Retireful LLC Makes New Investment in Northrop Grumman Corporation $NOC

Retireful LLC bought a new stake in shares of Northrop Grumman Corporation (NYSE:NOC) in the third quarter, Holdings Channel reports. The firm bought 1,303 shares of the aerospace company’s stock, valued at approximately $794,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Northrop Grumman by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 13,421,645 shares of the aerospace company’s stock valued at $6,710,554,000 after purchasing an additional 155,344 shares in the last quarter. Soundwatch Capital LLC acquired a new position in Northrop Grumman during the second quarter worth $6,457,274,000. Geode Capital Management LLC raised its holdings in Northrop Grumman by 0.5% during the second quarter. Geode Capital Management LLC now owns 3,115,519 shares of the aerospace company’s stock valued at $1,554,299,000 after buying an additional 14,980 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Northrop Grumman by 11.8% in the second quarter. Franklin Resources Inc. now owns 2,933,061 shares of the aerospace company’s stock worth $1,466,472,000 after buying an additional 308,680 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Northrop Grumman by 12.0% in the first quarter. Royal Bank of Canada now owns 1,115,625 shares of the aerospace company’s stock worth $571,211,000 after buying an additional 119,693 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Price Performance

Shares of NYSE:NOC opened at $577.11 on Monday. The firm has a market capitalization of $82.37 billion, a PE ratio of 20.76, a PEG ratio of 4.97 and a beta of 0.05. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $640.90. The business’s 50 day moving average is $571.29 and its 200-day moving average is $566.28. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95.

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

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, December 1st were given 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 was Monday, December 1st. Northrop Grumman’s dividend payout ratio (DPR) is 33.24%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

NOC has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Northrop Grumman in a research note on Wednesday. Alembic Global Advisors raised shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $662.00 price target on the stock in a research report on Monday, December 15th. UBS Group upped their price objective on shares of Northrop Grumman to $770.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft set a $700.00 price objective on Northrop Grumman and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price target on Northrop Grumman from $575.00 to $640.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Northrop Grumman has a consensus rating of “Moderate Buy” and a consensus target price of $651.18.

About Northrop Grumman

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.