Appleton Partners Inc. MA Has $10.70 Million Holdings in Northrop Grumman Corporation $NOC

Key Points

• Appleton Partners Inc. MA increased its holdings in Northrop Grumman Corporation by 2.6%, owning 21,391 shares worth approximately $10.70 million.
• Northrop Grumman reported a strong quarterly earnings performance, with earnings per share of $7.11 surpassing estimates, and revenues increased by 1.3% year-over-year.
• The aerospace company declared a quarterly dividend of $2.31 per share, reflecting an annualized dividend of $9.24 and a yield of 1.5%.

Appleton Partners Inc. MA lifted its position in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,391 shares of the aerospace company's stock after purchasing an additional 535 shares during the quarter. Appleton Partners Inc. MA's holdings in Northrop Grumman were worth $10,695,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. IMA Advisory Services Inc. acquired a new stake in Northrop Grumman in the 1st quarter valued at $27,000. Saudi Central Bank bought a new position in Northrop Grumman in the 1st quarter valued at $28,000. Banque Cantonale Vaudoise bought a new stake in shares of Northrop Grumman during the first quarter worth $30,000. Flaharty Asset Management LLC bought a new stake in shares of Northrop Grumman during the first quarter worth $36,000. Finally, Hollencrest Capital Management raised its position in shares of Northrop Grumman by 790.0% during the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company's stock worth $45,000 after acquiring an additional 79 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company's stock.

Northrop Grumman Stock Up 0.9%

Shares of NYSE:NOC opened at $610.32 on Monday. The business has a fifty day simple moving average of $585.11 and a 200 day simple moving average of $529.61. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $610.85. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The firm has a market cap of $87.39 billion, a P/E ratio of 22.50, a P/E/G ratio of 5.84 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 return on equity of 25.52% and a net margin of 9.74%.The firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same period last year, the company posted $6.36 EPS. The business'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. Analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

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

Analyst Upgrades and Downgrades

NOC has been the subject of a number of recent 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 report on Tuesday, July 29th. Wall Street Zen raised Northrop Grumman from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Northrop Grumman in a research report on Saturday, September 27th. Royal Bank Of Canada increased their price target on Northrop Grumman from $600.00 to $625.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Finally, Robert W. Baird upped their price objective on Northrop Grumman from $547.00 to $565.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $588.85.

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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