Northrop Grumman Corporation $NOC Shares Sold by Logan Capital Management Inc.

Key Points

• Logan Capital Management Inc. reduced its stake in Northrop Grumman Corporation by 6.7% in the first quarter, now holding 6,120 shares valued at approximately $3.13 million after selling 441 shares.
• Wall Street analysts have given Northrop Grumman an average rating of Moderate Buy, with a price target increase from $480 to $625 by various firms.
• Northrop Grumman recently announced a quarterly dividend of $2.31 per share, representing a 1.6% yield and a payout ratio of 34.06%.

Logan Capital Management Inc. trimmed its holdings in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 6.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,120 shares of the aerospace company's stock after selling 441 shares during the quarter. Logan Capital Management Inc.'s holdings in Northrop Grumman were worth $3,133,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. IMA Advisory Services Inc. bought a new stake in shares of Northrop Grumman during the first quarter worth $27,000. Saudi Central Bank bought a new stake in shares of Northrop Grumman during the first quarter worth $28,000. Banque Cantonale Vaudoise bought a new stake in shares of Northrop Grumman during the first quarter worth $30,000. Wood Tarver Financial Group LLC bought a new stake in shares of Northrop Grumman in the fourth quarter valued at about $32,000. Finally, Hollencrest Capital Management raised 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 acquiring an additional 79 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Stock Down 1.2%

NOC traded down $7.04 on Friday, hitting $575.91. The company had a trading volume of 717,854 shares, compared to its average volume of 602,484. The stock has a fifty day moving average price of $567.43 and a 200-day moving average price of $517.73. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $600.99. 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 stock has a market capitalization of $82.46 billion, a price-to-earnings ratio of 21.23, a P/E/G ratio of 5.58 and a beta of 0.13.

Northrop Grumman (NYSE:NOC - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $10.15 billion. During the same quarter in the previous year, the firm earned $6.36 earnings per share. The firm's quarterly revenue 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. Analysts predict that Northrop Grumman Corporation will post 28.05 EPS 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. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $2.31 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $9.24 annualized dividend and a dividend yield of 1.6%. Northrop Grumman's dividend payout ratio is 34.06%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NOC shares. Barclays lifted their price objective on Northrop Grumman from $500.00 to $580.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Royal Bank Of Canada lifted their price objective on Northrop Grumman from $600.00 to $625.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Sanford C. Bernstein restated a "market perform" rating on shares of Northrop Grumman in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $542.00 price objective (down from $580.00) on shares of Northrop Grumman in a report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Northrop Grumman from $480.00 to $585.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, Northrop Grumman has an average rating of "Moderate Buy" and an average price target of $588.85.

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.