Orion Capital Management LLC Purchases Shares of 468 Northrop Grumman Corporation $NOC

Key Points

• Orion Capital Management LLC has acquired 468 shares of Northrop Grumman Corporation, valued at approximately $240,000, as part of its recent investment activities.
• Northrop Grumman recently reported a quarterly earnings per share (EPS) of $7.11, exceeding estimates and leading to a revenue of $10.35 billion, a year-over-year increase of 1.3%.
• The company has declared a quarterly dividend of $2.31 per share, which will be paid on September 17th, representing a 1.6% yield based on an annualized dividend of $9.24.

Orion Capital Management LLC acquired a new position in Northrop Grumman Corporation (NYSE:NOC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 468 shares of the aerospace company's stock, valued at approximately $240,000.

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

Analyst Upgrades and Downgrades

NOC has been the topic of a number of recent analyst reports. Truist Financial reaffirmed a "buy" rating and issued a $625.00 target price (up previously from $550.00) on shares of Northrop Grumman in a research report on Wednesday, July 23rd. 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. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $542.00 target price (down previously from $580.00) on shares of Northrop Grumman in a research report on Tuesday, July 8th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Northrop Grumman in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. upped their target price on shares of Northrop Grumman from $480.00 to $585.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $588.85.

Insider Activity

In other Northrop Grumman news, CEO Kathy J. Warden sold 7,500 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $505.77, for a total value of $3,793,275.00. Following the transaction, the chief executive officer directly owned 201,602 shares in the company, valued at $101,964,243.54. This represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Roshan S. Roeder sold 991 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $490.00, for a total transaction of $485,590.00. Following the completion of the transaction, the vice president owned 319 shares in the company, valued at $156,310. This represents a 75.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,536 shares of company stock valued at $8,306,857 over the last three months. 0.23% of the stock is currently owned by corporate insiders.

Northrop Grumman Stock Up 0.2%

Shares of NOC stock traded up $1.16 during trading hours on Thursday, reaching $587.77. 479,045 shares of the stock were exchanged, compared to its average volume of 741,901. The business's fifty day moving average is $546.89 and its two-hundred day moving average is $506.93. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $600.99. The firm has a market capitalization of $84.16 billion, a P/E ratio of 21.67, a P/E/G ratio of 5.62 and a beta of 0.15.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share for the quarter, topping 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 firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same period in the prior year, the firm earned $6.36 earnings per share. The business's quarterly 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 announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd will be paid a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Northrop Grumman's dividend payout ratio is presently 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.