Focused Investors LLC Trims Holdings in Northrop Grumman Corporation $NOC

Key Points

• Focused Investors LLC has reduced its holdings in Northrop Grumman Corporation by 2.1%, owning 203,500 shares worth approximately $101.7 million at the end of the latest quarter.
• Northrop Grumman reported an earnings of $7.11 per share for the last quarter, surpassing analysts' expectations of $6.84, with a year-over-year revenue increase of 1.3%.
• The company recently announced a quarterly dividend of $2.31 per share, which represents an annualized yield of 1.5%, reflecting a payout ratio of 34.06%.

Focused Investors LLC trimmed its position in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 203,500 shares of the aerospace company's stock after selling 4,400 shares during the quarter. Northrop Grumman comprises 3.3% of Focused Investors LLC's holdings, making the stock its 17th largest position. Focused Investors LLC owned approximately 0.14% of Northrop Grumman worth $101,746,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of NOC. IMA Advisory Services Inc. acquired a new stake in shares of Northrop Grumman in the first quarter worth approximately $27,000. Saudi Central Bank acquired a new stake in shares of Northrop Grumman in the first quarter worth approximately $28,000. Banque Cantonale Vaudoise acquired a new stake in shares of Northrop Grumman in the first quarter worth approximately $30,000. Flaharty Asset Management LLC acquired a new stake in shares of Northrop Grumman in the first quarter worth approximately $36,000. Finally, Hollencrest Capital Management boosted its stake in shares of Northrop Grumman by 790.0% in the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company's stock worth $45,000 after acquiring an additional 79 shares during the last quarter. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Northrop Grumman Price Performance

NYSE:NOC opened at $622.00 on Wednesday. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $627.81. 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 company has a market capitalization of $89.06 billion, a P/E ratio of 22.93, a P/E/G ratio of 5.92 and a beta of 0.10. The stock's fifty day moving average is $587.11 and its two-hundred day moving average is $531.14.

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

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were given 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 payout ratio is currently 34.06%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NOC. Barclays lifted 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. JPMorgan Chase & Co. lifted their price objective on Northrop Grumman from $480.00 to $585.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada lifted their price objective on Northrop Grumman from $600.00 to $625.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Susquehanna lifted their price objective on 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 Northrop Grumman from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $588.85.

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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