Mitsubishi UFJ Trust & Banking Corp Sells 5,564 Shares of Northrop Grumman Corporation $NOC

Mitsubishi UFJ Trust & Banking Corp cut its holdings in Northrop Grumman Corporation (NYSE:NOC) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,932 shares of the aerospace company’s stock after selling 5,564 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Northrop Grumman were worth $47,464,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. IMA Advisory Services Inc. purchased a new stake in Northrop Grumman during the 1st quarter valued at about $27,000. Saudi Central Bank bought a new stake in Northrop Grumman in the first quarter valued at approximately $28,000. Banque Cantonale Vaudoise purchased a new stake in shares of Northrop Grumman during the first quarter valued at approximately $30,000. NewSquare Capital LLC boosted its stake in shares of Northrop Grumman by 75.0% during the second quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 27 shares during the period. Finally, Flaharty Asset Management LLC bought a new position in shares of Northrop Grumman in the first quarter worth approximately $36,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. UBS Group increased their price target on shares of Northrop Grumman to $770.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada increased their target price on shares of Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $700.00 price target on Northrop Grumman and gave the company a “buy” rating in a report on Wednesday, October 8th. BTIG Research upped their price target on Northrop Grumman from $630.00 to $680.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Susquehanna lifted their price objective on Northrop Grumman from $650.00 to $690.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Northrop Grumman presently has a consensus rating of “Moderate Buy” and an average price target of $642.73.

Northrop Grumman Trading Down 1.4%

NYSE NOC opened at $558.63 on Thursday. The firm has a market capitalization of $79.73 billion, a PE ratio of 20.09, a P/E/G ratio of 5.07 and a beta of 0.07. The stock’s 50 day moving average is $591.09 and its 200 day moving average is $547.02. Northrop Grumman Corporation has a twelve month low of $426.24 and a twelve month high of $640.90. The company has a quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 0.95.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, beating the consensus estimate of $6.43 by $1.24. The business had revenue of $10.42 billion during the quarter, compared to analyst estimates of $10.68 billion. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $7.00 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Research analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were paid a $2.31 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $9.24 annualized dividend and a dividend yield of 1.7%. Northrop Grumman’s dividend payout ratio is presently 33.24%.

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.