Northrop Grumman Corporation $NOC Shares Bought by Amundi

Amundi boosted its position in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 14.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,257 shares of the aerospace company's stock after purchasing an additional 9,168 shares during the period. Amundi owned approximately 0.05% of Northrop Grumman worth $37,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. IMA Advisory Services Inc. bought a new stake in Northrop Grumman in the first quarter worth about $27,000. Saudi Central Bank bought a new stake in Northrop Grumman in the first quarter worth about $28,000. Banque Cantonale Vaudoise bought a new stake in Northrop Grumman in the first quarter worth about $30,000. Wood Tarver Financial Group LLC bought a new stake in Northrop Grumman in the fourth quarter worth about $32,000. Finally, Hollencrest Capital Management lifted its stake in Northrop Grumman by 790.0% in the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company's stock worth $45,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 83.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NOC. Wells Fargo & Company reissued an "overweight" rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. Barclays raised their target price on shares of Northrop Grumman from $500.00 to $580.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Bank of America raised their target price on shares of Northrop Grumman from $550.00 to $650.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Robert W. Baird raised their target price on shares of Northrop Grumman from $547.00 to $565.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen raised shares of Northrop Grumman from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $588.85.

Insider Activity at Northrop Grumman

In other Northrop Grumman news, VP Robert J. Fleming sold 3,500 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $505.77, for a total value of $1,770,195.00. Following the completion of the sale, the vice president directly owned 1,827 shares in the company, valued at $924,041.79. This trade represents a 65.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas H. Jones sold 729 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $505.77, for a total transaction of $368,706.33. Following the completion of the sale, the vice president owned 7,552 shares of the company's stock, valued at approximately $3,819,575.04. This trade represents a 8.80% 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 valued at $7,805,146 over the last ninety days. 0.23% of the stock is owned by company insiders.

Northrop Grumman Stock Up 1.4%

NOC stock traded up $7.85 during trading on Wednesday, hitting $579.48. 509,094 shares of the company's stock traded hands, compared to its average volume of 961,435. The firm has a market capitalization of $82.97 billion, a P/E ratio of 21.36, a PEG ratio of 5.57 and a beta of 0.13. The business has a fifty day simple moving average of $562.79 and a two-hundred day simple moving average of $515.58. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $600.99.

Northrop Grumman (NYSE:NOC - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.15 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. Northrop Grumman's revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company posted $6.36 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Sell-side analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd will be issued a dividend of $2.31 per share. This represents a $9.24 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Northrop Grumman's dividend payout ratio (DPR) is presently 34.06%.

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.