LVM Capital Management Ltd. MI Has $19.74 Million Stake in Northrop Grumman Corporation $NOC

Key Points

• LVM Capital Management Ltd. MI increased its stake in Northrop Grumman Corporation by 18.8% in Q2, now holding shares worth approximately $19.74 million.
• Northrop Grumman's recent quarterly earnings report indicated an EPS of $7.11, exceeding analysts' expectations, with revenue of $10.35 billion.
• The company announced a quarterly dividend of $2.31 per share, with an annualized dividend yield of 1.6%.

LVM Capital Management Ltd. MI boosted its holdings in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 18.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,485 shares of the aerospace company's stock after purchasing an additional 6,237 shares during the period. Northrop Grumman accounts for approximately 2.0% of LVM Capital Management Ltd. MI's holdings, making the stock its 15th largest holding. LVM Capital Management Ltd. MI's holdings in Northrop Grumman were worth $19,742,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NOC. GAMMA Investing LLC increased its holdings in Northrop Grumman by 55,522.3% during the 1st quarter. GAMMA Investing LLC now owns 1,520,158 shares of the aerospace company's stock valued at $778,336,000 after purchasing an additional 1,517,425 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Northrop Grumman by 23.4% in the 1st quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company's stock valued at $2,631,390,000 after buying an additional 974,633 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of Northrop Grumman by 1,425.2% in the 1st 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 buying an additional 935,554 shares during the period. Nuveen LLC acquired a new stake in shares of Northrop Grumman in the 1st quarter valued at $369,205,000. Finally, Vanguard Group Inc. increased its stake in shares of Northrop Grumman by 4.6% in the 1st 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.

Northrop Grumman Stock Down 1.2%

Shares of Northrop Grumman stock opened at $575.91 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $600.99. The business has a fifty day simple moving average of $567.43 and a 200 day simple moving average of $517.73. The stock has a market cap of $82.46 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 5.58 and a beta of 0.13.

Northrop Grumman (NYSE:NOC - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.15 billion. During the same period in the previous year, the firm earned $6.36 earnings per share. The firm'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. Research analysts predict 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 will be paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $2.31 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $9.24 annualized dividend and a yield of 1.6%. Northrop Grumman's payout ratio is currently 34.06%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on NOC shares. Royal Bank Of Canada lifted their target price on Northrop Grumman from $600.00 to $625.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Barclays lifted their target price on Northrop Grumman from $500.00 to $580.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Robert W. Baird lifted their target price on Northrop Grumman from $547.00 to $565.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their target price on Northrop Grumman from $480.00 to $585.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company reissued an "overweight" rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price 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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