Fox Run Management L.L.C. Boosts Holdings in Northrop Grumman Corporation $NOC

Key Points

• Fox Run Management L.L.C. has significantly increased its share holdings in Northrop Grumman Corporation by 116.7%, now owning a total of 1,712 shares worth approximately $877,000.
• Insider trades show that CEO Kathy J. Warden sold 7,500 shares for over $3.79 million, reducing her stake in the company by 3.59%.
• Northrop Grumman reported a quarterly EPS of $7.11, exceeding analyst expectations, and declared an increased quarterly dividend of $2.31 per share.

Fox Run Management L.L.C. lifted its stake in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 116.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,712 shares of the aerospace company's stock after purchasing an additional 922 shares during the quarter. Fox Run Management L.L.C.'s holdings in Northrop Grumman were worth $877,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. IMA Advisory Services Inc. acquired a new stake in Northrop Grumman in the first quarter valued at $27,000. Banque Cantonale Vaudoise purchased a new stake in Northrop Grumman in the 1st quarter valued at approximately $30,000. Wood Tarver Financial Group LLC purchased a new stake in Northrop Grumman in the 4th quarter valued at approximately $32,000. Bellwether Advisors LLC purchased a new stake in shares of Northrop Grumman during the 4th quarter worth approximately $33,000. Finally, Hollencrest Capital Management boosted its stake in shares of Northrop Grumman by 790.0% during the 1st quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company's stock worth $45,000 after acquiring an additional 79 shares in the last quarter. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Northrop Grumman Stock Up 0.2%

NOC traded up $1.2990 during trading hours on Tuesday, hitting $586.1190. 470,683 shares of the company's stock were exchanged, compared to its average volume of 995,656. The stock has a market cap of $83.92 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 5.59 and a beta of 0.15. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The stock's 50-day moving average is $533.94 and its two-hundred day moving average is $501.74. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $594.68.

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 for the quarter, topping 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 business had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.15 billion. During the same quarter in the previous year, the company earned $6.36 EPS. The business's revenue was up 1.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Sell-side analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Insider Buying and Selling at Northrop Grumman

In other news, VP Robert J. Fleming sold 3,500 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 value of $1,770,195.00. Following the completion of the sale, the vice president owned 1,827 shares in the company, valued at $924,041.79. This represents a 65.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 sale, the chief executive officer owned 201,602 shares of the company's stock, valued at approximately $101,964,243.54. This represents a 3.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,536 shares of company stock valued at $8,306,857 in the last quarter. 0.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on NOC. Wall Street Zen downgraded Northrop Grumman from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Truist Financial restated a "buy" rating and issued a $625.00 price target (up previously from $550.00) on shares of Northrop Grumman in a research note on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $542.00 price objective (down from $580.00) on shares of Northrop Grumman in a report on Tuesday, July 8th. JPMorgan Chase & Co. upped their price target on shares of Northrop Grumman from $480.00 to $585.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Sanford C. Bernstein restated a "market perform" rating on shares of Northrop Grumman in a report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Northrop Grumman currently has a consensus rating of "Moderate Buy" and an average target price of $586.79.

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.