Northrop Grumman Corporation $NOC Shares Sold by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. decreased its stake in Northrop Grumman Corporation by 65.0%, selling 6,048 shares and holding 3,263 shares worth approximately $1.64 million as of the latest SEC filing.
• Northrop Grumman reported $7.11 EPS for the last quarter, surpassing analysts' estimates of $6.84, with revenue of $10.35 billion, a 1.3% increase year-over-year.
• The company announced a quarterly dividend of $2.31 per share with a yield of 1.5%, while maintaining a payout ratio of 34.06%.

Atria Wealth Solutions Inc. decreased its stake in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 65.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,263 shares of the aerospace company's stock after selling 6,048 shares during the period. Atria Wealth Solutions Inc.'s holdings in Northrop Grumman were worth $1,636,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in Northrop Grumman by 176.3% during the fourth quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company's stock worth $1,394,000 after acquiring an additional 1,895 shares during the last quarter. Bison Wealth LLC raised its position in Northrop Grumman by 5.3% during the fourth quarter. Bison Wealth LLC now owns 641 shares of the aerospace company's stock worth $301,000 after acquiring an additional 32 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Northrop Grumman by 8.6% during the first quarter. GAMMA Investing LLC now owns 2,969 shares of the aerospace company's stock worth $1,520,000 after buying an additional 236 shares in the last quarter. Ritholtz Wealth Management grew its holdings in shares of Northrop Grumman by 31.5% during the first quarter. Ritholtz Wealth Management now owns 1,794 shares of the aerospace company's stock worth $919,000 after buying an additional 430 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Northrop Grumman by 10.5% during the first quarter. Exchange Traded Concepts LLC now owns 1,944 shares of the aerospace company's stock worth $995,000 after buying an additional 184 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company's stock.

Northrop Grumman Trading Down 2.8%

Shares of NOC stock opened at $609.26 on Thursday. The stock has a market cap of $87.23 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 6.09 and a beta of 0.10. 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 fifty-two week low of $426.24 and a fifty-two week high of $640.90. The firm's 50 day moving average price is $592.00 and its two-hundred day moving average price is $535.87.

Northrop Grumman (NYSE:NOC - Get Free Report) last posted its earnings results 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 business had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $10.15 billion. During the same period in the previous year, the company posted $6.36 earnings per share. The business'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. On average, analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were given 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 payout ratio is presently 34.06%.

Wall Street Analyst Weigh In

NOC has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Northrop Grumman from $480.00 to $585.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Susquehanna lifted their price target on shares of Northrop Grumman from $557.00 to $650.00 and gave the stock a "positive" rating in a report on Tuesday, July 22nd. Morgan Stanley lifted their price target on shares of Northrop Grumman from $625.00 to $720.00 and gave the stock an "overweight" rating in a report on Wednesday. Barclays lifted their price target on shares of Northrop Grumman from $500.00 to $580.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Finally, Wells Fargo & Company reiterated an "overweight" rating on shares of Northrop Grumman in a report on Tuesday, July 22nd. One 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 company's stock. According to MarketBeat.com, Northrop Grumman currently has a consensus rating of "Moderate Buy" and an average price target of $613.15.

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.

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