Northrop Grumman Corporation $NOC Shares Acquired by Valeo Financial Advisors LLC

Key Points

• Valeo Financial Advisors LLC increased its stake in Northrop Grumman by 33.2%, owning 3,390 shares valued at approximately $1.7 million after acquiring an additional 845 shares.
• Northrop Grumman reported earnings of $7.11 per share for the last quarter, exceeding expectations, with revenue reaching $10.35 billion, up 1.3% year-over-year.
• The company announced a quarterly dividend of $2.31, resulting in an annualized yield of 1.5%, with a payout ratio of 34.06%.

Valeo Financial Advisors LLC grew its stake in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 33.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,390 shares of the aerospace company's stock after purchasing an additional 845 shares during the quarter. Valeo Financial Advisors LLC's holdings in Northrop Grumman were worth $1,695,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position 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 purchasing an additional 588,520 shares during the period. Wellington Management Group LLP grew its position in shares of Northrop Grumman by 23.4% in the first quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company's stock valued at $2,631,390,000 after purchasing an additional 974,633 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Northrop Grumman by 10.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,241,144 shares of the aerospace company's stock valued at $1,147,489,000 after purchasing an additional 210,500 shares during the period. Invesco Ltd. grew its position in shares of Northrop Grumman by 12.1% in the first quarter. Invesco Ltd. now owns 1,944,186 shares of the aerospace company's stock valued at $995,443,000 after purchasing an additional 210,506 shares during the period. Finally, Royal Bank of Canada grew its position in shares of Northrop Grumman by 12.0% in the first quarter. Royal Bank of Canada now owns 1,115,625 shares of the aerospace company's stock valued at $571,211,000 after purchasing an additional 119,693 shares during the period. Institutional investors and hedge funds own 83.40% of the company's stock.

Northrop Grumman Stock Performance

NYSE:NOC opened at $619.40 on Tuesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The firm has a market capitalization of $88.69 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 5.84 and a beta of 0.10. The company's 50-day moving average is $586.12 and its two-hundred day moving average is $530.50. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $619.71.

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, beating the consensus estimate of $6.84 by $0.27. The company had revenue of $10.35 billion for 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%. Northrop Grumman's 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. Analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were issued a $2.31 dividend. This represents a $9.24 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman's payout ratio is presently 34.06%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Sanford C. Bernstein restated a "market perform" rating on shares of Northrop Grumman in a research report on Monday, July 14th. Wells Fargo & Company restated an "overweight" rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Robert W. Baird boosted their price target on shares of Northrop Grumman from $547.00 to $565.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $542.00 price target (down from $580.00) on shares of Northrop Grumman in a research report on Tuesday, July 8th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Northrop Grumman in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $588.85.

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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