Narwhal Capital Management Has $8.27 Million Stock Holdings in Northrop Grumman Corporation $NOC

Narwhal Capital Management lessened its holdings in Northrop Grumman Corporation (NYSE:NOC) by 0.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,547 shares of the aerospace company’s stock after selling 94 shares during the period. Narwhal Capital Management’s holdings in Northrop Grumman were worth $8,273,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NOC. IMA Advisory Services Inc. acquired a new stake in Northrop Grumman during the first quarter valued at $27,000. Saudi Central Bank acquired a new stake in Northrop Grumman during the first quarter valued at $28,000. Banque Cantonale Vaudoise acquired a new stake in Northrop Grumman during the first quarter valued at $30,000. Flaharty Asset Management LLC acquired a new stake in Northrop Grumman during the first quarter valued at $36,000. Finally, Hollencrest Capital Management boosted its position in Northrop Grumman by 790.0% during the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock valued at $45,000 after purchasing an additional 79 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Trading Up 2.7%

Northrop Grumman stock opened at $638.40 on Thursday. 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 business’s 50-day simple moving average is $588.42 and its 200-day simple moving average is $531.88. The firm has a market capitalization of $91.41 billion, a PE ratio of 23.53, a PEG ratio of 5.95 and a beta of 0.10. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $638.54.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, topping analysts’ consensus estimates of $6.84 by $0.27. The business had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.15 billion. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $6.36 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Equities research analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were paid a $2.31 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.4%. Northrop Grumman’s payout ratio is presently 34.06%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NOC. Wells Fargo & Company reissued an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Royal Bank Of Canada lifted their price objective on Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $700.00 price objective on Northrop Grumman and gave the company a “buy” rating in a research report on Wednesday. Bank of America boosted their price target on Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Northrop Grumman in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Northrop Grumman currently has a consensus rating of “Moderate Buy” and an average price target 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.