Lmcg Investments LLC Has $1.25 Million Stake in Northrop Grumman Corporation $NOC

Key Points

• Lmcg Investments LLC's stake in Northrop Grumman Corporation decreased by 88.1% during the 2nd quarter, leaving them with 2,490 shares worth approximately $1.25 million.
• Northrop Grumman reported $7.11 earnings per share for the latest quarter, surpassing analysts' estimates of $6.84, and had quarterly revenue of $10.35 billion, slightly above expectations.
• The company has announced a $2.31 quarterly dividend, leading to an annualized yield of 1.5% and a payout ratio of 34.06%.

Lmcg Investments LLC decreased its holdings in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 88.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,490 shares of the aerospace company's stock after selling 18,486 shares during the quarter. Lmcg Investments LLC's holdings in Northrop Grumman were worth $1,245,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IMA Advisory Services Inc. acquired a new stake in Northrop Grumman in the 1st quarter worth about $27,000. Saudi Central Bank acquired a new position in shares of Northrop Grumman in the 1st quarter valued at approximately $28,000. Banque Cantonale Vaudoise acquired a new position in shares of Northrop Grumman in the 1st quarter valued at approximately $30,000. Flaharty Asset Management LLC acquired a new position in shares of Northrop Grumman in the 1st quarter valued at approximately $36,000. Finally, Hollencrest Capital Management raised its position in shares of Northrop Grumman by 790.0% in the 1st quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company's stock valued at $45,000 after buying an additional 79 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company's stock.

Northrop Grumman Price Performance

NOC stock opened at $623.51 on Friday. The company has a 50 day simple moving average of $590.32 and a 200 day simple moving average of $533.84. The stock has a market cap of $89.28 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 5.97 and a beta of 0.10. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $640.90. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93.

Northrop Grumman (NYSE:NOC - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share for the quarter, topping analysts' consensus estimates of $6.84 by $0.27. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same period in the previous year, the firm posted $6.36 EPS. The company's revenue for the quarter 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. Research analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal 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 issued a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman's payout ratio is presently 34.06%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NOC. Wall Street Zen upgraded shares of Northrop Grumman from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Barclays boosted their target price on shares of Northrop Grumman from $500.00 to $580.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. Weiss Ratings restated a "buy (b)" rating on shares of Northrop Grumman in a research report on Saturday, September 27th. Robert W. Baird boosted their target price on shares of Northrop Grumman from $547.00 to $565.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Bank of America upped their price objective on shares of Northrop Grumman from $550.00 to $650.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Northrop Grumman presently has an average rating of "Moderate Buy" and an average price target of $601.00.

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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