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

Northrop Grumman Corporation (NYSE:NOC) announced a quarterly dividend on Tuesday, February 10th. Investors of record on Monday, February 23rd will be given a dividend of 2.31 per share by the aerospace company on Wednesday, March 11th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, February 23rd.

Northrop Grumman has increased 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. Equities 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 0.7%

NOC stock traded down $4.76 during midday trading on Wednesday, hitting $680.25. The stock had a trading volume of 352,046 shares, compared to its average volume of 1,111,612. The business has a 50-day moving average of $618.32 and a two-hundred day moving average of $596.73. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.10 and a quick ratio of 1.01. The firm has a market cap of $96.54 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 5.18 and a beta of 0.04. Northrop Grumman has a 52-week low of $426.24 and a 52-week high of $715.61.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Tuesday, January 27th. The aerospace company reported $7.23 EPS for the quarter, beating analysts’ consensus estimates of $6.97 by $0.26. The firm had revenue of $11.71 billion for the quarter, compared to analysts’ expectations of $11.61 billion. Northrop Grumman had a net margin of 9.97% and a return on equity of 25.57%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.39 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, equities research analysts forecast that Northrop Grumman will post 28.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on NOC shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $765.00 price objective on shares of Northrop Grumman in a research report on Thursday, January 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Northrop Grumman in a report on Wednesday, December 24th. Bank of America boosted their price objective on shares of Northrop Grumman from $685.00 to $750.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Susquehanna reiterated a “positive” rating and set a $752.00 target price on shares of Northrop Grumman in a research note on Thursday, January 15th. Finally, Truist Financial restated a “hold” rating and issued a $623.00 price target (down previously from $688.00) on shares of Northrop Grumman in a research note on Friday, January 9th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Northrop Grumman currently has an average rating of “Moderate Buy” and a consensus target price of $693.60.

Northrop Grumman Company Profile

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.