Northrop Grumman Corporation (NOC) To Go Ex-Dividend on February 23rd

Northrop Grumman Corporation (NYSE:NOC) declared a quarterly dividend on Tuesday, February 10th. Stockholders 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 1.3%. The ex-dividend date of this dividend is Monday, February 23rd.

Northrop Grumman has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 22 years. Northrop Grumman has a dividend payout ratio of 32.2% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of NOC stock opened at $722.73 on Friday. The company has a market capitalization of $102.57 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 5.47 and a beta of 0.04. Northrop Grumman has a 12 month low of $437.83 and a 12 month high of $745.55. The firm’s 50-day moving average is $642.66 and its two-hundred day moving average is $603.67. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.10 and a quick ratio of 1.01.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, January 27th. The aerospace company reported $7.23 EPS for the quarter, topping the consensus estimate of $6.97 by $0.26. The business had revenue of $11.71 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.39 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Analysts predict that Northrop Grumman will post 28.05 earnings per share for the current year.

Insider Transactions at Northrop Grumman

In other news, VP Benjamin R. Davies sold 2,189 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $719.61, for a total value of $1,575,226.29. Following the transaction, the vice president directly owned 151 shares of the company’s stock, valued at $108,661.11. The trade was a 93.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Michael A. Hardesty sold 147 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $732.98, for a total transaction of $107,748.06. Following the completion of the sale, the chief accounting officer owned 2,525 shares of the company’s stock, valued at $1,850,774.50. The trade was a 5.50% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 32,528 shares of company stock worth $22,024,120. Insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On Northrop Grumman

Several hedge funds have recently added to or reduced their stakes in the stock. Parvin Asset Management LLC bought a new position in Northrop Grumman during the second quarter worth about $25,000. Torren Management LLC acquired a new position in Northrop Grumman during the fourth quarter worth approximately $26,000. Karpus Management Inc. bought a new stake in shares of Northrop Grumman during the 4th quarter worth about $26,000. Financial Life Planners acquired a new position in shares of Northrop Grumman in the third quarter valued at about $27,000. Finally, Physician Wealth Advisors Inc. grew its holdings in shares of Northrop Grumman by 200.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

About Northrop Grumman

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.