Northrop Grumman Corporation $NOC Shares Sold by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC reduced its stake in Northrop Grumman Corporation by 16.7%, now holding 53,833 shares valued at approximately $26.9 million.
• Northrop Grumman reported earnings per share (EPS) of $7.11 in its latest quarterly earnings, exceeding analysts' estimates of $6.84, with revenues of $10.35 billion.
• The company has set its FY 2025 guidance for EPS between 25.000-25.400, signaling expected growth despite recent stock performance.

Janney Montgomery Scott LLC reduced its stake in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 16.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,833 shares of the aerospace company's stock after selling 10,794 shares during the period. Janney Montgomery Scott LLC's holdings in Northrop Grumman were worth $26,916,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. IMA Advisory Services Inc. acquired a new stake in Northrop Grumman in the 1st quarter valued at $27,000. Saudi Central Bank acquired a new stake in Northrop Grumman in the 1st quarter valued at $28,000. Banque Cantonale Vaudoise acquired a new stake in Northrop Grumman in the 1st quarter valued at $30,000. Flaharty Asset Management LLC acquired a new stake in Northrop Grumman in the 1st quarter valued at $36,000. Finally, Hollencrest Capital Management increased its holdings in Northrop Grumman by 790.0% in the 1st quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company's stock valued at $45,000 after purchasing an additional 79 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Stock Down 0.6%

NYSE:NOC opened at $605.72 on Thursday. The company has a market capitalization of $86.73 billion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 5.83 and a beta of 0.10. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $610.85. The stock has a 50-day simple moving average of $583.57 and a 200 day simple moving average of $527.45. 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 posted its quarterly 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. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.15 billion. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The company's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned $6.36 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Sell-side analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were issued a $2.31 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $9.24 dividend on an annualized basis and a yield of 1.5%. Northrop Grumman's dividend payout ratio (DPR) is currently 34.06%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $542.00 target price (down from $580.00) on shares of Northrop Grumman in a research note on Tuesday, July 8th. Royal Bank Of Canada raised their target price on Northrop Grumman from $600.00 to $625.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Sanford C. Bernstein restated a "market perform" rating on shares of Northrop Grumman in a research note on Monday, July 14th. Robert W. Baird raised their target price on Northrop Grumman from $547.00 to $565.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. raised their target price on Northrop Grumman from $480.00 to $585.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Northrop Grumman has a consensus rating of "Moderate Buy" and an average 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.

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