Caisse DE Depot ET Placement DU Quebec Acquires 75,375 Shares of Northrop Grumman Corporation $NOC

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its holdings in Northrop Grumman Corporation by 121.6%, acquiring an additional 75,375 shares, bringing its total ownership to 137,370 shares, valued at approximately $70.3 million.
• Northrop Grumman reported earnings of $7.11 per share for the last quarter, surpassing analysts' estimates, and raised its FY 2025 EPS guidance to between $25.000-25.400.
• The company is set to distribute a quarterly dividend of $2.31 per share on September 17th, amounting to an annual yield of 1.6%.

Caisse DE Depot ET Placement DU Quebec increased its holdings in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 121.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,370 shares of the aerospace company's stock after purchasing an additional 75,375 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.10% of Northrop Grumman worth $70,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of the company. Brookstone Capital Management boosted its position in shares of Northrop Grumman by 121.0% in the 1st quarter. Brookstone Capital Management now owns 6,640 shares of the aerospace company's stock worth $3,400,000 after purchasing an additional 3,635 shares in the last quarter. GAM Holding AG boosted its position in shares of Northrop Grumman by 51.9% in the 1st quarter. GAM Holding AG now owns 2,338 shares of the aerospace company's stock worth $1,197,000 after purchasing an additional 799 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Northrop Grumman in the 1st quarter worth approximately $33,090,000. Golden State Wealth Management LLC boosted its position in shares of Northrop Grumman by 206.2% in the 1st quarter. Golden State Wealth Management LLC now owns 2,771 shares of the aerospace company's stock worth $1,421,000 after purchasing an additional 1,866 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of Northrop Grumman by 18.8% in the 1st quarter. Bessemer Group Inc. now owns 795,839 shares of the aerospace company's stock worth $407,477,000 after purchasing an additional 125,693 shares in the last quarter. 83.40% of the stock is owned by institutional investors.

Northrop Grumman Trading Down 1.0%

Shares of Northrop Grumman stock opened at $586.6550 on Tuesday. The company has a market capitalization of $84.00 billion, a P/E ratio of 21.62, a P/E/G ratio of 5.67 and a beta of 0.15. 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 company has a fifty day moving average of $543.26 and a 200 day moving average of $505.78. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $600.99.

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

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders 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 dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Northrop Grumman's dividend payout ratio is 34.06%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Robert W. Baird boosted their price target on Northrop Grumman from $547.00 to $565.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Barclays boosted their price objective on shares of Northrop Grumman from $500.00 to $580.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Sanford C. Bernstein reiterated a "market perform" rating on shares of Northrop Grumman in a research note on Monday, July 14th. Royal Bank Of Canada boosted 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. Finally, Truist Financial reiterated a "buy" rating and set a $625.00 target price (up from $550.00) on shares of Northrop Grumman in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Northrop Grumman presently has an average rating of "Moderate Buy" and a consensus target price of $586.79.

Insider Activity at Northrop Grumman

In other Northrop Grumman news, CEO Kathy J. Warden sold 7,500 shares of the 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 completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Roshan S. Roeder sold 991 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $490.00, for a total transaction of $485,590.00. Following the transaction, the vice president directly owned 319 shares of the company's stock, valued at $156,310. This trade represents a 75.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,536 shares of company stock worth $8,306,857 over the last 90 days. Company insiders own 0.23% of the company's stock.

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.

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