3,831 Shares in Northrop Grumman Corporation $NOC Acquired by Itau Unibanco Holding S.A.

Key Points

• Itau Unibanco Holding S.A. acquired 3,831 shares of Northrop Grumman, valued at approximately $1.96 million, as reported in their 13F filing with the SEC for the 1st quarter.
• Multiple research analysts have recently increased their price targets for Northrop Grumman, with Bank of America setting a new target of $650.00 and a consensus price target of $588.85 across ratings.
• Northrop Grumman announced a quarterly dividend of $2.31 per share, set to be paid on September 17th, resulting in an annualized dividend yield of 1.6%.

Itau Unibanco Holding S.A. bought a new stake in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 3,831 shares of the aerospace company's stock, valued at approximately $1,962,000.

Other large investors have also made changes to their positions in the company. IMA Advisory Services Inc. bought a new stake in shares of Northrop Grumman during the first quarter worth $27,000. Banque Cantonale Vaudoise bought a new position in Northrop Grumman in the first quarter valued at $30,000. Wood Tarver Financial Group LLC bought a new position in shares of Northrop Grumman in the 4th quarter valued at about $32,000. Hollencrest Capital Management grew its holdings in shares of Northrop Grumman by 790.0% in the 1st quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company's stock valued at $45,000 after acquiring an additional 79 shares in the last quarter. Finally, HWG Holdings LP bought a new position in shares of Northrop Grumman in the 1st quarter valued at about $46,000. Institutional investors own 83.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Truist Financial restated a "buy" rating and issued a $625.00 price objective (up previously from $550.00) on shares of Northrop Grumman in a report on Wednesday, July 23rd. Wells Fargo & Company restated an "overweight" rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. Susquehanna raised their target price on shares of Northrop Grumman from $557.00 to $650.00 and gave the company a "positive" rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. raised their target price 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. Finally, Royal Bank Of Canada raised their target price on shares of Northrop Grumman from $600.00 to $625.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Northrop Grumman presently has a consensus rating of "Moderate Buy" and a consensus price target of $588.85.

Northrop Grumman Stock Performance

NOC traded up $2.07 on Monday, reaching $589.97. The company had a trading volume of 528,569 shares, compared to its average volume of 699,430. The stock has a market cap of $84.47 billion, a P/E ratio of 21.75, a P/E/G ratio of 5.65 and a beta of 0.13. 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 Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $600.99. The company's fifty day moving average is $550.60 and its 200 day moving average is $509.16.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share for the quarter, topping the consensus estimate of $6.84 by $0.27. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The business had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.15 billion. During the same period last year, the firm posted $6.36 EPS. The firm's revenue for the quarter was up 1.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. As a group, analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

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

Insider Buying and Selling at Northrop Grumman

In related news, CEO Kathy J. Warden sold 7,500 shares of the 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 $3,793,275.00. Following the sale, the chief executive officer owned 201,602 shares of the company's stock, valued at $101,964,243.54. This represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Roshan S. Roeder sold 991 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $490.00, for a total value of $485,590.00. Following the sale, the vice president directly owned 319 shares in the company, valued at approximately $156,310. This trade represents a 75.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,536 shares of company stock worth $8,306,857. 0.23% of the stock is currently owned by company insiders.

Northrop Grumman Company 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.