Northrop Grumman Corporation $NOC Shares Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. increased its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 46.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 6,279 shares of the aerospace company’s stock after acquiring an additional 1,985 shares during the quarter. Nomura Holdings Inc.’s holdings in Northrop Grumman were worth $3,139,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. First United Bank & Trust lifted its stake in Northrop Grumman by 641.0% in the second quarter. First United Bank & Trust now owns 778 shares of the aerospace company’s stock valued at $389,000 after buying an additional 673 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Northrop Grumman by 1,989.8% in the 1st quarter. Jones Financial Companies Lllp now owns 125,867 shares of the aerospace company’s stock valued at $64,445,000 after acquiring an additional 119,844 shares during the period. Mitchell Mcleod Pugh & Williams Inc. raised its position in Northrop Grumman by 29.4% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 1,848 shares of the aerospace company’s stock valued at $924,000 after purchasing an additional 420 shares during the last quarter. Ally Financial Inc. boosted its stake in Northrop Grumman by 50.0% during the 1st quarter. Ally Financial Inc. now owns 3,000 shares of the aerospace company’s stock worth $1,536,000 after purchasing an additional 1,000 shares during the period. Finally, Mawer Investment Management Ltd. purchased a new position in Northrop Grumman during the 2nd quarter worth $491,985,000. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Mark A. Welsh III sold 97 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $564.08, for a total transaction of $54,715.76. Following the sale, the director owned 4,281 shares of the company’s stock, valued at approximately $2,414,826.48. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.23% of the company’s stock.

Northrop Grumman Stock Up 1.0%

NOC opened at $575.44 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 0.98. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $640.90. The stock has a market capitalization of $82.13 billion, a P/E ratio of 20.70, a P/E/G ratio of 4.93 and a beta of 0.05. The business has a 50 day simple moving average of $579.28 and a 200-day simple moving average of $560.84.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter in the prior year, the business posted $7.00 earnings per share. Northrop Grumman’s revenue was up 4.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, equities analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Monday, December 1st will be paid a $2.31 dividend. The ex-dividend date is Monday, December 1st. This represents a $9.24 annualized dividend and a dividend yield of 1.6%. Northrop Grumman’s dividend payout ratio (DPR) is 33.24%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NOC. Morgan Stanley upped their target price on shares of Northrop Grumman from $625.00 to $720.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. BNP Paribas raised Northrop Grumman to a “strong-buy” rating in a research note on Tuesday, November 18th. JPMorgan Chase & Co. lifted their target price on Northrop Grumman from $575.00 to $640.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Northrop Grumman in a research note on Tuesday, October 14th. Finally, Sanford C. Bernstein set a $696.00 price target on Northrop Grumman in a report on Thursday, October 23rd. Two equities 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.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and an average price target of $651.53.

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.