GC Wealth Management RIA LLC Makes New Investment in Northrop Grumman Corporation $NOC

Key Points

• GC Wealth Management RIA LLC has made a new investment in Northrop Grumman Corporation, purchasing 992 shares valued at approximately $496,000 during the 2nd quarter.
• Northrop Grumman reported better-than-expected quarterly earnings with an EPS of $7.11, surpassing the consensus estimate of $6.84, and a revenue of $10.35 billion.
• The company recently declared a quarterly dividend of $2.31 per share, with an annualized yield of 1.5% and a payout ratio of 34.06%.

GC Wealth Management RIA LLC bought a new position in Northrop Grumman Corporation (NYSE:NOC - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 992 shares of the aerospace company's stock, valued at approximately $496,000.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Northrop Grumman by 176.3% during the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company's stock worth $1,394,000 after acquiring an additional 1,895 shares in the last quarter. Bison Wealth LLC boosted its stake in shares of Northrop Grumman by 5.3% during the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company's stock worth $301,000 after acquiring an additional 32 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in shares of Northrop Grumman by 31.3% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,738 shares of the aerospace company's stock worth $890,000 after acquiring an additional 414 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of Northrop Grumman during the 1st quarter worth about $324,000. Finally, Merit Financial Group LLC boosted its stake in shares of Northrop Grumman by 90.6% during the 1st quarter. Merit Financial Group LLC now owns 6,663 shares of the aerospace company's stock worth $3,412,000 after acquiring an additional 3,167 shares in the last quarter. 83.40% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Trading Up 2.6%

Northrop Grumman stock opened at $609.53 on Wednesday. The business has a 50 day moving average price of $582.80 and a two-hundred day moving average price of $526.91. 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 market cap of $87.27 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 5.69 and a beta of 0.13. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $610.12.

Northrop Grumman (NYSE:NOC - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, beating the consensus estimate of $6.84 by $0.27. The firm had revenue of $10.35 billion during 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 company's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. As a group, equities analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently issued reports on NOC. Sanford C. Bernstein reiterated a "market perform" rating on shares of Northrop Grumman in a research note on Monday, July 14th. Barclays upped 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. Susquehanna increased their target price on Northrop Grumman from $557.00 to $650.00 and gave the company a "positive" rating in a research note on Tuesday, July 22nd. Truist Financial restated a "buy" rating and set a $625.00 target price (up previously from $550.00) on shares of Northrop Grumman in a research note on Wednesday, July 23rd. Finally, Wall Street Zen upgraded 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 given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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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