Ethic Inc. Buys 1,485 Shares of Northrop Grumman Corporation $NOC

Key Points

• Ethic Inc. increased its holdings in Northrop Grumman by 17.5%, acquiring an additional 1,485 shares, bringing its total to 9,958 shares worth approximately $4.9 million.
• Several hedge funds have also boosted their positions in Northrop Grumman, with Vanguard Group increasing its stake by 4.6% to over 13 million shares, valued at nearly $6.8 billion.
• Northrop Grumman reported a quarterly EPS of $7.67, exceeding estimates, while its quarterly revenue was $10.42 billion, showing a year-over-year increase of 4.3%.

Ethic Inc. raised its holdings in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 17.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,958 shares of the aerospace company's stock after acquiring an additional 1,485 shares during the period. Ethic Inc.'s holdings in Northrop Grumman were worth $4,919,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Northrop Grumman by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 13,266,301 shares of the aerospace company's stock worth $6,792,479,000 after buying an additional 588,520 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Northrop Grumman by 23.4% during the 1st quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company's stock valued at $2,631,390,000 after purchasing an additional 974,633 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Northrop Grumman by 10.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,241,144 shares of the aerospace company's stock valued at $1,147,489,000 after purchasing an additional 210,500 shares during the last quarter. Invesco Ltd. grew its stake in shares of Northrop Grumman by 12.1% during the 1st quarter. Invesco Ltd. now owns 1,944,186 shares of the aerospace company's stock worth $995,443,000 after acquiring an additional 210,506 shares during the period. Finally, Royal Bank of Canada boosted its stake in Northrop Grumman by 12.0% in the 1st quarter. Royal Bank of Canada now owns 1,115,625 shares of the aerospace company's stock worth $571,211,000 after purchasing an additional 119,693 shares during the period. 83.40% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Price Performance

NYSE:NOC opened at $605.17 on Friday. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $640.90. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 0.93. The firm has a market capitalization of $86.65 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 5.63 and a beta of 0.10. The business has a 50 day simple moving average of $593.98 and a 200-day simple moving average of $539.83.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, topping the consensus estimate of $6.43 by $1.24. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The company had revenue of $10.42 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same period last year, the business posted $7.00 EPS. Northrop Grumman's quarterly revenue was up 4.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Equities analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were issued a $2.31 dividend. This represents a $9.24 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman's payout ratio is 33.24%.

Analyst Ratings Changes

NOC has been the subject of a number of research analyst reports. Susquehanna lifted their price target on Northrop Grumman from $650.00 to $690.00 and gave the company a "positive" rating in a research report on Wednesday. Weiss Ratings reissued a "buy (b-)" rating on shares of Northrop Grumman in a report on Tuesday, October 14th. Barclays raised their price objective on Northrop Grumman from $500.00 to $580.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. lifted their price target on Northrop Grumman from $575.00 to $640.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, BTIG Research boosted their target price on Northrop Grumman from $630.00 to $680.00 and gave the company a "buy" rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $642.73.

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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