Norinchukin Bank The Increases Stock Position in Northrop Grumman Corporation $NOC

Norinchukin Bank The boosted its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 16.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 7,804 shares of the aerospace company’s stock after purchasing an additional 1,107 shares during the period. Norinchukin Bank The’s holdings in Northrop Grumman were worth $3,996,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. IMA Advisory Services Inc. purchased a new stake in Northrop Grumman during the 1st quarter valued at approximately $27,000. Banque Cantonale Vaudoise purchased a new position in shares of Northrop Grumman during the 1st quarter worth approximately $30,000. Wood Tarver Financial Group LLC purchased a new position in shares of Northrop Grumman during the 4th quarter worth approximately $32,000. Bellwether Advisors LLC purchased a new stake in shares of Northrop Grumman during the 4th quarter worth $33,000. Finally, Hollencrest Capital Management grew its holdings in shares of Northrop Grumman by 790.0% in the 1st quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock worth $45,000 after acquiring an additional 79 shares during the period. 83.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NOC shares. JPMorgan Chase & Co. upped their price target on Northrop Grumman from $480.00 to $585.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Sanford C. Bernstein restated a “market perform” rating on shares of Northrop Grumman in a report on Monday, July 14th. Bank of America raised their target price on shares of Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Barclays raised their target price on shares of Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $542.00 price target (down from $580.00) on shares of Northrop Grumman in a report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Northrop Grumman currently has a consensus rating of “Moderate Buy” and an average target price of $586.79.

Northrop Grumman Stock Up 0.8%

Shares of NYSE:NOC opened at $597.19 on Friday. The stock’s 50-day moving average price is $539.97 and its two-hundred day moving average price is $503.70. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $598.83. The firm has a market cap of $85.51 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 5.67 and a beta of 0.15.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.84 by $0.27. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The company had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $10.15 billion. During the same period in the previous year, the company earned $6.36 EPS. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, research analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd will be issued a $2.31 dividend. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 2nd. Northrop Grumman’s payout ratio is 34.06%.

Insider Transactions at Northrop Grumman

In other news, VP Thomas H. Jones sold 729 shares of the business’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $505.77, for a total value of $368,706.33. Following the completion of the sale, the vice president directly owned 7,552 shares in the company, valued at approximately $3,819,575.04. The trade was a 8.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert J. Fleming sold 3,500 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $505.77, for a total transaction of $1,770,195.00. Following the sale, the vice president owned 1,827 shares in the company, valued at approximately $924,041.79. This trade represents a 65.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,536 shares of company stock valued at $8,306,857 over the last 90 days. Insiders own 0.23% of the company’s stock.

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.