Northrop Grumman Corporation (NYSE:NOC) to Issue $2.47 Quarterly Dividend

Northrop Grumman Corporation (NYSE:NOC) announced a quarterly dividend on Wednesday, August 19th. Stockholders 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) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, August 31st.

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 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 Price Performance

NYSE:NOC opened at $583.14 on Thursday. Northrop Grumman has a 52 week low of $479.02 and a 52 week high of $774.00. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $82.82 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 3.81 and a beta of -0.11. The stock’s 50-day moving average price is $541.15 and its 200-day moving average price is $611.37.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NOC shares. The Goldman Sachs Group dropped their price target on shares of Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Robert W. Baird set a $500.00 target price on shares of Northrop Grumman in a research report on Wednesday, July 22nd. TD Cowen boosted their target price on shares of Northrop Grumman from $550.00 to $590.00 and gave the stock a “hold” rating in a research note on Wednesday. Morgan Stanley set a $745.00 price target on shares of Northrop Grumman in a research note on Wednesday, July 15th. Finally, BTIG Research reiterated a “buy” rating and issued a $815.00 price objective on shares of Northrop Grumman in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $661.30.

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.