ORG Partners LLC Buys 541 Shares of Northrop Grumman Corporation $NOC

Key Points

• ORG Partners LLC increased its stake in Northrop Grumman Corporation by 29.6% during the second quarter, now owning 2,369 shares valued at approximately $1.22 million.
• Northrop Grumman reported an earnings per share (EPS) of $7.11 for the last quarter, outperforming analysts' estimates of $6.84, with revenue rising to $10.35 billion.
• The company declared a quarterly dividend of $2.31 per share, with an annualized yield of 1.6%, and a payout ratio of 34.06%.

ORG Partners LLC raised its stake in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 29.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,369 shares of the aerospace company's stock after purchasing an additional 541 shares during the period. ORG Partners LLC's holdings in Northrop Grumman were worth $1,220,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. IMA Advisory Services Inc. bought a new position in Northrop Grumman during the first quarter valued at approximately $27,000. Saudi Central Bank purchased a new stake in shares of Northrop Grumman during the 1st quarter worth approximately $28,000. Banque Cantonale Vaudoise purchased a new stake in shares of Northrop Grumman during the 1st quarter worth approximately $30,000. Flaharty Asset Management LLC bought a new position in shares of Northrop Grumman during the 1st quarter valued at approximately $36,000. Finally, Hollencrest Capital Management grew its holdings in shares of Northrop Grumman by 790.0% in the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company's stock valued at $45,000 after purchasing an additional 79 shares in the last quarter. 83.40% of the stock is owned by institutional investors.

Northrop Grumman Stock Performance

Shares of Northrop Grumman stock opened at $594.50 on Friday. 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 stock's fifty day moving average is $580.34 and its two-hundred day moving average is $525.00. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $600.99. The company has a market capitalization of $85.12 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 5.61 and a beta of 0.13.

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

Northrop Grumman Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Truist Financial reiterated a "buy" rating and set a $625.00 price objective (up previously from $550.00) on shares of Northrop Grumman in a research report on Wednesday, July 23rd. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Northrop Grumman in a report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $542.00 price target (down previously from $580.00) on shares of Northrop Grumman in a research report on Tuesday, July 8th. Robert W. Baird raised their price objective on Northrop Grumman from $547.00 to $565.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. boosted their target price on Northrop Grumman from $480.00 to $585.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $588.85.

Northrop Grumman 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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