Northrop Grumman Corporation (NYSE:NOC) Plans Quarterly Dividend of $2.31

Northrop Grumman Corporation (NYSE:NOC) announced a quarterly dividend on Wednesday, November 19th. Investors of record on Monday, December 1st will be paid a dividend of 2.31 per share by the aerospace company on Wednesday, December 17th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, December 1st.

Northrop Grumman has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 22 years. Northrop Grumman has a payout ratio of 32.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Northrop Grumman to earn $28.99 per share next year, which means the company should continue to be able to cover its $9.24 annual dividend with an expected future payout ratio of 31.9%.

Northrop Grumman Stock Down 0.3%

Shares of NOC opened at $565.16 on Thursday. The firm has a market cap of $80.66 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 5.07 and a beta of 0.07. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 1.11. Northrop Grumman has a 52 week low of $426.24 and a 52 week high of $640.90. The firm’s 50-day simple moving average is $589.45 and its 200 day simple moving average is $549.67.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.43 by $1.24. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The company had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter in the previous year, the company posted $7.00 earnings per share. The business’s revenue was up 4.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, analysts forecast that Northrop Grumman will post 28.05 earnings per share for the current year.

Institutional Investors Weigh In On Northrop Grumman

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Northrop Grumman by 0.8% in the third quarter. Vanguard Group Inc. now owns 13,531,586 shares of the aerospace company’s stock valued at $8,245,066,000 after acquiring an additional 109,941 shares during the last quarter. Soundwatch Capital LLC acquired a new position in shares of Northrop Grumman during the 2nd quarter worth $6,457,274,000. Wellington Management Group LLP lifted its position in shares of Northrop Grumman by 23.4% during the 1st quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company’s stock worth $2,631,390,000 after buying an additional 974,633 shares during the last quarter. Geode Capital Management LLC boosted its stake in Northrop Grumman by 0.5% in the second quarter. Geode Capital Management LLC now owns 3,115,519 shares of the aerospace company’s stock valued at $1,554,299,000 after buying an additional 14,980 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in Northrop Grumman by 2.2% in the third quarter. Franklin Resources Inc. now owns 2,996,284 shares of the aerospace company’s stock valued at $1,825,696,000 after acquiring an additional 63,223 shares during the last quarter. Institutional investors 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.