Consolidated Portfolio Review Corp Buys New Position in Northrop Grumman Corporation $NOC

Consolidated Portfolio Review Corp bought a new stake in Northrop Grumman Corporation (NYSE:NOC) during the second quarter, Holdings Channel.com reports. The fund bought 800 shares of the aerospace company’s stock, valued at approximately $400,000.

A number of other large investors also recently modified their holdings of the business. IMA Advisory Services Inc. acquired a new stake in shares of Northrop Grumman in the first quarter worth $27,000. Saudi Central Bank acquired a new stake in Northrop Grumman in the 1st quarter worth $28,000. Banque Cantonale Vaudoise bought a new position in shares of Northrop Grumman during the 1st quarter worth about $30,000. Flaharty Asset Management LLC bought a new position in shares of Northrop Grumman during the 1st quarter worth about $36,000. Finally, Hollencrest Capital Management raised its position in shares of Northrop Grumman by 790.0% during the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock valued at $45,000 after buying an additional 79 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Barclays lifted their target price on Northrop Grumman from $500.00 to $580.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Royal Bank Of Canada lifted their price objective on Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Robert W. Baird upped their target price on Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $542.00 target price (down from $580.00) on shares of Northrop Grumman in a research report on Tuesday, July 8th. Finally, Susquehanna boosted their price target on shares of Northrop Grumman from $557.00 to $650.00 and gave the company a “positive” rating in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $588.85.

Northrop Grumman Price Performance

Shares of NOC stock opened at $604.89 on Friday. The stock’s fifty day simple moving average is $584.29 and its 200 day simple moving average is $528.24. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $610.85. The firm has a market cap of $86.61 billion, a price-to-earnings ratio of 22.30, a P/E/G ratio of 5.80 and a beta of 0.10. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data 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 company had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $10.15 billion. During the same period last year, the business earned $6.36 earnings per share. The business’s 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. On average, analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The company 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. The ex-dividend date was Tuesday, September 2nd. This represents a $9.24 dividend on an annualized basis and a yield of 1.5%. Northrop Grumman’s payout ratio is 34.06%.

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.