Autumn Glory Partners LLC Takes $231,000 Position in Northrop Grumman Corporation $NOC

Key Points

• Autumn Glory Partners LLC acquired a new position in Northrop Grumman Corporation worth approximately $231,000 during the second quarter, buying 462 shares of the company.
• Northrop Grumman reported $7.11 EPS for its latest quarter, exceeding analyst expectations and achieving revenue of $10.35 billion, up 1.3% from the prior year.
• The firm also announced a quarterly dividend of $2.31 per share, representing an annualized yield of 1.5% and a payout ratio of 34.06%.

Autumn Glory Partners LLC bought a new stake in Northrop Grumman Corporation (NYSE:NOC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 462 shares of the aerospace company's stock, valued at approximately $231,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC raised its stake in shares of Northrop Grumman by 33.2% in the second quarter. Valeo Financial Advisors LLC now owns 3,390 shares of the aerospace company's stock worth $1,695,000 after purchasing an additional 845 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in Northrop Grumman by 5.7% during the 2nd quarter. DAVENPORT & Co LLC now owns 4,676 shares of the aerospace company's stock valued at $2,338,000 after acquiring an additional 253 shares during the period. Woodmont Investment Counsel LLC boosted its holdings in shares of Northrop Grumman by 40.4% in the 2nd quarter. Woodmont Investment Counsel LLC now owns 862 shares of the aerospace company's stock valued at $431,000 after acquiring an additional 248 shares during the last quarter. Glass Wealth Management Co LLC increased its stake in shares of Northrop Grumman by 1.5% in the second quarter. Glass Wealth Management Co LLC now owns 8,125 shares of the aerospace company's stock worth $4,062,000 after acquiring an additional 120 shares during the period. Finally, Global Assets Advisory LLC purchased a new position in shares of Northrop Grumman during the second quarter worth $415,000. Institutional investors and hedge funds own 83.40% of the company's stock.

Northrop Grumman Trading Up 0.9%

Shares of NYSE:NOC opened at $610.32 on Monday. The business's 50 day moving average price is $585.11 and its 200-day moving average price is $529.61. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $610.85. The firm has a market capitalization of $87.39 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 5.84 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 (NYSE:NOC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $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. On average, equities research analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

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

Analysts Set New Price Targets

Several research firms have commented on NOC. Wall Street Zen raised shares of Northrop Grumman from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Robert W. Baird boosted 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. JPMorgan Chase & Co. lifted their price target on Northrop Grumman from $480.00 to $585.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company reissued an "overweight" rating on shares of Northrop Grumman in a report on Tuesday, July 22nd. Finally, Susquehanna raised their price objective 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 investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $588.85.

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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