Vanguard Personalized Indexing Management LLC Purchases 4,144 Shares of Northrop Grumman Corporation $NOC

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Northrop Grumman by 28.1%, acquiring an additional 4,144 shares, bringing its total to 18,867 shares worth $9.44 million.
• Northrop Grumman reported $7.11 earnings per share for the last quarter, surpassing estimates and showing a 1.3% year-over-year revenue increase.
• The company recently declared a quarterly dividend of $2.31, resulting in an annualized dividend yield of 1.5%.

Vanguard Personalized Indexing Management LLC grew its position in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 28.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,867 shares of the aerospace company's stock after acquiring an additional 4,144 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Northrop Grumman were worth $9,437,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. IMA Advisory Services Inc. acquired a new stake in shares of Northrop Grumman during the 1st quarter worth about $27,000. Saudi Central Bank acquired a new stake in shares of Northrop Grumman during the 1st quarter worth about $28,000. Banque Cantonale Vaudoise acquired a new stake in shares of Northrop Grumman during the 1st quarter worth about $30,000. Flaharty Asset Management LLC acquired a new stake in shares of Northrop Grumman during the 1st quarter worth about $36,000. Finally, Hollencrest Capital Management lifted its stake in shares of Northrop Grumman by 790.0% during the 1st quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company's stock worth $45,000 after buying an additional 79 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Sanford C. Bernstein restated a "market perform" rating on shares of Northrop Grumman in a research note on Monday, July 14th. Deutsche Bank Aktiengesellschaft set a $700.00 target price on shares of Northrop Grumman and gave the stock a "buy" rating in a research note on Wednesday. Barclays lifted their price objective on shares of Northrop Grumman from $500.00 to $580.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 29th. Wells Fargo & Company reiterated an "overweight" rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. Finally, Bank of America lifted their price objective on shares of Northrop Grumman from $550.00 to $650.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $601.00.

Northrop Grumman Trading Down 1.8%

Shares of Northrop Grumman stock opened at $623.51 on Monday. The firm has a market capitalization of $89.27 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 6.06 and a beta of 0.10. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The firm's 50 day moving average is $590.32 and its 200 day moving average is $533.98. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $640.90.

Northrop Grumman (NYSE:NOC - Get Free Report) last posted 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 net margin of 9.74% and a return on equity of 25.52%. The firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same period in the previous year, the firm posted $6.36 EPS. The company's revenue for the quarter 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. Equities research analysts forecast 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. Stockholders of record on Tuesday, September 2nd were given a $2.31 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.5%. Northrop Grumman's payout ratio is 34.06%.

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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