Korea Investment CORP Reduces Position in Northrop Grumman Corporation $NOC

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Korea Investment CORP lessened its stake in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 37.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,686 shares of the aerospace company's stock after selling 49,274 shares during the period. Korea Investment CORP owned 0.06% of Northrop Grumman worth $41,312,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Brookstone Capital Management increased its stake in 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 buying an additional 3,635 shares during the period. GAM Holding AG increased its position in Northrop Grumman by 51.9% during the 1st quarter. GAM Holding AG now owns 2,338 shares of the aerospace company's stock valued at $1,197,000 after purchasing an additional 799 shares during the period. Janney Montgomery Scott LLC purchased a new position in Northrop Grumman during the 1st quarter valued at about $33,090,000. Golden State Wealth Management LLC increased its position in 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 period. Finally, Bessemer Group Inc. increased its position in 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 period. Hedge funds and other institutional investors own 83.40% of the company's stock.

Insider Buying and Selling at Northrop Grumman

In other news, VP Thomas H. Jones sold 729 shares of Northrop Grumman 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. The trade was a 8.80% decrease in their position. The transaction was disclosed in a document filed 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 of the company's stock, valued at approximately $924,041.79. The trade was a 65.70% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,536 shares of company stock valued at $8,306,857. 0.23% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NOC has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $542.00 target price (down previously from $580.00) on shares of Northrop Grumman in a research report on Tuesday, July 8th. Sanford C. Bernstein reissued a "market perform" rating on shares of Northrop Grumman in a research report on Monday, July 14th. Royal Bank Of Canada raised their target price on shares of Northrop Grumman from $600.00 to $625.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Truist Financial reissued a "buy" rating and set a $625.00 target price (up previously from $550.00) on shares of Northrop Grumman in a research report on Wednesday, July 23rd. Finally, Susquehanna raised 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. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Northrop Grumman has an average rating of "Moderate Buy" and an average price target of $586.79.

Northrop Grumman Stock Down 0.9%

Shares of Northrop Grumman stock traded down $5.2310 on Friday, reaching $591.9790. The stock had a trading volume of 616,625 shares, compared to its average volume of 736,066. The company has a 50 day moving average price of $541.47 and a 200 day moving average price of $504.45. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $600.99. The stock has a market capitalization of $84.76 billion, a P/E ratio of 21.82, a P/E/G ratio of 5.72 and a beta of 0.15.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, topping analysts' consensus estimates of $6.84 by $0.27. The company had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.15 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. Northrop Grumman's revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the business earned $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. As a group, equities research analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $2.31 per share. This represents a $9.24 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Northrop Grumman's payout ratio is presently 34.06%.

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.