524 Shares in Northrop Grumman Corporation $NOC Bought by Drucker Wealth 3.0 LLC

Key Points

• Drucker Wealth 3.0 LLC acquired a new stake in Northrop Grumman, purchasing 524 shares valued at approximately $266,000 in the 2nd quarter.
• Analysts have set new price targets for Northrop Grumman, with Deutsche Bank rating it as a "buy" and setting a price target of $700.00.
• Northrop Grumman recently announced a quarterly dividend of $2.31 per share, representing a 1.5% dividend yield and a payout ratio of 34.06%.

Drucker Wealth 3.0 LLC acquired a new stake in Northrop Grumman Corporation (NYSE:NOC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 524 shares of the aerospace company's stock, valued at approximately $266,000.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on NOC shares. Deutsche Bank Aktiengesellschaft set a $700.00 price target on shares of Northrop Grumman and gave the company a "buy" rating in a report on Wednesday. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Northrop Grumman in a research note on Saturday, September 27th. Barclays boosted their price objective on shares of Northrop Grumman from $500.00 to $580.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Northrop Grumman in a research report on Monday, July 14th. Finally, Royal Bank Of Canada boosted their target price on shares of Northrop Grumman from $600.00 to $625.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $601.00.

Northrop Grumman Stock Down 1.8%

Northrop Grumman stock opened at $623.51 on Friday. The firm's 50 day moving average price is $590.32 and its two-hundred day moving average price is $533.84. Northrop Grumman Corporation has a twelve month low of $426.24 and a twelve month high of $640.90. The firm has a market cap of $89.28 billion, a PE ratio of 22.98, a P/E/G ratio of 5.97 and a beta of 0.10. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04.

Northrop Grumman (NYSE:NOC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, topping the consensus estimate of $6.84 by $0.27. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same quarter in the prior year, the business posted $6.36 EPS. Northrop Grumman's quarterly 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. On average, research analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were issued 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 dividend payout ratio (DPR) is presently 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.

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