Financial Designs Corp Purchases New Position in Northrop Grumman Corporation $NOC

Key Points

• Financial Designs Corp acquired a new stake in Northrop Grumman Corporation, purchasing 613 shares worth approximately $306,000, making NOC the fund's 28th largest position.
• Analysts have raised their price targets for NOC, with Barclays increasing it from $500 to $580 and Royal Bank of Canada from $600 to $625, reflecting a generally positive outlook for the stock.
• Northrop Grumman recently announced a quarterly dividend of $2.31 per share, with an annualized yield of 1.6% and a dividend payout ratio of 34.06%.

Financial Designs Corp acquired a new stake in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 613 shares of the aerospace company's stock, valued at approximately $306,000. Northrop Grumman accounts for approximately 0.2% of Financial Designs Corp's investment portfolio, making the stock its 28th biggest position.

A number of other hedge funds also recently modified their holdings of the business. Brighton Jones LLC boosted its position in shares of Northrop Grumman by 176.3% during the fourth quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company's stock worth $1,394,000 after buying an additional 1,895 shares during the period. Bison Wealth LLC lifted its stake in Northrop Grumman by 5.3% in the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company's stock valued at $301,000 after acquiring an additional 32 shares in the last quarter. Versant Capital Management Inc boosted its position in Northrop Grumman by 160.6% during the 1st quarter. Versant Capital Management Inc now owns 563 shares of the aerospace company's stock worth $288,000 after acquiring an additional 347 shares during the last quarter. Quent Capital LLC grew its stake in shares of Northrop Grumman by 11.6% during the 1st quarter. Quent Capital LLC now owns 644 shares of the aerospace company's stock worth $330,000 after acquiring an additional 67 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Northrop Grumman by 4.5% in the first quarter. Parallel Advisors LLC now owns 3,063 shares of the aerospace company's stock valued at $1,568,000 after purchasing an additional 132 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company's stock.

Analyst Upgrades and Downgrades

NOC has been the subject of several recent research reports. Barclays increased their target price on shares of Northrop Grumman from $500.00 to $580.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Robert W. Baird upped their price objective on Northrop Grumman from $547.00 to $565.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada increased their price target on Northrop Grumman from $600.00 to $625.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Susquehanna lifted their price objective on shares of Northrop Grumman from $557.00 to $650.00 and gave the stock a "positive" rating in a research report on Tuesday, July 22nd. Finally, Wall Street Zen upgraded shares of Northrop Grumman from a "hold" rating to a "buy" rating in a report 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $588.85.

Northrop Grumman Stock Up 1.5%

NYSE NOC opened at $594.50 on Friday. The company has a market cap of $85.12 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 5.69 and a beta of 0.13. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The company has a 50 day moving average of $580.34 and a 200-day moving average of $525.34. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $600.99.

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 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%.Northrop Grumman's revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business earned $6.36 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, equities research analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were issued 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 dividend payout ratio (DPR) 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.

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