425 Shares in Northrop Grumman Corporation $NOC Purchased by Birmingham Capital Management Co. Inc. AL

Birmingham Capital Management Co. Inc. AL bought a new stake in Northrop Grumman Corporation (NYSE:NOC) during the 1st quarter, Holdings Channel.com reports. The fund bought 425 shares of the aerospace company’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NOC. IMA Advisory Services Inc. bought a new position in shares of Northrop Grumman during the 1st quarter worth approximately $27,000. Saudi Central Bank bought a new position in shares of Northrop Grumman during the 1st quarter worth approximately $28,000. Banque Cantonale Vaudoise bought a new position in shares of Northrop Grumman during the 1st quarter worth approximately $30,000. Wood Tarver Financial Group LLC purchased a new stake in Northrop Grumman in the fourth quarter valued at about $32,000. Finally, Flaharty Asset Management LLC purchased a new stake in Northrop Grumman in the first quarter valued at about $36,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

NYSE NOC opened at $579.48 on Thursday. The stock has a 50-day simple moving average of $564.40 and a two-hundred day simple moving average of $516.02. The firm has a market capitalization of $82.97 billion, a P/E ratio of 21.36, a PEG ratio of 5.47 and a beta of 0.13. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $600.99. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data 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. The business had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.15 billion. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The company’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, equities analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $2.31 per share. This represents a $9.24 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio is presently 34.06%.

Analysts Set New Price Targets

A number of equities research analysts have commented on NOC shares. Robert W. Baird increased their price target on Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada boosted their price target on Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Wall Street Zen upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. JPMorgan Chase & Co. upped their price objective on shares of Northrop Grumman from $480.00 to $585.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Finally, Bank of America upped their price objective on shares of Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Northrop Grumman currently has a consensus rating of “Moderate Buy” and a consensus price target of $588.85.

Insider Transactions at Northrop Grumman

In other news, VP Robert J. Fleming sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $505.77, for a total transaction of $1,770,195.00. Following the completion of the transaction, the vice president directly owned 1,827 shares of the company’s stock, valued at $924,041.79. This represents a 65.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Kathy J. Warden sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $505.77, for a total value of $3,793,275.00. Following the transaction, the chief executive officer directly owned 201,602 shares of the company’s stock, valued at approximately $101,964,243.54. The trade was a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,762 shares of company stock valued at $5,948,896 in the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

Northrop Grumman 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.