4,193 Shares in Northrop Grumman Corporation $NOC Bought by Caxton Associates LLP

Key Points

• Caxton Associates LLP acquired a new position in Northrop Grumman, purchasing 4,193 shares valued at approximately $2.15 million in the first quarter of the year.
• Northrop Grumman's recent earnings report showed an EPS of $7.11, exceeding expectations, and the company projects an EPS of $25.000-$25.400 for FY 2025.
• The aerospace company declared a quarterly dividend of $2.31 per share, with a current dividend yield of 1.6%, indicating a strong commitment to returning value to shareholders.

Caxton Associates LLP purchased a new position in Northrop Grumman Corporation (NYSE:NOC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,193 shares of the aerospace company's stock, valued at approximately $2,147,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Redhawk Wealth Advisors Inc. increased its stake in shares of Northrop Grumman by 3.0% in the first quarter. Redhawk Wealth Advisors Inc. now owns 644 shares of the aerospace company's stock worth $330,000 after buying an additional 19 shares during the last quarter. Salvus Wealth Management LLC boosted its holdings in Northrop Grumman by 1.5% in the first quarter. Salvus Wealth Management LLC now owns 1,349 shares of the aerospace company's stock worth $691,000 after purchasing an additional 20 shares during the period. IAG Wealth Partners LLC boosted its holdings in Northrop Grumman by 8.4% in the first quarter. IAG Wealth Partners LLC now owns 271 shares of the aerospace company's stock worth $139,000 after purchasing an additional 21 shares during the period. Integrated Investment Consultants LLC boosted its holdings in Northrop Grumman by 3.9% in the first quarter. Integrated Investment Consultants LLC now owns 553 shares of the aerospace company's stock worth $283,000 after purchasing an additional 21 shares during the period. Finally, Bank Pictet & Cie Europe AG boosted its holdings in Northrop Grumman by 2.2% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,006 shares of the aerospace company's stock worth $472,000 after purchasing an additional 22 shares during the period. Institutional investors own 83.40% of the company's stock.

Insider Activity at Northrop Grumman

In related news, VP Thomas H. Jones sold 729 shares of Northrop Grumman stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $505.77, for a total transaction of $368,706.33. Following the sale, the vice president directly owned 7,552 shares in the company, valued at $3,819,575.04. The trade was a 8.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kathy J. Warden sold 7,500 shares of Northrop Grumman stock in a transaction dated Friday, June 13th. The shares were 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 in the company, valued at approximately $101,964,243.54. This represents a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,512 shares of company stock worth $7,805,146 over the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

Northrop Grumman Stock Performance

Shares of NOC opened at $581.51 on Tuesday. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $600.99. The company has a market cap of $83.26 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 5.56 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. The firm has a fifty day moving average of $561.43 and a 200-day moving average of $515.19.

Northrop Grumman (NYSE:NOC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.84 by $0.27. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter in the previous year, the company posted $6.36 earnings per share. The company'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, equities analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd will be paid 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 payout ratio is currently 34.06%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Northrop Grumman from $480.00 to $585.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Robert W. Baird lifted their price objective on shares of Northrop Grumman from $547.00 to $565.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Truist Financial reaffirmed 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. Susquehanna lifted their price objective on shares of Northrop Grumman from $557.00 to $650.00 and gave the stock a "positive" rating in a report on Tuesday, July 22nd. Finally, Barclays boosted their price target on shares of Northrop Grumman from $500.00 to $580.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the company 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.

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