Kapitalo Investimentos Ltda Purchases Shares of 33,700 Northrop Grumman Corporation $NOC

Key Points

• Kapitalo Investimentos Ltda has acquired a new stake in Northrop Grumman, purchasing 33,700 shares valued at approximately $16.8 million, making it the firm's sixth largest holding.
• Northrop Grumman reported a quarterly earnings per share of $7.11, exceeding analysts' expectations, along with a revenue of $10.35 billion.
• The company's recent dividend of $2.31 per share, which represents a 1.6% yield, reflects a payout ratio of 34.06%.

Kapitalo Investimentos Ltda acquired a new position in Northrop Grumman Corporation (NYSE:NOC - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 33,700 shares of the aerospace company's stock, valued at approximately $16,849,000. Northrop Grumman comprises about 3.7% of Kapitalo Investimentos Ltda's investment portfolio, making the stock its 6th largest position.

A number of other institutional investors have also recently bought and sold shares of NOC. Brookstone Capital Management increased its position in Northrop Grumman by 121.0% in the first quarter. Brookstone Capital Management now owns 6,640 shares of the aerospace company's stock worth $3,400,000 after buying an additional 3,635 shares during the last quarter. GAM Holding AG increased its holdings in Northrop Grumman by 51.9% in the 1st quarter. GAM Holding AG now owns 2,338 shares of the aerospace company's stock worth $1,197,000 after acquiring an additional 799 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Northrop Grumman in the 1st quarter valued at about $33,090,000. Golden State Wealth Management LLC lifted its holdings in Northrop Grumman by 206.2% during the first quarter. Golden State Wealth Management LLC now owns 2,771 shares of the aerospace company's stock valued at $1,421,000 after purchasing an additional 1,866 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in Northrop Grumman by 18.8% during the first quarter. Bessemer Group Inc. now owns 795,839 shares of the aerospace company's stock worth $407,477,000 after purchasing an additional 125,693 shares during the period. Institutional investors own 83.40% of the company's stock.

Analysts Set New Price Targets

NOC has been the topic of a number of recent research reports. Sanford C. Bernstein restated a "market perform" rating on shares of Northrop Grumman in a research note on Monday, July 14th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $542.00 target price (down previously from $580.00) on shares of Northrop Grumman in a research report on Tuesday, July 8th. Wall Street Zen upgraded Northrop Grumman from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Susquehanna increased their price objective on Northrop Grumman from $557.00 to $650.00 and gave the stock a "positive" rating in a report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. lifted their target price on Northrop Grumman from $480.00 to $585.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. One research 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $588.85.

Northrop Grumman Price Performance

Shares of NYSE NOC traded up $3.57 during trading hours on Monday, reaching $576.60. 566,654 shares of the stock traded hands, compared to its average volume of 692,305. The company has a market capitalization of $82.56 billion, a P/E ratio of 21.25, a price-to-earnings-growth ratio of 5.49 and a beta of 0.13. The company's 50-day simple moving average is $575.08 and its two-hundred day simple moving average is $522.88. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $600.99.

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, beating analysts' consensus estimates of $6.84 by $0.27. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The company had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same period in the prior year, the business posted $6.36 EPS. The firm'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. Equities research analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

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

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.