Plancorp LLC Buys Shares of 440 Northrop Grumman Corporation $NOC

Plancorp LLC acquired a new position in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 440 shares of the aerospace company's stock, valued at approximately $225,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Northrop Grumman by 4.6% during the first quarter. Vanguard Group Inc. now owns 13,266,301 shares of the aerospace company's stock worth $6,792,479,000 after buying an additional 588,520 shares during the period. Wellington Management Group LLP boosted its stake in Northrop Grumman by 23.4% during the first quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company's stock worth $2,631,390,000 after buying an additional 974,633 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Northrop Grumman by 10.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,241,144 shares of the aerospace company's stock worth $1,147,489,000 after buying an additional 210,500 shares during the period. Invesco Ltd. boosted its stake in Northrop Grumman by 12.1% during the first quarter. Invesco Ltd. now owns 1,944,186 shares of the aerospace company's stock worth $995,443,000 after buying an additional 210,506 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Northrop Grumman by 55,522.3% during the first quarter. GAMMA Investing LLC now owns 1,520,158 shares of the aerospace company's stock worth $778,336,000 after buying an additional 1,517,425 shares during the period. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Stock Down 1.2%

Shares of NOC stock traded down $7.04 on Friday, hitting $575.91. The stock had a trading volume of 717,854 shares, compared to its average volume of 602,484. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The business has a 50 day moving average price of $567.43 and a 200 day moving average price of $517.73. The company has a market cap of $82.46 billion, a PE ratio of 21.23, a P/E/G ratio of 5.58 and a beta of 0.13. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $600.99.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share for the quarter, beating the consensus estimate of $6.84 by $0.27. The firm 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 firm's quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $6.36 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Research analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Royal Bank Of Canada lifted their target price on Northrop Grumman from $600.00 to $625.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. lifted their target price on Northrop Grumman from $480.00 to $585.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Barclays lifted their target price 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. Bank of America lifted their target price on Northrop Grumman from $550.00 to $650.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Robert W. Baird lifted their target price on Northrop Grumman from $547.00 to $565.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, Northrop Grumman has an average rating of "Moderate Buy" and an average price target of $588.85.

Northrop Grumman Company 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.