Dynamic Advisor Solutions LLC Raises Stake in Northrop Grumman Corporation $NOC

Dynamic Advisor Solutions LLC grew its stake in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 5.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,718 shares of the aerospace company's stock after buying an additional 676 shares during the period. Dynamic Advisor Solutions LLC's holdings in Northrop Grumman were worth $6,359,000 at the end of the most recent reporting period.

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Several other large investors have also modified their holdings of the stock. Redhawk Wealth Advisors Inc. boosted its holdings in shares of Northrop Grumman by 3.0% in the 1st quarter. Redhawk Wealth Advisors Inc. now owns 644 shares of the aerospace company's stock valued at $330,000 after buying an additional 19 shares in the last quarter. Salvus Wealth Management LLC raised its position in Northrop Grumman by 1.5% in the 1st quarter. Salvus Wealth Management LLC now owns 1,349 shares of the aerospace company's stock valued at $691,000 after purchasing an additional 20 shares during the last quarter. IAG Wealth Partners LLC raised its position in Northrop Grumman by 8.4% in the 1st quarter. IAG Wealth Partners LLC now owns 271 shares of the aerospace company's stock valued at $139,000 after purchasing an additional 21 shares during the last quarter. Integrated Investment Consultants LLC raised its position in Northrop Grumman by 3.9% in the 1st quarter. Integrated Investment Consultants LLC now owns 553 shares of the aerospace company's stock valued at $283,000 after purchasing an additional 21 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG raised its position in Northrop Grumman by 2.2% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,006 shares of the aerospace company's stock valued at $472,000 after purchasing an additional 22 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company's stock.

Northrop Grumman Stock Performance

Northrop Grumman stock opened at $579.19 on Wednesday. The company has a market cap of $82.93 billion, a PE ratio of 21.35, a P/E/G ratio of 5.50 and a beta of 0.13. The company has a fifty day moving average price of $570.25 and a two-hundred day moving average price of $519.78. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $600.99.

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Northrop Grumman (NYSE:NOC - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.84 by $0.27. The company had revenue of $10.35 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the business posted $6.36 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Research analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

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 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Northrop Grumman's dividend payout ratio (DPR) is presently 34.06%.

Wall Street Analysts Forecast Growth

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Several analysts recently commented on the stock. Wall Street Zen upgraded shares of Northrop Grumman from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Royal Bank Of Canada upped their price objective on shares of Northrop Grumman from $600.00 to $625.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Wells Fargo & Company restated an "overweight" rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. upped their price objective on shares of Northrop Grumman from $480.00 to $585.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Bank of America upped their price objective on shares of Northrop Grumman from $550.00 to $650.00 and gave the stock a "buy" rating in a research report 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. According to data from MarketBeat.com, Northrop Grumman has an average rating of "Moderate Buy" and an average price target of $588.85.

Check Out Our Latest Stock Analysis on Northrop Grumman

About Northrop Grumman

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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