Northrop Grumman Corporation $NOC Shares Sold by Verus Capital Partners LLC

Verus Capital Partners LLC lowered its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 3.0% in the second quarter, Holdings Channel reports. The firm owned 15,413 shares of the aerospace company’s stock after selling 469 shares during the period. Northrop Grumman makes up about 0.6% of Verus Capital Partners LLC’s investment portfolio, making the stock its 27th biggest position. Verus Capital Partners LLC’s holdings in Northrop Grumman were worth $7,706,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. IMA Advisory Services Inc. acquired a new stake in shares of Northrop Grumman during the first quarter valued at about $27,000. Saudi Central Bank acquired a new stake in Northrop Grumman in the first quarter valued at $28,000. Banque Cantonale Vaudoise bought a new position in Northrop Grumman during the 1st quarter valued at $30,000. NewSquare Capital LLC grew its holdings in Northrop Grumman by 75.0% during the 2nd quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 27 shares in the last quarter. Finally, Flaharty Asset Management LLC bought a new position in shares of Northrop Grumman during the first quarter worth about $36,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Price Performance

Northrop Grumman stock opened at $562.08 on Tuesday. The firm has a market capitalization of $80.22 billion, a P/E ratio of 20.22, a PEG ratio of 5.07 and a beta of 0.07. The business has a 50-day moving average of $591.98 and a 200-day moving average of $546.28. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $640.90.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, beating the consensus estimate of $6.43 by $1.24. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The firm had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter in the prior year, the firm earned $7.00 earnings per share. The business’s quarterly revenue was up 4.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, equities analysts anticipate 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 was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were given a dividend of $2.31 per share. The ex-dividend date of this dividend was 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 (DPR) is currently 33.24%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NOC shares. Barclays raised their price target on Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Wells Fargo & Company reiterated an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Robert W. Baird lifted their target price on Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Wall Street Zen raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Finally, Morgan Stanley boosted their price target on Northrop Grumman from $625.00 to $720.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Northrop Grumman has an average rating of “Moderate Buy” and an average price target of $642.73.

Northrop Grumman Company 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.