Northrop Grumman Corporation $NOC Shares Bought by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System raised its position in Northrop Grumman Corporation (NYSE:NOC) by 2.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,591 shares of the aerospace company’s stock after purchasing an additional 141 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Northrop Grumman were worth $3,295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Northrop Grumman by 4.6% during the first quarter. Vanguard Group Inc. now owns 13,266,301 shares of the aerospace company’s stock valued at $6,792,479,000 after acquiring an additional 588,520 shares during the period. Wellington Management Group LLP increased its stake in shares of Northrop Grumman by 23.4% during the first quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company’s stock valued at $2,631,390,000 after acquiring an additional 974,633 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Northrop Grumman by 10.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,241,144 shares of the aerospace company’s stock valued at $1,147,489,000 after acquiring an additional 210,500 shares during the period. Invesco Ltd. increased its stake in shares of Northrop Grumman by 12.1% during the first quarter. Invesco Ltd. now owns 1,944,186 shares of the aerospace company’s stock valued at $995,443,000 after acquiring an additional 210,506 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of Northrop Grumman by 12.0% during the first quarter. Royal Bank of Canada now owns 1,115,625 shares of the aerospace company’s stock valued at $571,211,000 after acquiring an additional 119,693 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Trading Down 0.4%

Northrop Grumman stock opened at $635.23 on Friday. The company has a 50 day moving average price of $589.59 and a 200 day moving average price of $532.84. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $640.90. 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 firm has a market capitalization of $90.95 billion, a price-to-earnings ratio of 23.41, a P/E/G ratio of 6.10 and a beta of 0.10.

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. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same quarter last year, the business posted $6.36 EPS. The company’s revenue was up 1.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Research analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on NOC. Wells Fargo & Company reiterated an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. Wall Street Zen upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Weiss Ratings restated a “buy (b)” rating on shares of Northrop Grumman in a research report on Saturday, September 27th. Truist Financial restated a “buy” rating and issued a $625.00 price target (up previously from $550.00) on shares of Northrop Grumman in a research report on Wednesday, July 23rd. Finally, Robert W. Baird lifted their price target on shares of Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $601.00.

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.