 EPS. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Analysts expect that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were issued a $2.31 dividend. This represents a $9.24 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman’s payout ratio is 33.24%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NOC shares. Sanford C. Bernstein set a $696.00 price target on shares of Northrop Grumman in a research report on Thursday, October 23rd. Bank of America lifted their price objective on Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. BTIG Research upped their target price on Northrop Grumman from $630.00 to $680.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Robert W. Baird increased their target price on Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Finally, Susquehanna lifted their price target on Northrop Grumman from $650.00 to $690.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $642.73.

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.