Northrop Grumman Corporation $NOC Shares Sold by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC cut its stake in Northrop Grumman Corporation (NYSE:NOC) by 1.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,215 shares of the aerospace company’s stock after selling 88 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Northrop Grumman were worth $3,108,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Redhawk Wealth Advisors Inc. lifted its holdings in Northrop Grumman by 3.0% in the first quarter. Redhawk Wealth Advisors Inc. now owns 644 shares of the aerospace company’s stock valued at $330,000 after acquiring an additional 19 shares during the period. Salvus Wealth Management LLC lifted its holdings in Northrop Grumman by 1.5% in the first quarter. Salvus Wealth Management LLC now owns 1,349 shares of the aerospace company’s stock valued at $691,000 after acquiring an additional 20 shares during the period. IAG Wealth Partners LLC lifted its holdings in Northrop Grumman by 8.4% in the first quarter. IAG Wealth Partners LLC now owns 271 shares of the aerospace company’s stock valued at $139,000 after acquiring an additional 21 shares during the period. Integrated Investment Consultants LLC lifted its holdings in Northrop Grumman by 3.9% in the first quarter. Integrated Investment Consultants LLC now owns 553 shares of the aerospace company’s stock valued at $283,000 after acquiring an additional 21 shares during the period. Finally, Bank Pictet & Cie Europe AG lifted its holdings in Northrop Grumman by 2.2% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,006 shares of the aerospace company’s stock valued at $472,000 after acquiring an additional 22 shares during the period. 83.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NOC. Royal Bank Of Canada upped their target price on Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Robert W. Baird upped their target price on Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. upped their target price on Northrop Grumman from $480.00 to $585.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Bank of America upped their target price on Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $542.00 target price (down from $580.00) on shares of Northrop Grumman in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Northrop Grumman currently has an average rating of “Moderate Buy” and an average price target of $588.85.

Northrop Grumman Stock Up 0.8%

Shares of NOC opened at $579.19 on Wednesday. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $600.99. The company has a market capitalization of $82.93 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 5.50 and a beta of 0.13. The stock has a fifty day simple moving average of $570.25 and a two-hundred day simple moving average of $519.78. 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 (NYSE:NOC) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.84 by $0.27. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same period last year, the company earned $6.36 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. As a group, equities analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $2.31 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.6%. Northrop Grumman’s dividend payout ratio is currently 34.06%.

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.