Sivia Capital Partners LLC Sells 515 Shares of Northrop Grumman Corporation $NOC

Key Points

• Sivia Capital Partners LLC has significantly reduced its stake in Northrop Grumman Corporation by 52.2%, selling 515 shares and retaining a total of 472 shares worth $236,000 at the end of the last quarter.
• Several hedge funds have increased their positions in Northrop Grumman, with a notable 206.2% increase from Golden State Wealth Management, and a consensus target price of $588.85 among analysts.
• Northrop Grumman reported $7.11 earnings per share for the last quarter, surpassing estimates, and announced a quarterly dividend of $2.31, equating to a 1.6% yield.

Sivia Capital Partners LLC reduced its holdings in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 52.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 472 shares of the aerospace company's stock after selling 515 shares during the quarter. Sivia Capital Partners LLC's holdings in Northrop Grumman were worth $236,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of NOC. IMA Advisory Services Inc. acquired a new position in Northrop Grumman during the 1st quarter worth about $27,000. Saudi Central Bank acquired a new position in shares of Northrop Grumman during the first quarter worth approximately $28,000. Banque Cantonale Vaudoise acquired a new position in shares of Northrop Grumman during the first quarter worth approximately $30,000. Wood Tarver Financial Group LLC acquired a new position in shares of Northrop Grumman during the fourth quarter worth approximately $32,000. Finally, Flaharty Asset Management LLC acquired a new position in shares of Northrop Grumman during the first quarter worth approximately $36,000. Institutional investors and hedge funds own 83.40% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on NOC shares. Truist Financial reaffirmed a "buy" rating and set a $625.00 price objective (up previously from $550.00) on shares of Northrop Grumman in a report on Wednesday, July 23rd. Royal Bank Of Canada upped their price target on Northrop Grumman from $600.00 to $625.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $542.00 price target (down previously from $580.00) on shares of Northrop Grumman in a research note on Tuesday, July 8th. Barclays upped their target price on shares of Northrop Grumman from $500.00 to $580.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. Finally, Wells Fargo & Company restated an "overweight" rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $588.85.

Northrop Grumman Price Performance

NYSE:NOC traded down $1.94 during mid-day trading on Friday, reaching $571.81. The stock had a trading volume of 1,478,206 shares, compared to its average volume of 649,222. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $600.99. The stock has a 50-day simple moving average of $573.98 and a two-hundred day simple moving average of $521.93. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The stock has a market capitalization of $81.87 billion, a PE ratio of 21.08, a P/E/G ratio of 5.49 and a beta of 0.13.

Northrop Grumman (NYSE:NOC - Get Free Report) last issued its quarterly 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 last year, the company posted $6.36 EPS. The company'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, equities analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were issued a dividend of $2.31 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $9.24 annualized dividend and a dividend yield of 1.6%. Northrop Grumman's payout ratio is 34.06%.

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.