Retireful LLC Makes New Investment in Northrop Grumman Corporation $NOC

Retireful LLC bought a new position in Northrop Grumman Corporation (NYSE:NOC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,303 shares of the aerospace company’s stock, valued at approximately $794,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Northrop Grumman by 1.2% during the second quarter. Vanguard Group Inc. now owns 13,421,645 shares of the aerospace company’s stock worth $6,710,554,000 after purchasing an additional 155,344 shares during the period. Soundwatch Capital LLC bought a new position in shares of Northrop Grumman during the second quarter valued at approximately $6,457,274,000. Geode Capital Management LLC boosted its stake in Northrop Grumman by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 3,115,519 shares of the aerospace company’s stock valued at $1,554,299,000 after purchasing an additional 14,980 shares during the period. Franklin Resources Inc. raised its holdings in shares of Northrop Grumman by 11.8% during the second quarter. Franklin Resources Inc. now owns 2,933,061 shares of the aerospace company’s stock valued at $1,466,472,000 after buying an additional 308,680 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Northrop Grumman by 12.0% during the first quarter. Royal Bank of Canada now owns 1,115,625 shares of the aerospace company’s stock worth $571,211,000 after buying an additional 119,693 shares during the period. 83.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NOC. Sanford C. Bernstein set a $696.00 target price on Northrop Grumman in a research note on Thursday, October 23rd. Truist Financial lifted their price target on Northrop Grumman from $625.00 to $688.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. BTIG Research upped their price objective on Northrop Grumman from $630.00 to $680.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Susquehanna lifted their target price on Northrop Grumman from $650.00 to $690.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Northrop Grumman in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $651.18.

Northrop Grumman Stock Performance

Shares of NYSE NOC opened at $577.11 on Monday. The stock’s fifty day simple moving average is $571.29 and its 200 day simple moving average is $566.28. The stock has a market capitalization of $82.37 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 4.97 and a beta of 0.05. The company has a quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 0.95. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $640.90.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results 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 firm had revenue of $10.42 billion for the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter last year, the business posted $7.00 EPS. Northrop Grumman’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. As a group, 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 company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, December 1st were given a $2.31 dividend. This represents a $9.24 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, December 1st. Northrop Grumman’s dividend payout ratio is 33.24%.

Insider Buying and Selling

In related news, Director Mark A. Welsh III sold 97 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $564.08, for a total value of $54,715.76. Following the completion of the transaction, the director owned 4,281 shares of the company’s stock, valued at approximately $2,414,826.48. This trade represents a 2.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

Northrop Grumman Profile

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.