Yousif Capital Management LLC Sells 2,125 Shares of Northrop Grumman Corporation $NOC

Yousif Capital Management LLC lessened its stake in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 16.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,660 shares of the aerospace company's stock after selling 2,125 shares during the period. Yousif Capital Management LLC's holdings in Northrop Grumman were worth $5,330,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Northrop Grumman by 4.6% in the first quarter. Vanguard Group Inc. now owns 13,266,301 shares of the aerospace company's stock valued at $6,792,479,000 after buying an additional 588,520 shares during the period. Wellington Management Group LLP raised its stake in Northrop Grumman by 23.4% in the first quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company's stock valued at $2,631,390,000 after buying an additional 974,633 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Northrop Grumman by 10.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,241,144 shares of the aerospace company's stock valued at $1,147,489,000 after buying an additional 210,500 shares during the period. Invesco Ltd. raised its stake in Northrop Grumman by 12.1% in the first quarter. Invesco Ltd. now owns 1,944,186 shares of the aerospace company's stock valued at $995,443,000 after buying an additional 210,506 shares during the period. Finally, Royal Bank of Canada raised its stake in Northrop Grumman by 12.0% in the first quarter. Royal Bank of Canada now owns 1,115,625 shares of the aerospace company's stock valued at $571,211,000 after buying an additional 119,693 shares during the period. Institutional investors own 83.40% of the company's stock.

Analyst Upgrades and Downgrades

NOC has been the topic of several research analyst reports. Barclays upped their price objective on Northrop Grumman from $500.00 to $580.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft set a $700.00 target price on Northrop Grumman and gave the stock a "buy" rating in a research note on Wednesday, October 8th. Royal Bank Of Canada increased their target price on Northrop Grumman from $600.00 to $625.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Bank of America increased their target price on Northrop Grumman from $550.00 to $650.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen upgraded Northrop Grumman from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $601.00.

Northrop Grumman Price Performance

Northrop Grumman stock opened at $626.22 on Wednesday. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $640.90. The stock's fifty day moving average price is $591.60 and its two-hundred day moving average price is $535.36. 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 firm has a market cap of $89.66 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 6.01 and a beta of 0.10.

Northrop Grumman (NYSE:NOC - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $10.15 billion. During the same quarter in the prior year, the business posted $6.36 earnings per share. Northrop Grumman's 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. As a group, research analysts expect that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were given 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 yield of 1.5%. Northrop Grumman's dividend payout ratio is currently 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.

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