Stokes Capital Advisors LLC Boosts Stock Position in Northrop Grumman Corporation $NOC

Key Points

• Stokes Capital Advisors LLC increased its holdings in Northrop Grumman Corporation by 2.8%, owning 16,060 shares valued at approximately $8 million as of the latest quarter.
• Northrop Grumman reported strong earnings, with $7.11 per share, exceeding analysts' expectations of $6.84, and revenue of $10.35 billion for the quarter.
• The company declared a quarterly dividend of $2.31 per share, resulting in an annual yield of 1.6% and highlighting a payout ratio of 34.06%.

Stokes Capital Advisors LLC raised its holdings in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,060 shares of the aerospace company's stock after purchasing an additional 440 shares during the quarter. Northrop Grumman accounts for approximately 2.0% of Stokes Capital Advisors LLC's investment portfolio, making the stock its 19th largest holding. Stokes Capital Advisors LLC's holdings in Northrop Grumman were worth $8,030,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NOC. Redhawk Wealth Advisors Inc. lifted its position in shares of Northrop Grumman by 3.0% in the 1st quarter. Redhawk Wealth Advisors Inc. now owns 644 shares of the aerospace company's stock worth $330,000 after purchasing an additional 19 shares during the period. Salvus Wealth Management LLC raised its stake in shares of Northrop Grumman by 1.5% during the 1st quarter. Salvus Wealth Management LLC now owns 1,349 shares of the aerospace company's stock worth $691,000 after acquiring an additional 20 shares in the last quarter. IAG Wealth Partners LLC raised its stake in shares of Northrop Grumman by 8.4% during the 1st quarter. IAG Wealth Partners LLC now owns 271 shares of the aerospace company's stock worth $139,000 after acquiring an additional 21 shares in the last quarter. Integrated Investment Consultants LLC raised its stake in shares of Northrop Grumman by 3.9% during the 1st quarter. Integrated Investment Consultants LLC now owns 553 shares of the aerospace company's stock worth $283,000 after acquiring an additional 21 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG raised its stake in shares of Northrop Grumman by 2.2% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,006 shares of the aerospace company's stock worth $472,000 after acquiring an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company's stock.

Northrop Grumman Price Performance

Shares of NOC traded down $1.94 during trading hours on Friday, hitting $571.81. 1,478,206 shares of the stock were exchanged, compared to its average volume of 960,883. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $600.99. The company has a market cap of $81.87 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 5.53 and a beta of 0.13. The stock's 50-day moving average price is $572.83 and its two-hundred day moving average price is $520.87.

Northrop Grumman (NYSE:NOC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $10.15 billion. During the same period in the previous year, the business earned $6.36 earnings per share. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Research analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently commented on NOC. Robert W. Baird boosted their price objective on shares of Northrop Grumman from $547.00 to $565.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada boosted their target price on shares of Northrop Grumman from $600.00 to $625.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Barclays raised their price target on shares of Northrop Grumman from $500.00 to $580.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. Wells Fargo & Company restated an "overweight" rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $542.00 target price (down from $580.00) on shares of Northrop Grumman in a research report on Tuesday, July 8th. 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, the stock presently has an average 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.