River Street Advisors LLC Buys 220 Shares of Northrop Grumman Corporation $NOC

River Street Advisors LLC grew its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 7.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,384 shares of the aerospace company’s stock after buying an additional 220 shares during the period. River Street Advisors LLC’s holdings in Northrop Grumman were worth $1,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of NOC. IMA Advisory Services Inc. purchased a new position in shares of Northrop Grumman in the first quarter valued at $27,000. Saudi Central Bank purchased a new position in shares of Northrop Grumman in the first quarter valued at $28,000. Banque Cantonale Vaudoise purchased a new position in shares of Northrop Grumman in the first quarter valued at $30,000. Flaharty Asset Management LLC purchased a new position in shares of Northrop Grumman in the first quarter valued at $36,000. Finally, Hollencrest Capital Management grew its holdings in shares of Northrop Grumman by 790.0% in 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 in the last quarter. Institutional investors own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NOC. Truist Financial reissued a “buy” rating and issued a $625.00 target price (up from $550.00) on shares of Northrop Grumman in a report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $542.00 price objective (down from $580.00) on shares of Northrop Grumman in a research note on Tuesday, July 8th. Robert W. Baird lifted their price objective on shares of Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. Finally, Bank of America lifted their price objective on shares of Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $588.85.

Northrop Grumman Stock Down 0.1%

Shares of NOC opened at $604.89 on Friday. The firm has a market capitalization of $86.61 billion, a P/E ratio of 22.30, a P/E/G ratio of 5.80 and a beta of 0.10. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $610.85. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The firm has a fifty day moving average price of $584.29 and a 200-day moving average price of $528.24.

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, beating analysts’ consensus estimates of $6.84 by $0.27. The firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.15 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $6.36 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Equities research analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman’s payout ratio is currently 34.06%.

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.