Northrop Grumman (NYSE:NOC) Issues FY 2025 Earnings Guidance

Northrop Grumman (NYSE:NOC - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 25.000-25.400 for the period, compared to the consensus earnings per share estimate of 25.214. The company issued revenue guidance of $42.1 billion-$42.3 billion, compared to the consensus revenue estimate of $42.1 billion.

Northrop Grumman Stock Up 0.1%

Northrop Grumman stock traded up $0.53 during mid-day trading on Thursday, hitting $569.03. 684,786 shares of the company's stock were exchanged, compared to its average volume of 1,025,169. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.98. The stock has a market cap of $81.90 billion, a P/E ratio of 20.97, a P/E/G ratio of 7.41 and a beta of 0.15. Northrop Grumman has a 1-year low of $426.24 and a 1-year high of $576.86. The stock has a 50 day moving average of $497.43 and a two-hundred day moving average of $488.96.

Northrop Grumman (NYSE:NOC - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, topping the consensus estimate of $6.84 by $0.27. The firm had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.15 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The business's quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $6.36 earnings per share. As a group, analysts anticipate that Northrop Grumman will post 28.05 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were given a dividend of $2.31 per share. This represents a $9.24 annualized dividend and a yield of 1.62%. This is an increase from Northrop Grumman's previous quarterly dividend of $2.06. The ex-dividend date was Monday, June 2nd. Northrop Grumman's dividend payout ratio is presently 34.06%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Robert W. Baird upped their price target on shares of Northrop Grumman from $547.00 to $565.00 and gave the company a "neutral" rating in a report on Wednesday. Truist Financial restated a "buy" rating and set a $625.00 price target (up from $550.00) on shares of Northrop Grumman in a report on Wednesday. Bank of America upped their price target on shares of Northrop Grumman from $550.00 to $650.00 and gave the company a "buy" rating in a report on Wednesday. Morgan Stanley upped their price target on shares of Northrop Grumman from $580.00 to $625.00 and gave the company an "overweight" rating in a report on Wednesday, April 16th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $542.00 price target (down from $580.00) on shares of Northrop Grumman in a report on Tuesday, July 8th. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $576.67.

Insider Activity at Northrop Grumman

In other news, VP Robert J. Fleming sold 3,500 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $505.77, for a total transaction of $1,770,195.00. Following the completion of the transaction, the vice president owned 1,827 shares of the company's stock, valued at approximately $924,041.79. This represents a 65.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Roshan S. Roeder sold 991 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $490.00, for a total transaction of $485,590.00. Following the transaction, the vice president directly owned 319 shares of the company's stock, valued at $156,310. This represents a 75.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,569 shares of company stock worth $8,323,150 over the last ninety days. Corporate insiders own 0.23% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NOC. Bison Wealth LLC raised its position in Northrop Grumman by 5.3% in the fourth quarter. Bison Wealth LLC now owns 641 shares of the aerospace company's stock worth $301,000 after purchasing an additional 32 shares in the last quarter. Woodline Partners LP raised its position in Northrop Grumman by 367.7% in the first quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company's stock worth $1,288,000 after purchasing an additional 1,978 shares in the last quarter. Finally, Brighton Jones LLC raised its position in Northrop Grumman by 176.3% in the fourth quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company's stock worth $1,394,000 after purchasing an additional 1,895 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company's stock.

Northrop Grumman Company 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.