Arista Wealth Management LLC Invests $2.11 Million in Northrop Grumman Corporation $NOC

Key Points

• Arista Wealth Management LLC has invested approximately $2.11 million in Northrop Grumman Corporation, acquiring 4,213 shares during the second quarter.
• Northrop Grumman reported a quarterly earnings per share (EPS) of $7.11, surpassing analysts' expectations and indicating a revenue growth of 1.3% year-over-year.
• Multiple analysts have recently raised their target prices for Northrop Grumman shares, with Bank of America increasing its target from $550 to $650, reflecting positive market sentiment.

Arista Wealth Management LLC acquired a new position in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,213 shares of the aerospace company's stock, valued at approximately $2,106,000.

A number of other hedge funds have also modified their holdings of the business. Stratos Wealth Partners LTD. increased its stake in shares of Northrop Grumman by 16.8% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 6,619 shares of the aerospace company's stock worth $3,310,000 after purchasing an additional 952 shares in the last quarter. Werba Rubin Papier Wealth Management purchased a new position in shares of Northrop Grumman during the 2nd quarter worth approximately $277,000. Evernest Financial Advisors LLC increased its stake in shares of Northrop Grumman by 12.6% during the 2nd quarter. Evernest Financial Advisors LLC now owns 789 shares of the aerospace company's stock worth $394,000 after purchasing an additional 88 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in Northrop Grumman in the 2nd quarter worth approximately $374,000. Finally, Patten & Patten Inc. TN grew its stake in Northrop Grumman by 9.2% in the 2nd quarter. Patten & Patten Inc. TN now owns 3,743 shares of the aerospace company's stock worth $1,871,000 after acquiring an additional 315 shares during the period. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Stock Down 1.7%

Shares of NYSE NOC opened at $598.74 on Friday. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $640.90. The firm has a fifty day moving average of $592.22 and a 200-day moving average of $536.46. The stock has a market capitalization of $85.73 billion, a PE ratio of 22.07, a P/E/G ratio of 5.92 and a beta of 0.10. 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 (NYSE:NOC - Get Free Report) last announced 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. The company had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.15 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The business's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have commented on NOC shares. Bank of America lifted their target price on shares of Northrop Grumman from $550.00 to $650.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Morgan Stanley lifted their target price on shares of Northrop Grumman from $625.00 to $720.00 and gave the stock an "overweight" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft set a $700.00 target price on shares of Northrop Grumman and gave the stock a "buy" rating in a research note on Wednesday, October 8th. Royal Bank Of Canada lifted their target price on shares of Northrop Grumman from $600.00 to $625.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Finally, Susquehanna lifted their target price on shares of Northrop Grumman from $557.00 to $650.00 and gave the stock a "positive" rating in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Northrop Grumman currently has an average rating of "Moderate Buy" and a consensus price target of $613.15.

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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