Northrop Grumman Corporation $NOC Stock Holdings Lifted by Stratos Wealth Partners LTD.

Key Points

• Stratos Wealth Partners LTD. increased its stake in Northrop Grumman by 16.8%, holding 6,619 shares valued at approximately $3.31 million as disclosed in their latest SEC filing.
• Northrop Grumman reported a earnings per share (EPS) of $7.11 for the last quarter, surpassing analyst expectations and showing a 1.3% year-over-year revenue increase.
• The company declared a quarterly dividend of $2.31 per share, translating to an annualized dividend of $9.24, with a yield of 1.6%.

Stratos Wealth Partners LTD. grew its stake in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 16.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,619 shares of the aerospace company's stock after buying an additional 952 shares during the period. Stratos Wealth Partners LTD.'s holdings in Northrop Grumman were worth $3,310,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NOC. Wellington Management Group LLP lifted 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 worth $2,631,390,000 after buying an additional 974,633 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Northrop Grumman by 1,425.2% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,001,198 shares of the aerospace company's stock worth $512,624,000 after buying an additional 935,554 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Northrop Grumman in the first quarter worth about $369,205,000. Vanguard Group Inc. lifted 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 worth $6,792,479,000 after buying an additional 588,520 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Northrop Grumman by 98.8% in the first quarter. AQR Capital Management LLC now owns 899,114 shares of the aerospace company's stock worth $460,355,000 after buying an additional 446,940 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company's stock.

Northrop Grumman Trading Down 0.8%

Shares of NOC opened at $594.15 on Monday. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $640.90. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $85.07 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 5.78 and a beta of 0.10. The stock's 50-day moving average price is $592.48 and its 200 day moving average price is $537.35.

Northrop Grumman (NYSE:NOC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.84 by $0.27. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same period in the previous year, the company posted $6.36 earnings per share. The company'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. As a group, research analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft set a $700.00 price target on Northrop Grumman and gave the stock a "buy" rating in a research report on Wednesday, October 8th. Morgan Stanley boosted their price objective on Northrop Grumman from $625.00 to $720.00 and gave the stock an "overweight" rating in a research report on Wednesday. Susquehanna boosted their price objective on Northrop Grumman from $557.00 to $650.00 and gave the stock a "positive" rating in a research report on Tuesday, July 22nd. Barclays boosted their price objective on Northrop Grumman from $500.00 to $580.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Finally, Robert W. Baird boosted their price objective on Northrop Grumman from $547.00 to $565.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Northrop Grumman currently has a consensus rating of "Moderate Buy" and an average target price of $613.15.

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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