Cim Investment Management Inc. Buys 939 Shares of Northrop Grumman Corporation $NOC

Cim Investment Management Inc. lifted its stake in Northrop Grumman Corporation (NYSE:NOC) by 99.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,882 shares of the aerospace company’s stock after acquiring an additional 939 shares during the quarter. Cim Investment Management Inc.’s holdings in Northrop Grumman were worth $912,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Parvin Asset Management LLC bought a new stake in Northrop Grumman in the 2nd quarter worth approximately $25,000. Saudi Central Bank purchased a new position in shares of Northrop Grumman in the 1st quarter worth $28,000. NewSquare Capital LLC grew its holdings in shares of Northrop Grumman by 75.0% in the second quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 27 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in Northrop Grumman during the second quarter valued at $31,000. Finally, Flaharty Asset Management LLC bought a new position in Northrop Grumman in the first quarter valued at about $36,000. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Up 1.7%

NOC opened at $569.50 on Friday. The stock has a market cap of $81.28 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 4.96 and a beta of 0.05. 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 firm’s fifty day moving average is $580.16 and its 200 day moving average is $559.57. 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, beating analysts’ consensus estimates of $6.43 by $1.24. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The business had revenue of $10.42 billion for the quarter, compared to analysts’ expectations of $10.68 billion. During the same period last year, the firm earned $7.00 earnings per share. The business’s quarterly revenue was up 4.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, sell-side analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Monday, December 1st will be paid 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 dividend payout ratio is presently 33.24%.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, Director Mark A. Welsh III sold 97 shares of the 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 directly owned 4,281 shares of the company’s stock, 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 SEC, which is available through the SEC website. 0.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NOC. Deutsche Bank Aktiengesellschaft set a $700.00 price target on Northrop Grumman and gave the company a “buy” rating in a research note on Wednesday, October 8th. BTIG Research boosted their target price on shares of Northrop Grumman from $630.00 to $680.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Sanford C. Bernstein set a $696.00 target price on shares of Northrop Grumman in a report on Thursday, October 23rd. BNP Paribas upgraded shares of Northrop Grumman to a “strong-buy” rating in a research note on Tuesday, November 18th. Finally, Susquehanna upped their price objective on Northrop Grumman from $650.00 to $690.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $650.88.

Northrop Grumman Company 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.