International Assets Investment Management LLC Sells 125,241 Shares of Northrop Grumman Corporation $NOC

Key Points

• International Assets Investment Management LLC significantly reduced its stake in Northrop Grumman Corporation by 99.2%, selling 125,241 shares and now owning just 1,061 shares valued at $530,000.
• Northrop Grumman's recent quarterly earnings showed an EPS of $7.67, surpassing analysts' expectations, and the company set a FY 2025 EPS guidance between $25.650 - $26.050.
• The stock currently has a market capitalization of $85.83 billion and a consensus rating of "Moderate Buy" with a target price around $617.50.

International Assets Investment Management LLC lessened its stake in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 99.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,061 shares of the aerospace company's stock after selling 125,241 shares during the period. International Assets Investment Management LLC's holdings in Northrop Grumman were worth $530,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brookstone Capital Management boosted its holdings in shares of Northrop Grumman by 121.0% during the 1st quarter. Brookstone Capital Management now owns 6,640 shares of the aerospace company's stock valued at $3,400,000 after purchasing an additional 3,635 shares during the last quarter. First United Bank & Trust boosted its holdings in shares of Northrop Grumman by 641.0% during the 2nd quarter. First United Bank & Trust now owns 778 shares of the aerospace company's stock valued at $389,000 after purchasing an additional 673 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of Northrop Grumman by 206.2% during the 1st quarter. Golden State Wealth Management LLC now owns 2,771 shares of the aerospace company's stock valued at $1,421,000 after purchasing an additional 1,866 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Northrop Grumman by 18.8% during the 1st quarter. Bessemer Group Inc. now owns 795,839 shares of the aerospace company's stock valued at $407,477,000 after purchasing an additional 125,693 shares during the last quarter. Finally, Fortem Financial Group LLC boosted its holdings in shares of Northrop Grumman by 118.2% during the 1st quarter. Fortem Financial Group LLC now owns 1,104 shares of the aerospace company's stock valued at $565,000 after purchasing an additional 598 shares during the last quarter. Institutional investors own 83.40% of the company's stock.

Northrop Grumman Stock Performance

Northrop Grumman stock opened at $599.45 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $640.90. The firm has a market capitalization of $85.83 billion, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 5.85 and a beta of 0.10. The company's 50-day moving average is $593.28 and its 200 day moving average is $538.58.

Northrop Grumman (NYSE:NOC - Get Free Report) last posted its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share for the quarter, topping analysts' consensus estimates of $6.43 by $1.24. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The company had revenue of $10.42 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same period in the prior year, the company posted $7.00 EPS. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Research analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were paid a $2.31 dividend. This represents a $9.24 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman's dividend payout ratio is currently 34.06%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Truist Financial increased their price objective on shares of Northrop Grumman from $625.00 to $688.00 and gave the company a "buy" rating in a report on Wednesday, October 15th. Barclays upped their target price on shares of Northrop Grumman from $500.00 to $580.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. Weiss Ratings restated a "buy (b-)" rating on shares of Northrop Grumman in a research report on Tuesday, October 14th. Susquehanna upped their target price 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. Finally, Wall Street Zen upgraded shares of Northrop Grumman from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $617.50.

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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