Northrop Grumman Corporation $NOC Shares Acquired by GAMMA Investing LLC

Key Points

• GAMMA Investing LLC increased its stake in Northrop Grumman by 16.9% in Q2, holding 3,471 shares valued at approximately $1.735 million.
• Institutional investors collectively own 83.40% of Northrop Grumman's stock, indicating strong financial confidence in the company.
• Northrop Grumman reported a Q2 EPS of $7.11, exceeding estimates, and posted revenues of $10.35 billion, marking a 1.3% year-over-year growth.

GAMMA Investing LLC lifted its position in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 16.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,471 shares of the aerospace company's stock after acquiring an additional 502 shares during the quarter. GAMMA Investing LLC's holdings in Northrop Grumman were worth $1,735,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Brookstone Capital Management grew its position in Northrop Grumman by 121.0% during the first quarter. Brookstone Capital Management now owns 6,640 shares of the aerospace company's stock worth $3,400,000 after buying an additional 3,635 shares during the period. GAM Holding AG grew its position in Northrop Grumman by 51.9% during the first quarter. GAM Holding AG now owns 2,338 shares of the aerospace company's stock worth $1,197,000 after buying an additional 799 shares during the period. Janney Montgomery Scott LLC acquired a new position in Northrop Grumman during the first quarter worth about $33,090,000. Golden State Wealth Management LLC grew its position in Northrop Grumman by 206.2% during the first quarter. Golden State Wealth Management LLC now owns 2,771 shares of the aerospace company's stock worth $1,421,000 after buying an additional 1,866 shares during the period. Finally, Bessemer Group Inc. grew its position in Northrop Grumman by 18.8% during the first quarter. Bessemer Group Inc. now owns 795,839 shares of the aerospace company's stock worth $407,477,000 after buying an additional 125,693 shares during the period. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Truist Financial restated a "buy" rating and set a $625.00 target price (up from $550.00) on shares of Northrop Grumman in a research report on Wednesday, July 23rd. Wall Street Zen raised shares of Northrop Grumman from a "hold" rating to a "buy" rating in a report on Friday, September 5th. JPMorgan Chase & Co. upped their price target on shares of Northrop Grumman from $480.00 to $585.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Northrop Grumman in a report on Monday, July 14th. Finally, Robert W. Baird upped their price objective on shares of Northrop Grumman from $547.00 to $565.00 and gave the company a "neutral" rating in a research note 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $588.85.

Northrop Grumman Trading Up 0.6%

NYSE NOC opened at $576.60 on Tuesday. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $600.99. The company has a 50-day simple moving average of $575.08 and a 200-day simple moving average of $522.88. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The firm has a market capitalization of $82.56 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 5.49 and a beta of 0.13.

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 business had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.15 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The company's quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, equities analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

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

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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