Thurston Springer Miller Herd & Titak Inc. Purchases 1,228 Shares of Northrop Grumman Corporation $NOC

Key Points

• Thurston Springer Miller Herd & Titak Inc. significantly increased its holdings in Northrop Grumman by 1,158.5% in Q2, acquiring an additional 1,228 shares valued at approximately $667,000.
• Northrop Grumman recently reported a quarterly earnings per share (EPS) of $7.11, exceeding the consensus estimate and projecting FY 2025 EPS guidance between 25.000-25.400.
• The company declared a quarterly dividend of $2.31 per share, which will be paid on September 17th, equating to an annualized yield of 1.6%.

Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 1,158.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,334 shares of the aerospace company's stock after acquiring an additional 1,228 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Northrop Grumman were worth $667,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Salem Investment Counselors Inc. lifted its holdings in Northrop Grumman by 61.0% during the second quarter. Salem Investment Counselors Inc. now owns 752 shares of the aerospace company's stock valued at $376,000 after purchasing an additional 285 shares during the last quarter. RB Capital Management LLC boosted its stake in Northrop Grumman by 2.8% during the second quarter. RB Capital Management LLC now owns 3,865 shares of the aerospace company's stock valued at $1,932,000 after buying an additional 105 shares during the period. LVM Capital Management Ltd. MI boosted its position in shares of Northrop Grumman by 18.8% during the 2nd quarter. LVM Capital Management Ltd. MI now owns 39,485 shares of the aerospace company's stock valued at $19,742,000 after acquiring an additional 6,237 shares during the last quarter. Howe & Rusling Inc. grew its stake in Northrop Grumman by 10.6% in the 1st quarter. Howe & Rusling Inc. now owns 926 shares of the aerospace company's stock worth $474,000 after buying an additional 89 shares in the last quarter. Finally, Bontempo Ohly Capital Mgmt LLC bought a new position in Northrop Grumman in the first quarter valued at $4,764,000. Hedge funds and other institutional investors own 83.40% of the company's stock.

Northrop Grumman Price Performance

NYSE:NOC opened at $575.91 on Monday. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $600.99. The company has a market capitalization of $82.46 billion, a P/E ratio of 21.23, a P/E/G ratio of 5.51 and a beta of 0.13. The business's 50-day moving average is $567.43 and its 200 day moving average is $518.57. 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 posted its quarterly earnings data 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 net margin of 9.74% and a return on equity of 25.52%. The company had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same period in the previous year, the firm earned $6.36 earnings per share. Northrop Grumman'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. On average, equities research analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd will be paid a $2.31 dividend. This represents a $9.24 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Northrop Grumman's dividend payout ratio is currently 34.06%.

Wall Street Analyst Weigh In

Several analysts have weighed in on NOC shares. JPMorgan Chase & Co. boosted their price target on shares of Northrop Grumman from $480.00 to $585.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Wall Street Zen raised Northrop Grumman from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Bank of America upped their price target on Northrop Grumman from $550.00 to $650.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Robert W. Baird upped their price target on Northrop Grumman from $547.00 to $565.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company reaffirmed an "overweight" rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. One investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $588.85.

About Northrop Grumman

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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