Consolidated Portfolio Review Corp Invests $400,000 in Northrop Grumman Corporation $NOC

Key Points

• Consolidated Portfolio Review Corp has invested $400,000 in Northrop Grumman Corporation by purchasing 800 shares in the second quarter.
• Northrop Grumman recently reported a quarterly earnings per share of $7.11, exceeding expected estimates, alongside a revenue of $10.35 billion for the quarter.
• The company has declared a quarterly dividend of $2.31 per share, translating to an annualized dividend yield of 1.5%.

Consolidated Portfolio Review Corp purchased a new stake in Northrop Grumman Corporation (NYSE:NOC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 800 shares of the aerospace company's stock, valued at approximately $400,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Redhawk Wealth Advisors Inc. raised its position in Northrop Grumman by 3.0% during the first quarter. Redhawk Wealth Advisors Inc. now owns 644 shares of the aerospace company's stock valued at $330,000 after buying an additional 19 shares during the period. Salvus Wealth Management LLC increased its holdings in shares of Northrop Grumman by 1.5% in the 1st quarter. Salvus Wealth Management LLC now owns 1,349 shares of the aerospace company's stock valued at $691,000 after purchasing an additional 20 shares during the period. Capital Investment Advisors LLC lifted its position in shares of Northrop Grumman by 1.0% in the second quarter. Capital Investment Advisors LLC now owns 2,049 shares of the aerospace company's stock worth $1,025,000 after purchasing an additional 20 shares in the last quarter. IAG Wealth Partners LLC lifted its position in shares of Northrop Grumman by 8.4% in the first quarter. IAG Wealth Partners LLC now owns 271 shares of the aerospace company's stock worth $139,000 after purchasing an additional 21 shares in the last quarter. Finally, Integrated Investment Consultants LLC boosted its holdings in shares of Northrop Grumman by 3.9% during the first quarter. Integrated Investment Consultants LLC now owns 553 shares of the aerospace company's stock worth $283,000 after purchasing an additional 21 shares during the period. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wells Fargo & Company reiterated an "overweight" rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. Barclays increased their price objective on Northrop Grumman from $500.00 to $580.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Sanford C. Bernstein restated a "market perform" rating on shares of Northrop Grumman in a research note on Monday, July 14th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $542.00 price target (down from $580.00) on shares of Northrop Grumman in a research note on Tuesday, July 8th. Finally, Wall Street Zen raised Northrop Grumman from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, Northrop Grumman has an average rating of "Moderate Buy" and an average target price of $588.85.

Northrop Grumman Stock Performance

NOC opened at $604.89 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The company has a market cap of $86.61 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 5.80 and a beta of 0.10. The stock has a 50-day moving average of $584.29 and a 200-day moving average of $528.24. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $610.85.

Northrop Grumman (NYSE:NOC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share for the quarter, beating analysts' consensus estimates of $6.84 by $0.27. The business had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.15 billion. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The firm's revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business earned $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. As a group, equities research analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently disclosed 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. This represents a $9.24 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman's dividend 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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