Werba Rubin Papier Wealth Management Purchases New Holdings in Northrop Grumman Corporation $NOC

Key Points

• Werba Rubin Papier Wealth Management has acquired a new stake in Northrop Grumman Corporation, purchasing 554 shares valued at approximately $277,000.
• Analysts have recently raised their price targets for Northrop Grumman, with estimates ranging from $580.00 to $720.00, and the stock is currently rated as a "Moderate Buy" with an average target price of $613.15.
• Northrop Grumman's recent quarterly earnings exceeded estimates, reporting $7.11 EPS and revenue of $10.35 billion, an increase of 1.3% compared to the same quarter last year.

Werba Rubin Papier Wealth Management purchased a new stake in Northrop Grumman Corporation (NYSE:NOC - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 554 shares of the aerospace company's stock, valued at approximately $277,000.

A number of other hedge funds also recently bought and sold shares of NOC. Brighton Jones LLC raised its holdings in Northrop Grumman by 176.3% in the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company's stock valued at $1,394,000 after acquiring an additional 1,895 shares during the last quarter. Bison Wealth LLC raised its holdings in Northrop Grumman by 5.3% in the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company's stock valued at $301,000 after acquiring an additional 32 shares during the last quarter. GAMMA Investing LLC raised its holdings in Northrop Grumman by 8.6% in the 1st quarter. GAMMA Investing LLC now owns 2,969 shares of the aerospace company's stock valued at $1,520,000 after acquiring an additional 236 shares during the last quarter. Ritholtz Wealth Management raised its holdings in Northrop Grumman by 31.5% in the 1st quarter. Ritholtz Wealth Management now owns 1,794 shares of the aerospace company's stock valued at $919,000 after acquiring an additional 430 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in Northrop Grumman by 10.5% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,944 shares of the aerospace company's stock valued at $995,000 after acquiring an additional 184 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NOC shares. Barclays raised their price target on shares of Northrop Grumman from $500.00 to $580.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Truist Financial raised their price target on shares of Northrop Grumman from $625.00 to $688.00 and gave the stock a "buy" rating in a report on Wednesday. Robert W. Baird raised their price target on shares of Northrop Grumman from $547.00 to $565.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Morgan Stanley raised their price target on shares of Northrop Grumman from $625.00 to $720.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Royal Bank Of Canada raised their price target on shares of Northrop Grumman from $600.00 to $625.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $613.15.

Northrop Grumman Stock Down 2.8%

Northrop Grumman stock opened at $609.26 on Thursday. 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 Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $640.90. The company has a market capitalization of $87.23 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 6.09 and a beta of 0.10. The firm has a 50 day moving average price of $592.00 and a 200 day moving average price of $535.87.

Northrop Grumman (NYSE:NOC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, beating 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 analysts' expectations of $10.15 billion. During the same quarter last year, the company posted $6.36 EPS. The firm's 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. Research analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman's dividend payout ratio (DPR) is currently 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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