Northrop Grumman Corporation $NOC Shares Sold by Choreo LLC

Choreo LLC lowered its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 4.2% during the second quarter, HoldingsChannel.com reports. The firm owned 4,794 shares of the aerospace company’s stock after selling 208 shares during the period. Choreo LLC’s holdings in Northrop Grumman were worth $2,397,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NOC. Saudi Central Bank purchased a new position in shares of Northrop Grumman during the 1st quarter valued at approximately $28,000. Banque Cantonale Vaudoise acquired a new position in Northrop Grumman during the first quarter worth $30,000. NewSquare Capital LLC lifted its holdings in Northrop Grumman by 75.0% during the second quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 27 shares in the last quarter. Flaharty Asset Management LLC acquired a new stake in shares of Northrop Grumman in the first quarter valued at about $36,000. Finally, AlphaQuest LLC grew its position in shares of Northrop Grumman by 29.2% in the second quarter. AlphaQuest LLC now owns 93 shares of the aerospace company’s stock valued at $46,000 after purchasing an additional 21 shares during the period. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Sanford C. Bernstein set a $696.00 price target on shares of Northrop Grumman in a research report on Thursday, October 23rd. JPMorgan Chase & Co. boosted their price objective on Northrop Grumman from $575.00 to $640.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Northrop Grumman in a research report on Tuesday, October 14th. Truist Financial lifted their price target on Northrop Grumman from $625.00 to $688.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, UBS Group increased their price objective on Northrop Grumman to $770.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $646.94.

Insider Buying and Selling at Northrop Grumman

In other news, Director Mark A. Welsh III sold 97 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $564.08, for a total transaction of $54,715.76. Following the completion of the sale, the director owned 4,281 shares in the company, valued at $2,414,826.48. This trade represents a 2.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.23% of the stock is currently owned by company insiders.

Northrop Grumman Stock Performance

NYSE NOC opened at $567.44 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 1.11. The stock’s fifty day moving average is $588.31 and its two-hundred day moving average is $552.59. The firm has a market capitalization of $80.99 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 5.07 and a beta of 0.07. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $640.90.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, topping the consensus estimate of $6.43 by $1.24. The business had revenue of $10.42 billion for the quarter, compared to analyst estimates of $10.68 billion. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.00 EPS. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, research analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Monday, December 1st will be issued a $2.31 dividend. This represents a $9.24 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, December 1st. Northrop Grumman’s payout ratio is presently 33.24%.

Northrop Grumman Profile

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company’s Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.