Credit Agricole S A Buys 1,286 Shares of Northrop Grumman Corporation $NOC

Credit Agricole S A lifted its stake in Northrop Grumman Corporation (NYSE:NOC) by 3.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,442 shares of the aerospace company’s stock after acquiring an additional 1,286 shares during the period. Credit Agricole S A’s holdings in Northrop Grumman were worth $18,147,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. IMA Advisory Services Inc. bought a new position in shares of Northrop Grumman in the first quarter worth $27,000. Banque Cantonale Vaudoise purchased a new stake in shares of Northrop Grumman in the first quarter worth $30,000. Wood Tarver Financial Group LLC purchased a new stake in shares of Northrop Grumman in the fourth quarter worth $32,000. Bellwether Advisors LLC purchased a new stake in shares of Northrop Grumman in the fourth quarter worth $33,000. Finally, Hollencrest Capital Management raised its position in shares of Northrop Grumman by 790.0% in the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock worth $45,000 after buying an additional 79 shares in the last quarter. 83.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NOC shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $542.00 price objective (down previously from $580.00) on shares of Northrop Grumman in a research report on Tuesday, July 8th. Truist Financial reiterated a “buy” rating and issued a $625.00 price objective (up previously from $550.00) on shares of Northrop Grumman in a research report on Wednesday, July 23rd. Robert W. Baird increased their price objective on Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Sanford C. Bernstein reiterated a “market perform” rating on shares of Northrop Grumman in a research report on Monday, July 14th. Finally, Susquehanna increased their price objective on Northrop Grumman from $557.00 to $650.00 and gave the stock a “positive” rating in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and a consensus target price of $586.79.

Northrop Grumman Trading Up 1.1%

NYSE NOC opened at $592.7550 on Thursday. The stock’s 50-day simple moving average is $537.97 and its two-hundred day simple moving average is $502.95. Northrop Grumman Corporation has a twelve month low of $426.24 and a twelve month high of $595.32. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $84.87 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 5.61 and a beta of 0.15.

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

Northrop Grumman Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a yield of 1.6%. Northrop Grumman’s payout ratio is 34.06%.

Insider Buying and Selling

In other news, VP Robert J. Fleming sold 3,500 shares of Northrop Grumman stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $505.77, for a total value of $1,770,195.00. Following the transaction, the vice president owned 1,827 shares in the company, valued at approximately $924,041.79. The trade was a 65.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Roshan S. Roeder sold 991 shares of Northrop Grumman stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $490.00, for a total value of $485,590.00. Following the completion of the transaction, the vice president owned 319 shares in the company, valued at approximately $156,310. This represents a 75.65% 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 worth $8,306,857 in the last ninety days. Corporate insiders own 0.23% of the company’s stock.

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.