Northrop Grumman Corporation $NOC Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its position in Northrop Grumman Corporation (NYSE:NOC) by 5.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 181,541 shares of the aerospace company’s stock after selling 10,656 shares during the quarter. Fisher Asset Management LLC owned about 0.13% of Northrop Grumman worth $90,767,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Saudi Central Bank purchased a new stake in shares of Northrop Grumman during the 1st quarter valued at approximately $28,000. Banque Cantonale Vaudoise acquired a new stake in Northrop Grumman during the first quarter worth $30,000. NewSquare Capital LLC increased its stake in Northrop Grumman by 75.0% during 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 last quarter. Flaharty Asset Management LLC purchased a new stake in Northrop Grumman in the first quarter valued at $36,000. Finally, AlphaQuest LLC lifted its stake in shares of Northrop Grumman by 29.2% in the 2nd 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. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NOC shares. BNP Paribas upgraded Northrop Grumman to a “strong-buy” rating in a report on Tuesday, November 18th. Sanford C. Bernstein set a $696.00 target price on shares of Northrop Grumman in a research report on Thursday, October 23rd. BNP Paribas Exane began coverage on shares of Northrop Grumman in a research report on Tuesday, November 18th. They set an “outperform” rating and a $710.00 price target for the company. Deutsche Bank Aktiengesellschaft set a $700.00 price target on shares of Northrop Grumman and gave the company a “buy” rating in a research note on Wednesday, October 8th. Finally, UBS Group upped their price objective on shares of Northrop Grumman to $770.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Two equities research 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, the company has an average rating of “Moderate Buy” and an average price target of $646.94.

Insiders Place Their Bets

In other Northrop Grumman 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 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. The trade was a 2.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is currently owned by corporate insiders.

Northrop Grumman Price Performance

Shares of NYSE NOC opened at $544.81 on Tuesday. The stock’s 50-day moving average is $587.68 and its two-hundred day moving average is $555.01. The company has a market cap of $77.76 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth 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 current ratio of 1.11 and a quick ratio of 0.98.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.43 by $1.24. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The company had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter in the previous year, the firm earned $7.00 earnings per share. The firm’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. Analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Monday, December 1st will be issued a $2.31 dividend. This represents a $9.24 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, December 1st. Northrop Grumman’s dividend payout ratio is 33.24%.

About Northrop Grumman

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.