Moody Lynn & Lieberson LLC Grows Stock Position in Northrop Grumman Corporation $NOC

Key Points

• Moody Lynn & Lieberson LLC increased its stake in Northrop Grumman Corporation by 13.1%, owning 28,386 shares valued at approximately $14.19 million at the end of Q2.
• Northrop Grumman's recent earnings report showed a net margin of 9.74% and revenue of $10.35 billion, exceeding expectations and reflecting a year-over-year revenue growth of 1.3%.
• The company announced a quarterly dividend of $2.31 per share, yielding about 1.6%, with a payout ratio of 34.06%.

Moody Lynn & Lieberson LLC boosted its position in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 13.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,386 shares of the aerospace company's stock after buying an additional 3,295 shares during the quarter. Northrop Grumman accounts for approximately 0.8% of Moody Lynn & Lieberson LLC's investment portfolio, making the stock its 29th largest position. Moody Lynn & Lieberson LLC's holdings in Northrop Grumman were worth $14,192,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brookstone Capital Management raised its position in Northrop Grumman by 121.0% in the 1st quarter. Brookstone Capital Management now owns 6,640 shares of the aerospace company's stock worth $3,400,000 after purchasing an additional 3,635 shares during the period. GAM Holding AG grew its stake in shares of Northrop Grumman by 51.9% during the first quarter. GAM Holding AG now owns 2,338 shares of the aerospace company's stock valued at $1,197,000 after buying an additional 799 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Northrop Grumman in the first quarter worth approximately $33,090,000. Golden State Wealth Management LLC lifted its stake in shares of Northrop Grumman by 206.2% during the 1st quarter. Golden State Wealth Management LLC now owns 2,771 shares of the aerospace company's stock worth $1,421,000 after acquiring an additional 1,866 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in Northrop Grumman by 18.8% during the 1st quarter. Bessemer Group Inc. now owns 795,839 shares of the aerospace company's stock valued at $407,477,000 after acquiring an additional 125,693 shares during the period. Hedge funds and other institutional investors own 83.40% of the company's stock.

Northrop Grumman Trading Up 1.5%

Shares of NYSE:NOC opened at $594.50 on Monday. The company has a market capitalization of $85.12 billion, a PE ratio of 21.91, a P/E/G ratio of 5.69 and a beta of 0.13. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The business's fifty day simple moving average is $580.34 and its 200-day simple moving average is $525.58. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $600.99.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share for the quarter, beating 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 business had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $10.15 billion. During the same period last year, the business earned $6.36 EPS. The company's 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. As a group, equities research analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were paid a dividend of $2.31 per share. This represents a $9.24 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman's payout ratio is 34.06%.

Analyst Ratings Changes

NOC has been the topic of a number of recent analyst reports. Bank of America increased their target price on Northrop Grumman from $550.00 to $650.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Wall Street Zen upgraded shares of Northrop Grumman from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Northrop Grumman in a research report on Monday, July 14th. Wells Fargo & Company reiterated an "overweight" rating on shares of Northrop Grumman in a report on Tuesday, July 22nd. Finally, Royal Bank Of Canada raised their price objective on Northrop Grumman from $600.00 to $625.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. One equities 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. According to MarketBeat, Northrop Grumman has an average 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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