IFM Investors Pty Ltd Has $5.93 Million Stock Position in Northrop Grumman Corporation $NOC

Key Points

• IFM Investors Pty Ltd increased its stake in Northrop Grumman by 7.1% during the second quarter, owning 11,852 shares now valued at approximately $5.9 million.
• Northrop Grumman reported a quarterly earnings per share (EPS) of $7.11, exceeding the consensus estimate of $6.84, alongside a revenue of $10.35 billion.
• The company recently declared a quarterly dividend of $2.31, resulting in an annualized dividend yield of 1.6%.

IFM Investors Pty Ltd boosted its holdings in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 7.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,852 shares of the aerospace company's stock after purchasing an additional 786 shares during the period. IFM Investors Pty Ltd's holdings in Northrop Grumman were worth $5,926,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC increased its position in shares of Northrop Grumman by 55,522.3% in the first quarter. GAMMA Investing LLC now owns 1,520,158 shares of the aerospace company's stock valued at $778,336,000 after acquiring an additional 1,517,425 shares during the last quarter. Wellington Management Group LLP increased its position in Northrop Grumman by 23.4% during the first quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company's stock worth $2,631,390,000 after buying an additional 974,633 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Northrop Grumman by 1,425.2% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,001,198 shares of the aerospace company's stock valued at $512,624,000 after purchasing an additional 935,554 shares during the last quarter. Nuveen LLC acquired a new position in shares of Northrop Grumman in the first quarter valued at approximately $369,205,000. Finally, Vanguard Group Inc. boosted its stake in shares of Northrop Grumman by 4.6% in the first quarter. Vanguard Group Inc. now owns 13,266,301 shares of the aerospace company's stock valued at $6,792,479,000 after buying an additional 588,520 shares during the period. 83.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NOC has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on Northrop Grumman from $480.00 to $585.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $542.00 price target (down from $580.00) on shares of Northrop Grumman in a research note on Tuesday, July 8th. Wells Fargo & Company reiterated an "overweight" rating on shares of Northrop Grumman in a report on Tuesday, July 22nd. Susquehanna upped their price target on shares of Northrop Grumman from $557.00 to $650.00 and gave the stock a "positive" rating in a report on Tuesday, July 22nd. Finally, Bank of America upped their price target on shares of Northrop Grumman from $550.00 to $650.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $588.85.

Northrop Grumman Trading Down 0.6%

NOC traded down $3.33 during trading on Tuesday, reaching $572.82. The company had a trading volume of 238,742 shares, compared to its average volume of 954,620. The firm's 50-day simple moving average is $575.08 and its 200 day simple moving average is $522.88. The company has a market cap of $82.02 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 5.49 and a beta of 0.13. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $600.99. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04.

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. 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 during the quarter, compared to analyst estimates of $10.15 billion. During the same period in the previous year, the company earned $6.36 earnings per share. The company's quarterly revenue 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. Equities research analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were paid 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 1.6%. Northrop Grumman's dividend payout ratio is presently 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.