Northrop Grumman Corporation $NOC Shares Acquired by RB Capital Management LLC

RB Capital Management LLC lifted its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,865 shares of the aerospace company’s stock after acquiring an additional 105 shares during the quarter. RB Capital Management LLC’s holdings in Northrop Grumman were worth $1,932,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. IMA Advisory Services Inc. acquired a new position in shares of Northrop Grumman during the first quarter valued at approximately $27,000. Saudi Central Bank acquired a new position in shares of Northrop Grumman during the first quarter valued at approximately $28,000. Banque Cantonale Vaudoise acquired a new position in Northrop Grumman in the first quarter worth approximately $30,000. Wood Tarver Financial Group LLC acquired a new position in Northrop Grumman in the fourth quarter worth approximately $32,000. Finally, Flaharty Asset Management LLC acquired a new position in Northrop Grumman in the first quarter worth approximately $36,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Stock Down 1.2%

NYSE:NOC opened at $575.91 on Friday. The firm has a market capitalization of $82.46 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 5.58 and a beta of 0.13. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $600.99. 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 business’s fifty day moving average price is $567.43 and its 200 day moving average price is $518.16.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share for the quarter, beating the consensus estimate of $6.84 by $0.27. The firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.15 billion. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.Northrop Grumman’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $6.36 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, sell-side analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd will be paid a $2.31 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.6%. Northrop Grumman’s dividend payout ratio is 34.06%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NOC. Bank of America lifted their price target on shares of Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Wall Street Zen upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Susquehanna lifted their price target on shares of Northrop Grumman from $557.00 to $650.00 and gave the stock a “positive” rating in a research report on Tuesday, July 22nd. Wells Fargo & Company restated an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Northrop Grumman in a research report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $588.85.

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.