Legal & General Group Plc Buys 16,944 Shares of Northrop Grumman Corporation $NOC

Legal & General Group Plc grew its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 2.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 717,107 shares of the aerospace company’s stock after buying an additional 16,944 shares during the quarter. Legal & General Group Plc owned approximately 0.50% of Northrop Grumman worth $358,539,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. First United Bank & Trust boosted its position in Northrop Grumman by 641.0% during the 2nd quarter. First United Bank & Trust now owns 778 shares of the aerospace company’s stock worth $389,000 after buying an additional 673 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Northrop Grumman by 12.2% during the first quarter. Goldman Sachs Group Inc. now owns 792,707 shares of the aerospace company’s stock valued at $405,874,000 after acquiring an additional 86,215 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Northrop Grumman by 1,989.8% during the first quarter. Jones Financial Companies Lllp now owns 125,867 shares of the aerospace company’s stock worth $64,445,000 after purchasing an additional 119,844 shares during the period. Mitchell Mcleod Pugh & Williams Inc. grew its stake in shares of Northrop Grumman by 29.4% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 1,848 shares of the aerospace company’s stock worth $924,000 after purchasing an additional 420 shares during the last quarter. Finally, Ally Financial Inc. increased its holdings in Northrop Grumman by 50.0% in the first quarter. Ally Financial Inc. now owns 3,000 shares of the aerospace company’s stock valued at $1,536,000 after purchasing an additional 1,000 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Price Performance

Shares of NOC opened at $567.08 on Friday. The firm has a market cap of $80.93 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 5.07 and a beta of 0.07. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $640.90. The business’s 50 day moving average price is $589.00 and its two-hundred day moving average price is $550.74. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 1.11.

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

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st will be given a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, December 1st. Northrop Grumman’s dividend payout ratio is 33.24%.

Analyst Ratings Changes

NOC has been the topic of several recent research reports. Truist Financial lifted their target price on Northrop Grumman from $625.00 to $688.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Susquehanna lifted 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. UBS Group increased their target price on shares of Northrop Grumman to $770.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft set a $700.00 price target on shares of Northrop Grumman and gave the stock a “buy” rating in a report on Wednesday, October 8th. Finally, BNP Paribas raised shares of Northrop Grumman to a “strong-buy” rating in a research note on Tuesday, November 18th. Two investment 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 stock. Based on data from MarketBeat.com, Northrop Grumman has an average rating of “Moderate Buy” and an average target price of $646.94.

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.