Vontobel Holding Ltd. Purchases 769 Shares of Northrop Grumman Corporation $NOC

Key Points

• Vontobel Holding Ltd. has increased its stake in Northrop Grumman Corporation by 45.9%, acquiring an additional 769 shares, bringing its total holdings to 2,445 shares worth approximately $1.22 million.
• Northrop Grumman reported a quarterly EPS of $7.11, surpassing analysts' expectations of $6.84, and achieved revenues of $10.35 billion, reflecting a 1.3% year-over-year increase.
• The firm declared a quarterly dividend of $2.31, yielding 1.5% annually, and maintains a payout ratio of 34.06% as of the latest report.

Vontobel Holding Ltd. grew its position in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 45.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,445 shares of the aerospace company's stock after buying an additional 769 shares during the period. Vontobel Holding Ltd.'s holdings in Northrop Grumman were worth $1,222,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System increased its position in Northrop Grumman by 2.2% during the 2nd quarter. Maryland State Retirement & Pension System now owns 6,591 shares of the aerospace company's stock worth $3,295,000 after buying an additional 141 shares during the period. Northern Financial Advisors Inc increased its position in Northrop Grumman by 5.4% during the 2nd quarter. Northern Financial Advisors Inc now owns 990 shares of the aerospace company's stock worth $495,000 after buying an additional 51 shares during the period. WoodTrust Financial Corp increased its position in Northrop Grumman by 2.0% during the 2nd quarter. WoodTrust Financial Corp now owns 12,777 shares of the aerospace company's stock worth $6,388,000 after buying an additional 256 shares during the period. Shell Asset Management Co. increased its position in Northrop Grumman by 24.1% during the 2nd quarter. Shell Asset Management Co. now owns 3,937 shares of the aerospace company's stock worth $1,968,000 after buying an additional 764 shares during the period. Finally, TriaGen Wealth Management LLC increased its position in Northrop Grumman by 6.6% during the 2nd quarter. TriaGen Wealth Management LLC now owns 713 shares of the aerospace company's stock worth $356,000 after buying an additional 44 shares during the period. Institutional investors own 83.40% of the company's stock.

Northrop Grumman Stock Performance

Northrop Grumman stock opened at $623.51 on Monday. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $640.90. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The business's 50-day moving average price is $590.32 and its two-hundred day moving average price is $533.98. The stock has a market cap of $89.27 billion, a PE ratio of 22.98, a P/E/G ratio of 6.06 and a beta of 0.10.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $10.15 billion. During the same quarter in the previous year, the business posted $6.36 earnings per share. The business'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. As a group, analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were given a $2.31 dividend. This represents a $9.24 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman's payout ratio is currently 34.06%.

Analyst Ratings Changes

Several research firms have weighed in on NOC. Deutsche Bank Aktiengesellschaft set a $700.00 price objective on Northrop Grumman and gave the stock a "buy" rating in a research report on Wednesday. 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 report on Wednesday, July 23rd. Wells Fargo & Company restated an "overweight" rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Royal Bank Of Canada raised their price target on Northrop Grumman from $600.00 to $625.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Northrop Grumman in a research report on Saturday, September 27th. One 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. According to MarketBeat, Northrop Grumman has an average rating of "Moderate Buy" and a consensus price target of $601.00.

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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