Oliver Lagore Vanvalin Investment Group Acquires New Holdings in Northrop Grumman Corporation $NOC

Key Points

• Oliver Lagore Vanvalin Investment Group has acquired a $751,000 stake in Northrop Grumman, purchasing 1,467 shares during Q2.
• Several hedge funds have significantly increased their holdings in Northrop Grumman, with Brookstone Capital Management expanding its position by 121% in the first quarter.
• Northrop Grumman's recent quarterly earnings showed an EPS of $7.11, exceeding expectations, alongside a revenue of $10.35 billion.

Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,467 shares of the aerospace company's stock, valued at approximately $751,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC increased its holdings in Northrop Grumman by 176.3% in the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company's stock worth $1,394,000 after buying an additional 1,895 shares in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in Northrop Grumman by 2.2% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,006 shares of the aerospace company's stock worth $472,000 after buying an additional 22 shares in the last quarter. Bison Wealth LLC increased its holdings in Northrop Grumman by 5.3% in the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company's stock worth $301,000 after buying an additional 32 shares in the last quarter. Tidal Investments LLC increased its holdings in Northrop Grumman by 6.8% in the 4th quarter. Tidal Investments LLC now owns 5,771 shares of the aerospace company's stock worth $2,708,000 after buying an additional 368 shares in the last quarter. Finally, Woodline Partners LP purchased a new position in Northrop Grumman in the fourth quarter worth about $252,000. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Trading Down 0.8%

NYSE:NOC traded down $4.51 during midday trading on Tuesday, hitting $571.64. 148,457 shares of the company traded hands, compared to its average volume of 954,088. The firm's fifty day moving average is $575.08 and its 200-day moving average is $522.88. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $600.99. The firm has a market capitalization of $81.85 billion, a P/E ratio of 21.07, a P/E/G ratio of 5.49 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.

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

Northrop Grumman Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NOC. Sanford C. Bernstein reissued a "market perform" rating on shares of Northrop Grumman in a research report on Monday, July 14th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $542.00 price objective (down from $580.00) on shares of Northrop Grumman in a research report on Tuesday, July 8th. Robert W. Baird lifted their price objective on Northrop Grumman from $547.00 to $565.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Bank of America boosted their price target on Northrop Grumman from $550.00 to $650.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada lifted their price objective on Northrop Grumman from $600.00 to $625.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus 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.