True Wealth Design LLC Sells 91 Shares of Northrop Grumman Corporation $NOC

True Wealth Design LLC decreased its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 60.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60 shares of the aerospace company’s stock after selling 91 shares during the quarter. True Wealth Design LLC’s holdings in Northrop Grumman were worth $30,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NOC. Coign Capital Advisors LLC raised its position in shares of Northrop Grumman by 1.3% during the 2nd quarter. Coign Capital Advisors LLC now owns 1,294 shares of the aerospace company’s stock valued at $647,000 after buying an additional 17 shares in the last quarter. CNB Bank increased its stake in Northrop Grumman by 0.8% during the second quarter. CNB Bank now owns 2,521 shares of the aerospace company’s stock worth $1,260,000 after acquiring an additional 19 shares during the last quarter. Capital Investment Advisors LLC raised its position in Northrop Grumman by 1.0% during the second quarter. Capital Investment Advisors LLC now owns 2,049 shares of the aerospace company’s stock valued at $1,025,000 after purchasing an additional 20 shares during the period. Tyche Wealth Partners LLC raised its position in Northrop Grumman by 2.5% during the second quarter. Tyche Wealth Partners LLC now owns 830 shares of the aerospace company’s stock valued at $415,000 after purchasing an additional 20 shares during the period. Finally, Princeton Global Asset Management LLC lifted its stake in shares of Northrop Grumman by 0.3% in the 2nd quarter. Princeton Global Asset Management LLC now owns 5,907 shares of the aerospace company’s stock valued at $2,953,000 after purchasing an additional 20 shares during the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Bank of America boosted their target price on Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft set a $700.00 price objective on shares of Northrop Grumman and gave the company a “buy” rating in a research report on Wednesday, October 8th. Susquehanna increased their target price 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. Royal Bank Of Canada lifted their price target on shares of Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Northrop Grumman from $575.00 to $640.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $642.73.

Northrop Grumman Stock Down 0.5%

NYSE:NOC opened at $569.09 on Friday. The company has a market cap of $81.22 billion, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 5.07 and a beta of 0.07. Northrop Grumman Corporation has a twelve month low of $426.24 and a twelve month high of $640.90. 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 fifty day simple moving average of $592.54 and a 200-day simple moving average of $545.08.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, topping the consensus estimate of $6.43 by $1.24. The company had revenue of $10.42 billion for the quarter, compared to the consensus estimate of $10.68 billion. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $7.00 EPS. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman’s payout ratio is currently 33.24%.

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.