Northrop Grumman Corporation $NOC Shares Sold by Prairie Wealth Advisors Inc.

Prairie Wealth Advisors Inc. decreased its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 4.4% during the second quarter, Holdings Channel.com reports. The firm owned 2,985 shares of the aerospace company’s stock after selling 136 shares during the period. Prairie Wealth Advisors Inc.’s holdings in Northrop Grumman were worth $1,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. IMA Advisory Services Inc. acquired a new stake in shares of Northrop Grumman during the 1st quarter worth approximately $27,000. Saudi Central Bank acquired a new stake in Northrop Grumman in the 1st quarter valued at $28,000. Banque Cantonale Vaudoise acquired a new stake in Northrop Grumman in the 1st quarter valued at $30,000. Flaharty Asset Management LLC acquired a new stake in Northrop Grumman in the 1st quarter valued at $36,000. Finally, Hollencrest Capital Management grew its stake in Northrop Grumman by 790.0% in the 1st quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock valued at $45,000 after acquiring an additional 79 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

NOC has been the topic of a number of research analyst reports. Wells Fargo & Company reissued an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. Truist Financial lifted their price target on shares of Northrop Grumman from $625.00 to $688.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Susquehanna lifted their price target on shares of Northrop Grumman from $650.00 to $690.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Sanford C. Bernstein set a $696.00 price target on shares of Northrop Grumman in a research note on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Northrop Grumman in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Northrop Grumman has an average rating of “Moderate Buy” and a consensus price target of $642.73.

Northrop Grumman Trading Down 1.7%

Shares of NOC stock opened at $584.93 on Thursday. The company’s 50-day moving average price is $594.66 and its 200-day moving average price is $542.64. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. The stock has a market cap of $83.48 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 5.15 and a beta of 0.10. Northrop Grumman Corporation has a twelve month low of $426.24 and a twelve month high of $640.90.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share for the quarter, beating the consensus estimate 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 net margin of 9.82% and a return on equity of 25.49%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.00 EPS. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, equities analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors 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 was Tuesday, September 2nd. Northrop Grumman’s payout ratio is 33.24%.

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.