Belpointe Asset Management LLC Has $1.54 Million Holdings in Northrop Grumman Corporation $NOC

Key Points

• Belpointe Asset Management LLC has reduced its holdings in Northrop Grumman by 52.5%, selling 3,320 shares, while still owning 2,998 shares valued at approximately $1.5 million.
• Several large investors, including GAMMA Investing LLC and T. Rowe Price Investment Management Inc., made significant increases in their shareholdings during the same quarter.
• Analysts have given Northrop Grumman an average rating of "Moderate Buy" with a target price of $588.85, indicating positive sentiment for the stock's potential performance.

Belpointe Asset Management LLC reduced its stake in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 52.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,998 shares of the aerospace company's stock after selling 3,320 shares during the period. Belpointe Asset Management LLC's holdings in Northrop Grumman were worth $1,535,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. IMA Advisory Services Inc. acquired a new stake in Northrop Grumman in the first quarter worth $27,000. Saudi Central Bank acquired a new stake in Northrop Grumman in the first quarter worth $28,000. Banque Cantonale Vaudoise acquired a new position in shares of Northrop Grumman during the first quarter worth about $30,000. Wood Tarver Financial Group LLC acquired a new position in shares of Northrop Grumman during the fourth quarter worth about $32,000. Finally, Flaharty Asset Management LLC acquired a new position in shares of Northrop Grumman during the first quarter worth about $36,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Stock Performance

Shares of NYSE NOC traded down $1.40 during midday trading on Monday, hitting $574.56. 804,470 shares of the company's stock were exchanged, compared to its average volume of 959,020. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $600.99. The company's 50 day moving average price is $567.43 and its 200 day moving average price is $518.57. The firm has a market capitalization of $82.27 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 5.51 and a beta of 0.13.

Northrop Grumman (NYSE:NOC - Get Free Report) last issued its 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 return on equity of 25.52% and a net margin of 9.74%.The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same period in the previous year, the company posted $6.36 EPS. The firm's revenue for the quarter was up 1.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. As a group, analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $2.31 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $9.24 annualized dividend and a yield of 1.6%. Northrop Grumman's dividend payout ratio (DPR) is 34.06%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NOC shares. Barclays upped their price objective on Northrop Grumman from $500.00 to $580.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. boosted their price target on shares of Northrop Grumman from $480.00 to $585.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Truist Financial reissued a "buy" rating and set a $625.00 price target (up from $550.00) on shares of Northrop Grumman in a research report on Wednesday, July 23rd. Susquehanna boosted their price target on shares of Northrop Grumman from $557.00 to $650.00 and gave the stock a "positive" rating in a research report on Tuesday, July 22nd. Finally, Sanford C. Bernstein reissued a "market perform" rating on shares of Northrop Grumman in a research report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $588.85.

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.