Syntax Research Inc. Purchases New Position in Northrop Grumman Corporation $NOC

Key Points

• Syntax Research Inc. has acquired a new stake in Northrop Grumman Corporation (NYSE:NOC) by purchasing 3,000 shares valued at approximately $1.5 million in the second quarter of the year.
• Northrop Grumman recently reported earnings of $7.11 per share for its latest quarter, exceeding analysts' estimates, with revenue of $10.35 billion, marking a year-over-year increase.
• The company declared a quarterly dividend of $2.31 per share, representing an annualized dividend of $9.24 and a yield of 1.5%.

Syntax Research Inc. purchased a new stake in Northrop Grumman Corporation (NYSE:NOC - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 3,000 shares of the aerospace company's stock, valued at approximately $1,500,000.

Other large investors have also recently added to or reduced their stakes in the company. Brookstone Capital Management boosted its position in Northrop Grumman by 121.0% in the 1st quarter. Brookstone Capital Management now owns 6,640 shares of the aerospace company's stock valued at $3,400,000 after buying an additional 3,635 shares during the last quarter. GAM Holding AG boosted its position in Northrop Grumman by 51.9% in the 1st quarter. GAM Holding AG now owns 2,338 shares of the aerospace company's stock valued at $1,197,000 after buying an additional 799 shares during the last quarter. First United Bank & Trust boosted its position in Northrop Grumman by 641.0% in the 2nd quarter. First United Bank & Trust now owns 778 shares of the aerospace company's stock valued at $389,000 after buying an additional 673 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in Northrop Grumman in the 1st quarter valued at about $33,090,000. Finally, Golden State Wealth Management LLC boosted its position in Northrop Grumman by 206.2% in the 1st quarter. Golden State Wealth Management LLC now owns 2,771 shares of the aerospace company's stock valued at $1,421,000 after buying an additional 1,866 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Stock Performance

Shares of NOC stock opened at $604.89 on Friday. The stock has a market capitalization of $86.61 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 5.80 and a beta of 0.10. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $610.85. The company's 50-day simple moving average is $584.29 and its 200-day simple moving average is $528.24. 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 (NYSE:NOC - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share 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%. Northrop Grumman's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.36 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Equities analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were paid a $2.31 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $9.24 annualized dividend and a dividend yield of 1.5%. Northrop Grumman's dividend payout ratio (DPR) is presently 34.06%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NOC shares. Royal Bank Of Canada upped their price objective on shares of Northrop Grumman from $600.00 to $625.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Sanford C. Bernstein reissued a "market perform" rating on shares of Northrop Grumman in a research report on Monday, July 14th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $542.00 price objective (down from $580.00) on shares of Northrop Grumman in a research report on Tuesday, July 8th. Wall Street Zen raised shares of Northrop Grumman from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Finally, Barclays increased their price target on shares of Northrop Grumman from $500.00 to $580.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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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