MassMutual Private Wealth & Trust FSB Trims Holdings in Northrop Grumman Corporation $NOC

Key Points

• MassMutual Private Wealth & Trust FSB reduced its holdings in Northrop Grumman Corporation by 31.7% in Q2, selling 8,874 shares to own a total of 19,108 shares. The value of these holdings stood at $9,554,000.
• Northrop Grumman reported $7.11 earnings per share (EPS) for the latest quarter, exceeding expectations, and set guidance for FY 2025 EPS between 25.000-25.400.
• The company declared a quarterly dividend of $2.31 per share, with an annual yield of 1.6% and a dividend payout ratio of 34.06%.

MassMutual Private Wealth & Trust FSB decreased its holdings in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 31.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,108 shares of the aerospace company's stock after selling 8,874 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Northrop Grumman were worth $9,554,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of NOC. Brighton Jones LLC increased its stake in Northrop Grumman by 176.3% in the fourth quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company's stock worth $1,394,000 after purchasing an additional 1,895 shares during the period. Bank Pictet & Cie Europe AG grew its position in shares of Northrop Grumman by 2.2% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,006 shares of the aerospace company's stock worth $472,000 after buying an additional 22 shares in the last quarter. Bison Wealth LLC grew its position in shares of Northrop Grumman by 5.3% during the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company's stock worth $301,000 after buying an additional 32 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Northrop Grumman by 1.8% during the 4th quarter. Janus Henderson Group PLC now owns 6,311 shares of the aerospace company's stock worth $2,958,000 after buying an additional 114 shares in the last quarter. Finally, Toronto Dominion Bank grew its position in shares of Northrop Grumman by 7.2% during the 4th quarter. Toronto Dominion Bank now owns 73,609 shares of the aerospace company's stock worth $34,544,000 after buying an additional 4,931 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company's stock.

Northrop Grumman Trading Down 0.2%

Shares of NYSE:NOC opened at $574.56 on Tuesday. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $600.99. The stock has a market cap of $82.26 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 5.51 and a beta of 0.13. 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 business has a 50-day moving average price of $568.76 and a 200-day moving average price of $519.36.

Northrop Grumman (NYSE:NOC - Get Free Report) last announced 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. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The firm had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.15 billion. During the same period last year, the business posted $6.36 earnings per share. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Equities analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd will be given 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 dividend payout ratio (DPR) is currently 34.06%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on NOC shares. Bank of America increased their price target on Northrop Grumman from $550.00 to $650.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price target on Northrop Grumman from $480.00 to $585.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Wall Street Zen raised Northrop Grumman from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Wells Fargo & Company reissued an "overweight" rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Finally, Susquehanna increased their price target on Northrop Grumman from $557.00 to $650.00 and gave the stock a "positive" rating in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $588.85.

About Northrop Grumman

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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