Northrop Grumman Corporation $NOC Shares Bought by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. grew its holdings in Northrop Grumman Corporation (NYSE:NOC) by 24.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,998 shares of the aerospace company’s stock after buying an additional 589 shares during the period. Mufg Securities Americas Inc.’s holdings in Northrop Grumman were worth $1,499,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Saudi Central Bank purchased a new stake in Northrop Grumman during the 1st quarter valued at about $28,000. Banque Cantonale Vaudoise acquired a new position in shares of Northrop Grumman during the 1st quarter worth approximately $30,000. NewSquare Capital LLC grew its position 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 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 approximately $36,000. Finally, AlphaQuest LLC increased its holdings 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 last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Stock Down 0.0%

Shares of NOC opened at $567.08 on Friday. The stock has a market capitalization of $80.93 billion, a PE ratio of 20.40, a P/E/G ratio of 5.07 and a beta of 0.07. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $640.90. 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 company’s 50-day simple moving average is $589.00 and its 200-day simple moving average is $550.74.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share for the quarter, topping 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 analyst estimates of $10.68 billion. During the same quarter in the prior year, the company earned $7.00 earnings per share. The company’s 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. Analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Monday, December 1st will be paid 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 is Monday, December 1st. Northrop Grumman’s dividend payout ratio is presently 33.24%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Susquehanna lifted their price target on Northrop Grumman from $650.00 to $690.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. BNP Paribas Exane initiated coverage on shares of Northrop Grumman in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $710.00 price target for the company. Barclays raised their price target on shares of Northrop Grumman from $500.00 to $580.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. UBS Group upped their price objective on Northrop Grumman to $770.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, Truist Financial raised their target price on Northrop Grumman from $625.00 to $688.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.