Integrity Alliance LLC. Purchases 3,435 Shares of Northrop Grumman Corporation $NOC

Key Points

• Integrity Alliance LLC has significantly increased its holdings in Northrop Grumman by 659.3%, acquiring an additional 3,435 shares to bring its total to 3,956 shares, valued at approximately $2,025,000.
• Northrop Grumman reported earnings per share of $7.11 for the last quarter, exceeding expectations, with revenues amounting to $10.35 billion.
• The company has declared a quarterly dividend of $2.31 per share, which translates to an annualized dividend of $9.24 and a dividend yield of 1.6%.

Integrity Alliance LLC. raised its holdings in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 659.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,956 shares of the aerospace company's stock after purchasing an additional 3,435 shares during the period. Integrity Alliance LLC.'s holdings in Northrop Grumman were worth $2,025,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. IMA Advisory Services Inc. acquired a new position in Northrop Grumman in the first quarter valued at approximately $27,000. Saudi Central Bank bought a new stake in shares of Northrop Grumman during the 1st quarter valued at $28,000. Banque Cantonale Vaudoise bought a new stake in shares of Northrop Grumman during the 1st quarter valued at $30,000. Wood Tarver Financial Group LLC acquired a new position in shares of Northrop Grumman in the 4th quarter valued at $32,000. Finally, Hollencrest Capital Management boosted its position in shares of Northrop Grumman by 790.0% in the 1st 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 and hedge funds own 83.40% of the company's stock.

Northrop Grumman Stock Performance

Shares of NOC opened at $579.48 on Thursday. The firm has a market cap of $82.97 billion, a P/E ratio of 21.36, a PEG ratio of 5.47 and a beta of 0.13. Northrop Grumman Corporation has a twelve month low of $426.24 and a twelve month high of $600.99. 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's 50 day moving average price is $564.40 and its two-hundred day moving average price is $516.02.

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, 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%. The firm's revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.36 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd will be issued a $2.31 dividend. 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 34.06%.

Insider Transactions at Northrop Grumman

In other news, 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 transaction, the vice president directly owned 7,552 shares of the company's stock, valued at $3,819,575.04. This trade represents a 8.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert J. Fleming sold 3,500 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $505.77, for a total transaction of $1,770,195.00. Following the completion of the sale, the vice president directly owned 1,827 shares in the company, valued at approximately $924,041.79. This represents a 65.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,762 shares of company stock valued at $5,948,896 over the last three months. Company insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Bank of America increased their target price on Northrop Grumman from $550.00 to $650.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Susquehanna increased their price target on shares of Northrop Grumman from $557.00 to $650.00 and gave the company a "positive" rating in a research report on Tuesday, July 22nd. Wells Fargo & Company restated an "overweight" rating on shares of Northrop Grumman in a report on Tuesday, July 22nd. Sanford C. Bernstein reiterated a "market perform" rating on shares of Northrop Grumman in a report on Monday, July 14th. Finally, Barclays lifted their price target 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. One 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 stock. According to data from MarketBeat, Northrop Grumman has an average rating of "Moderate Buy" and a consensus target price 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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