Arrowstreet Capital Limited Partnership Has $182.90 Million Stock Position in Northrop Grumman Corporation $NOC

Arrowstreet Capital Limited Partnership increased its stake in Northrop Grumman Corporation (NYSE:NOC) by 32.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 365,815 shares of the aerospace company’s stock after purchasing an additional 89,004 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Northrop Grumman were worth $182,900,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in NOC. Saudi Central Bank acquired a new position in Northrop Grumman during the first quarter worth approximately $28,000. Banque Cantonale Vaudoise bought a new position in shares of Northrop Grumman during the first quarter worth approximately $30,000. NewSquare Capital LLC grew its holdings in shares of Northrop Grumman by 75.0% during the 2nd quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 27 shares in the last quarter. Flaharty Asset Management LLC acquired a new position in Northrop Grumman in the first quarter valued at about $36,000. Finally, AlphaQuest LLC boosted its position in shares of Northrop Grumman by 29.2% during the 2nd quarter. AlphaQuest LLC now owns 93 shares of the aerospace company’s stock worth $46,000 after acquiring an additional 21 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Insider Activity at Northrop Grumman

In other news, Director Mark A. Welsh III sold 97 shares of Northrop Grumman stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $564.08, for a total value of $54,715.76. Following the completion of the transaction, the director owned 4,281 shares of the company’s stock, valued at $2,414,826.48. The trade was a 2.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

NOC has been the topic of several research reports. Susquehanna lifted their price target on shares of Northrop Grumman from $650.00 to $690.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. BTIG Research increased their price target on Northrop Grumman from $630.00 to $680.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. BNP Paribas Exane initiated coverage on Northrop Grumman in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $710.00 target price for the company. BNP Paribas upgraded shares of Northrop Grumman to a “strong-buy” rating in a report on Tuesday, November 18th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Northrop Grumman in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Northrop Grumman currently has an average rating of “Moderate Buy” and a consensus target price of $646.94.

Northrop Grumman Stock Performance

NYSE:NOC opened at $547.26 on Wednesday. The business’s 50-day moving average price is $587.10 and its two-hundred day moving average price is $555.54. The stock has a market cap of $78.11 billion, a P/E ratio of 19.69, a PEG ratio of 5.07 and a beta of 0.05. Northrop Grumman Corporation has a twelve month low of $426.24 and a twelve month high of $640.90. The company has a quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 0.95.

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. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The firm had revenue of $10.42 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same period last year, the firm posted $7.00 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, equities analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st will be given a $2.31 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.7%. Northrop Grumman’s dividend payout ratio is currently 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.