VELA Investment Management LLC Has $3.74 Million Stock Position in Northrop Grumman Corporation $NOC

Key Points

• VELA Investment Management LLC reduced its stake in Northrop Grumman Corporation by 5.4%, holding 7,485 shares valued at approximately $3.74 million.
• Northrop Grumman reported a quarterly earnings per share of $7.11, exceeding analysts' expectations, and set its FY 2025 guidance between $25.000–25.400 EPS.
• The company recently announced a quarterly dividend of $2.31 per share, reflecting an annualized dividend yield of 1.5%.

VELA Investment Management LLC decreased its stake in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 5.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,485 shares of the aerospace company's stock after selling 430 shares during the quarter. Northrop Grumman accounts for about 1.0% of VELA Investment Management LLC's investment portfolio, making the stock its 27th largest holding. VELA Investment Management LLC's holdings in Northrop Grumman were worth $3,742,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of NOC. IMA Advisory Services Inc. acquired a new position in shares of Northrop Grumman in the 1st quarter valued at $27,000. Saudi Central Bank acquired a new position in shares of Northrop Grumman in the 1st quarter valued at $28,000. Banque Cantonale Vaudoise acquired a new position in shares of Northrop Grumman in the 1st quarter valued at $30,000. Flaharty Asset Management LLC acquired a new position in shares of Northrop Grumman in the 1st quarter valued at $36,000. Finally, Hollencrest Capital Management boosted its position in shares of Northrop Grumman by 790.0% in the 1st quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company's stock valued at $45,000 after purchasing an additional 79 shares during the period. Institutional investors and hedge funds own 83.40% of the company's stock.

Northrop Grumman Stock Down 1.7%

NOC opened at $598.74 on Friday. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $640.90. The business has a 50-day moving average of $592.22 and a 200-day moving average of $536.46. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The company has a market capitalization of $85.73 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 5.92 and a beta of 0.10.

Northrop Grumman (NYSE:NOC - Get Free Report) last posted its quarterly 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 return on equity of 25.52% and a net margin of 9.74%.The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same period last year, the business earned $6.36 EPS. The business's quarterly revenue was up 1.3% on a year-over-year basis. 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 EPS 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 paid a dividend of $2.31 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.5%. Northrop Grumman's dividend payout ratio (DPR) is 34.06%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NOC shares. Wall Street Zen upgraded Northrop Grumman from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Royal Bank Of Canada increased their price objective on Northrop Grumman from $600.00 to $625.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Susquehanna increased their price objective on Northrop Grumman from $557.00 to $650.00 and gave the stock a "positive" rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. increased their price objective on Northrop Grumman from $480.00 to $585.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Northrop Grumman in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Northrop Grumman has a consensus rating of "Moderate Buy" and an average target price of $613.15.

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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