Callan Family Office LLC Raises Position in Northrop Grumman Corporation $NOC

Key Points

• Callan Family Office LLC increased its stake in Northrop Grumman Corporation by 119.6%, owning 2,576 shares worth approximately $1.29 million as of the end of the recent quarter.
• Analysts have raised their price targets for Northrop Grumman, with Bank of America increasing its target from $550 to $650, while Barclays set a target of $580, reflecting growing confidence in the company's prospects.
• Northrop Grumman recently announced a quarterly dividend of $2.31 per share, resulting in an annualized dividend of $9.24 and a yield of 1.5% for shareholders.

Callan Family Office LLC grew its holdings in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 119.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,576 shares of the aerospace company's stock after purchasing an additional 1,403 shares during the quarter. Callan Family Office LLC's holdings in Northrop Grumman were worth $1,288,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in NOC. IMA Advisory Services Inc. purchased a new position in shares of Northrop Grumman during the 1st quarter worth $27,000. Saudi Central Bank purchased a new position in shares of Northrop Grumman during the 1st quarter worth $28,000. Banque Cantonale Vaudoise purchased a new position in shares of Northrop Grumman during the 1st quarter worth $30,000. Flaharty Asset Management LLC purchased a new position in shares of Northrop Grumman during the 1st quarter worth $36,000. Finally, Hollencrest Capital Management lifted its stake in shares of Northrop Grumman by 790.0% during the 1st quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company's stock worth $45,000 after purchasing an additional 79 shares during the period. Hedge funds and other institutional investors own 83.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NOC shares. Barclays increased their price target on Northrop Grumman from $500.00 to $580.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 29th. Robert W. Baird lifted their target price on Northrop Grumman from $547.00 to $565.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Wells Fargo & Company reiterated an "overweight" rating on shares of Northrop Grumman in a report on Tuesday, July 22nd. Bank of America lifted their target price on Northrop Grumman from $550.00 to $650.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen upgraded Northrop Grumman from a "hold" rating to a "buy" rating in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $601.00.

Northrop Grumman Trading Down 1.8%

Shares of NOC opened at $623.51 on Monday. The stock's 50-day moving average is $590.32 and its two-hundred day moving average is $533.98. The stock has a market cap of $89.27 billion, a PE ratio of 22.98, a P/E/G ratio of 6.06 and a beta of 0.10. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $640.90. 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 data on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, topping analysts' consensus estimates of $6.84 by $0.27. The company had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $10.15 billion. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The firm's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.36 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Equities analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

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

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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