Northrop Grumman Corporation (NOC) to Issue Quarterly Dividend of $2.47 on September 16th

Northrop Grumman Corporation (NYSE:NOC) declared a quarterly dividend on Wednesday, August 19th. Investors of record on Monday, August 31st will be given a dividend of 2.47 per share by the aerospace company on Wednesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, August 31st.

Northrop Grumman has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 22 consecutive years. Northrop Grumman has a payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Northrop Grumman to earn $30.44 per share next year, which means the company should continue to be able to cover its $9.88 annual dividend with an expected future payout ratio of 32.5%.

Northrop Grumman Stock Up 0.1%

NOC opened at $545.83 on Friday. Northrop Grumman has a fifty-two week low of $479.02 and a fifty-two week high of $774.00. The firm has a market capitalization of $77.52 billion, a P/E ratio of 17.34, a PEG ratio of 3.53 and a beta of -0.11. The company’s 50-day moving average is $542.33 and its 200 day moving average is $604.78. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.82 by $0.86. The business had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Research analysts expect that Northrop Grumman will post 28.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on NOC shares. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $653.00 price target on shares of Northrop Grumman in a research report on Wednesday, August 5th. JPMorgan Chase & Co. cut their price objective on Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating on the stock in a research report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft set a $615.00 price objective on Northrop Grumman in a research note on Wednesday, July 22nd. Susquehanna decreased their target price on Northrop Grumman from $785.00 to $655.00 and set a “positive” rating for the company in a research report on Wednesday, July 22nd. Finally, The Goldman Sachs Group lowered their target price on Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and an average price target of $661.30.

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.