Northrop Grumman Corporation $NOC Shares Purchased by Talbot Financial LLC

Key Points

• Talbot Financial LLC has increased its stake in Northrop Grumman by 22.4% during the second quarter, acquiring a total of 31,345 shares worth approximately $15.67 million.
• Northrop Grumman reported $7.11 earnings per share for the last quarter, surpassing analyst expectations, with a quarterly revenue of $10.35 billion.
• The company declared a quarterly dividend of $2.31 per share, yielding 1.5%, with a payout ratio of 34.06%.

Talbot Financial LLC raised its position in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 22.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,345 shares of the aerospace company's stock after purchasing an additional 5,743 shares during the quarter. Northrop Grumman comprises approximately 1.5% of Talbot Financial LLC's investment portfolio, making the stock its 25th biggest holding. Talbot Financial LLC's holdings in Northrop Grumman were worth $15,672,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Redhawk Wealth Advisors Inc. increased its stake in shares of Northrop Grumman by 3.0% in the first quarter. Redhawk Wealth Advisors Inc. now owns 644 shares of the aerospace company's stock valued at $330,000 after purchasing an additional 19 shares during the period. Capital Investment Advisors LLC increased its stake in shares of Northrop Grumman by 1.0% in the second quarter. Capital Investment Advisors LLC now owns 2,049 shares of the aerospace company's stock valued at $1,025,000 after purchasing an additional 20 shares during the period. IAG Wealth Partners LLC increased its stake in shares of Northrop Grumman by 8.4% in the first quarter. IAG Wealth Partners LLC now owns 271 shares of the aerospace company's stock valued at $139,000 after purchasing an additional 21 shares during the period. Integrated Investment Consultants LLC increased its stake in shares of Northrop Grumman by 3.9% in the first quarter. Integrated Investment Consultants LLC now owns 553 shares of the aerospace company's stock valued at $283,000 after purchasing an additional 21 shares during the period. Finally, Ameriflex Group Inc. increased its stake in shares of Northrop Grumman by 3.6% in the second quarter. Ameriflex Group Inc. now owns 611 shares of the aerospace company's stock valued at $301,000 after purchasing an additional 21 shares during the period. Institutional investors and hedge funds own 83.40% of the company's stock.

Northrop Grumman Trading Up 0.9%

Northrop Grumman stock opened at $610.32 on Friday. 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 cap of $87.39 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 5.84 and a beta of 0.10. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $610.85. The firm's 50 day moving average price is $585.11 and its two-hundred day moving average price is $529.33.

Northrop Grumman (NYSE:NOC - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.84 by $0.27. The firm 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%. The firm's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.36 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, research analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders 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 1.5%. Northrop Grumman's payout ratio is 34.06%.

Wall Street Analysts Forecast Growth

NOC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Northrop Grumman from $480.00 to $585.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Robert W. Baird raised 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. Weiss Ratings reiterated a "buy (b)" rating on shares of Northrop Grumman in a research note on Saturday, September 27th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $542.00 price objective (down previously from $580.00) on shares of Northrop Grumman in a research note on Tuesday, July 8th. Finally, Wall Street Zen upgraded shares of Northrop Grumman from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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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