Clare Market Investments LLC Acquires Shares of 940 Northrop Grumman Corporation $NOC

Key Points

• Clare Market Investments LLC has acquired a new position in Northrop Grumman Corporation, purchasing 940 shares valued at approximately $470,000.
• Northrop Grumman reported $7.11 earnings per share, exceeding analysts' expectations and marking a year-over-year increase in revenue.
• The company's quarterly dividend declared was $2.31 per share, representing an annualized yield of 1.6% and a payout ratio of 34.06%.

Clare Market Investments LLC bought a new position in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 940 shares of the aerospace company's stock, valued at approximately $470,000.

A number of other large investors have also recently bought and sold shares of NOC. IMA Advisory Services Inc. bought a new position in shares of Northrop Grumman during the 1st quarter worth about $27,000. Saudi Central Bank bought a new stake in Northrop Grumman in the 1st quarter worth approximately $28,000. Banque Cantonale Vaudoise bought a new position in shares of Northrop Grumman during the first quarter valued at about $30,000. Wood Tarver Financial Group LLC bought a new stake in shares of Northrop Grumman during the fourth quarter valued at approximately $32,000. Finally, Flaharty Asset Management LLC purchased a new stake in shares of Northrop Grumman during the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 83.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NOC. Barclays lifted their target price on Northrop Grumman from $500.00 to $580.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Wall Street Zen upgraded shares of Northrop Grumman from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Sanford C. Bernstein reissued a "market perform" rating on shares of Northrop Grumman in a research note on Monday, July 14th. Royal Bank Of Canada raised their price objective on shares of Northrop Grumman from $600.00 to $625.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. upped their price target on Northrop Grumman from $480.00 to $585.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $588.85.

Northrop Grumman Price Performance

NYSE:NOC traded down $1.94 during trading hours on Friday, reaching $571.81. The company had a trading volume of 1,478,206 shares, compared to its average volume of 649,222. 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 stock has a 50-day moving average of $573.98 and a two-hundred day moving average of $521.93. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $600.99. The firm has a market capitalization of $81.87 billion, a PE ratio of 21.08, a PEG ratio of 5.49 and a beta of 0.13.

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 (EPS) 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 for the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter in the prior year, the business earned $6.36 EPS. The business's revenue for the quarter 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. Analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

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. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman's payout ratio is currently 34.06%.

Northrop Grumman Company 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.