Northrop Grumman Corporation $NOC Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN lessened its holdings in Northrop Grumman Corporation (NYSE:NOC) by 3.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,061 shares of the aerospace company’s stock after selling 99 shares during the quarter. OLD National Bancorp IN’s holdings in Northrop Grumman were worth $1,530,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NOC. Brighton Jones LLC raised its position in shares of Northrop Grumman by 176.3% during the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock worth $1,394,000 after acquiring an additional 1,895 shares in the last quarter. Bison Wealth LLC increased its stake in Northrop Grumman by 5.3% in the fourth quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock valued at $301,000 after purchasing an additional 32 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Northrop Grumman by 29.3% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 106 shares of the aerospace company’s stock worth $54,000 after purchasing an additional 24 shares in the last quarter. Vest Financial LLC purchased a new stake in shares of Northrop Grumman during the 1st quarter worth approximately $222,000. Finally, Miracle Mile Advisors LLC lifted its position in shares of Northrop Grumman by 24.9% during the 1st quarter. Miracle Mile Advisors LLC now owns 708 shares of the aerospace company’s stock worth $363,000 after buying an additional 141 shares during the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Price Performance

Shares of NYSE:NOC opened at $619.40 on Tuesday. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $619.71. The stock has a market capitalization of $88.69 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 5.84 and a beta of 0.10. The company has a 50-day simple moving average of $586.12 and a 200-day simple moving average of $530.50. 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 results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.84 by $0.27. The firm had revenue of $10.35 billion for 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 business’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the company posted $6.36 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $2.31 per share. This represents a $9.24 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio is 34.06%.

Analyst Ratings Changes

NOC has been the topic of a number of recent analyst reports. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. 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 research note 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. Robert W. Baird boosted their target price on Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Finally, Susquehanna upped their target price on Northrop Grumman from $557.00 to $650.00 and gave the company a “positive” rating in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $588.85.

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.