VestGen Advisors LLC Decreases Holdings in Northrop Grumman Corporation $NOC

VestGen Advisors LLC reduced its position in Northrop Grumman Corporation (NYSE:NOC) by 15.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,656 shares of the aerospace company’s stock after selling 478 shares during the period. VestGen Advisors LLC’s holdings in Northrop Grumman were worth $1,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Schroder Investment Management Group lifted its holdings in Northrop Grumman by 1.0% in the second quarter. Schroder Investment Management Group now owns 8,297 shares of the aerospace company’s stock valued at $4,148,000 after acquiring an additional 80 shares during the period. Mackenzie Financial Corp increased its position in shares of Northrop Grumman by 4.0% during the 2nd quarter. Mackenzie Financial Corp now owns 165,507 shares of the aerospace company’s stock valued at $82,750,000 after purchasing an additional 6,307 shares during the last quarter. Virtus Investment Advisers LLC purchased a new stake in shares of Northrop Grumman during the 2nd quarter valued at about $1,464,000. F m Investments LLC lifted its stake in shares of Northrop Grumman by 0.3% in the 2nd quarter. F m Investments LLC now owns 28,725 shares of the aerospace company’s stock worth $14,362,000 after purchasing an additional 98 shares during the period. Finally, Scotia Capital Inc. grew its position in Northrop Grumman by 11.6% during the second quarter. Scotia Capital Inc. now owns 2,490 shares of the aerospace company’s stock valued at $1,245,000 after buying an additional 258 shares during the period. Institutional investors own 83.40% of the company’s stock.

Insiders Place Their Bets

In other Northrop Grumman news, Director Mark A. Welsh III sold 97 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were 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. This trade represents a 2.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.23% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on NOC. Deutsche Bank Aktiengesellschaft set a $700.00 price target on shares of Northrop Grumman and gave the stock a “buy” rating in a research report on Wednesday, October 8th. BTIG Research raised their target price on Northrop Grumman from $630.00 to $680.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Morgan Stanley lifted their target price on Northrop Grumman from $625.00 to $720.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Sanford C. Bernstein set a $696.00 price target on Northrop Grumman in a report on Thursday, October 23rd. Finally, BNP Paribas Exane began coverage on Northrop Grumman in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $710.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $646.94.

Northrop Grumman Trading Down 4.8%

Shares of Northrop Grumman stock opened at $544.81 on Tuesday. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week 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 has a market capitalization of $77.76 billion, a P/E ratio of 19.60, a P/E/G ratio of 5.07 and a beta of 0.07. The company has a fifty day moving average of $587.68 and a 200 day moving average of $555.01.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, beating 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 analysts’ expectations of $10.68 billion. During the same period last year, the firm earned $7.00 earnings per share. The business’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. On average, sell-side analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, December 1st. This represents a $9.24 dividend on an annualized basis and a yield of 1.7%. Northrop Grumman’s payout ratio is currently 33.24%.

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.