3Chopt Investment Partners LLC Purchases 474 Shares of Northrop Grumman Corporation $NOC

Key Points

• 3Chopt Investment Partners LLC increased its holdings in Northrop Grumman by 26.3% during the 2nd quarter, acquiring an additional 474 shares, bringing its total holdings to 2,273 shares valued at $1.136 million.
• Multiple research firms have raised their price targets for Northrop Grumman, with a consensus rating of "Moderate Buy" and an average target price of $601.00.
• Northrop Grumman reported $7.11 earnings per share for the last quarter, exceeding estimates, and declared a quarterly dividend of $2.31, reflecting a 1.5% dividend yield.

3Chopt Investment Partners LLC grew its position in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 26.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,273 shares of the aerospace company's stock after buying an additional 474 shares during the quarter. 3Chopt Investment Partners LLC's holdings in Northrop Grumman were worth $1,136,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. IMA Advisory Services Inc. purchased a new stake in shares of Northrop Grumman during the first quarter valued at approximately $27,000. Saudi Central Bank bought a new position in Northrop Grumman in the 1st quarter valued at $28,000. Banque Cantonale Vaudoise purchased a new position in shares of Northrop Grumman in the 1st quarter worth about $30,000. Flaharty Asset Management LLC purchased a new position in shares of Northrop Grumman in the 1st quarter worth about $36,000. Finally, Hollencrest Capital Management boosted its holdings in shares of Northrop Grumman by 790.0% in the 1st quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company's stock worth $45,000 after buying an additional 79 shares during the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NOC has been the topic of several research reports. Susquehanna lifted their price objective on shares of Northrop Grumman from $557.00 to $650.00 and gave the stock a "positive" rating in a research report on Tuesday, July 22nd. Barclays lifted their price target on shares of Northrop Grumman from $500.00 to $580.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Wells Fargo & Company reissued an "overweight" rating on shares of Northrop Grumman in a report on Tuesday, July 22nd. Robert W. Baird increased their price objective on Northrop Grumman from $547.00 to $565.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Northrop Grumman in a research report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $601.00.

Northrop Grumman Stock Down 0.4%

NOC opened at $635.23 on Friday. The company has a fifty day moving average price of $589.59 and a 200-day moving average price of $532.84. The firm has a market capitalization of $90.95 billion, a P/E ratio of 23.41, a price-to-earnings-growth ratio of 6.10 and a beta of 0.10. 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 one year low of $426.24 and a one year high of $640.90.

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 (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 during the quarter, compared to analyst estimates of $10.15 billion. During the same quarter last year, the company earned $6.36 earnings per share. The firm's quarterly revenue was up 1.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Equities research analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were given a $2.31 dividend. This represents a $9.24 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman's dividend payout ratio is 34.06%.

Northrop Grumman 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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