Northrop Grumman Corporation (NYSE:NOC) Increases Dividend to $2.47 Per Share

Northrop Grumman Corporation (NYSE:NOC) declared a quarterly dividend on Tuesday, May 19th. Shareholders of record on Monday, June 1st will be given a dividend of 2.47 per share by the aerospace company on Wednesday, June 17th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. This is a 6.9% increase from Northrop Grumman’s previous quarterly dividend of $2.31.

Northrop Grumman has increased 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 payout ratio of 32.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Northrop Grumman to earn $30.22 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 30.6%.

Northrop Grumman Stock Up 1.1%

Shares of NYSE:NOC opened at $555.83 on Wednesday. The company has a market capitalization of $78.95 billion, a PE ratio of 17.40, a P/E/G ratio of 3.75 and a beta of -0.11. The company has a current ratio of 1.15, a quick ratio of 1.04 and a debt-to-equity ratio of 0.84. Northrop Grumman has a twelve month low of $468.29 and a twelve month high of $774.00. The firm has a 50 day simple moving average of $647.70 and a 200-day simple moving average of $633.35.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share for the quarter, topping the consensus estimate of $6.06 by $0.08. The business had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.75 billion. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.06 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, equities analysts predict that Northrop Grumman will post 27.92 EPS for the current fiscal year.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, CAO Michael A. Hardesty sold 147 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $732.98, for a total value of $107,748.06. Following the transaction, the chief accounting officer directly owned 2,525 shares of the company’s stock, valued at approximately $1,850,774.50. The trade was a 5.50% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On Northrop Grumman

A number of institutional investors and hedge funds have recently made changes to their positions in NOC. Capital World Investors grew its stake in shares of Northrop Grumman by 39.4% during the 4th quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock worth $1,958,151,000 after purchasing an additional 970,029 shares during the period. J. Stern & Co. LLP grew its stake in shares of Northrop Grumman by 56,920.9% during the 4th quarter. J. Stern & Co. LLP now owns 421,955 shares of the aerospace company’s stock worth $240,603,000 after purchasing an additional 421,215 shares during the period. Jennison Associates LLC grew its stake in shares of Northrop Grumman by 272.8% during the 4th quarter. Jennison Associates LLC now owns 401,664 shares of the aerospace company’s stock worth $229,033,000 after purchasing an additional 293,909 shares during the period. Holocene Advisors LP acquired a new position in shares of Northrop Grumman during the 3rd quarter worth $137,280,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Northrop Grumman by 26.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,051,226 shares of the aerospace company’s stock worth $640,534,000 after purchasing an additional 221,431 shares during the period. 83.40% of the stock is owned by institutional investors and hedge funds.

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.