MBB Public Markets I LLC Purchases Shares of 673 Northrop Grumman Corporation $NOC

Key Points

• MBB Public Markets I LLC acquired a new stake in Northrop Grumman Corporation by purchasing 673 shares valued at approximately $345,000 as reported in its Form 13F filing.
• Insider trading activity included the sale of 15,512 shares by executives, including VP Robert J. Fleming and CEO Kathy J. Warden, totaling approximately $7.8 million.
• Northrop Grumman reported a Q2 EPS of $7.11, exceeding expectations, and revealed a quarterly dividend of $2.31 per share to be paid on September 17th.

MBB Public Markets I LLC acquired a new position in Northrop Grumman Corporation (NYSE:NOC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 673 shares of the aerospace company's stock, valued at approximately $345,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ascent Group LLC raised its position in Northrop Grumman by 16.9% during the first quarter. Ascent Group LLC now owns 5,168 shares of the aerospace company's stock worth $2,646,000 after acquiring an additional 749 shares during the period. United Services Automobile Association acquired a new position in Northrop Grumman during the 1st quarter worth approximately $1,577,000. Caxton Associates LLP bought a new position in Northrop Grumman in the 1st quarter worth approximately $2,147,000. Challenger Wealth Management grew its position in Northrop Grumman by 3.6% during the first quarter. Challenger Wealth Management now owns 1,365 shares of the aerospace company's stock valued at $699,000 after purchasing an additional 48 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in Northrop Grumman in the 1st quarter worth approximately $966,000. Institutional investors own 83.40% of the company's stock.

Insiders Place Their Bets

In other Northrop Grumman news, VP Robert J. Fleming sold 3,500 shares of the company's stock in a transaction that occurred 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 transaction, the vice president owned 1,827 shares of the company's stock, valued at $924,041.79. This represents a 65.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Kathy J. Warden sold 7,500 shares of Northrop Grumman stock in a transaction on Friday, June 13th. The stock was sold at an average price of $505.77, for a total value of $3,793,275.00. Following the completion of the sale, the chief executive officer directly owned 201,602 shares of the company's stock, valued at approximately $101,964,243.54. The trade was a 3.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,512 shares of company stock valued at $7,805,146 in the last quarter. Corporate insiders own 0.23% of the company's stock.

Northrop Grumman Stock Performance

Shares of NOC traded up $7.85 during mid-day trading on Wednesday, hitting $579.48. The stock had a trading volume of 509,094 shares, compared to its average volume of 594,505. 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 company's fifty day simple moving average is $564.40 and its two-hundred day simple moving average is $516.02. The company has a market cap of $82.97 billion, a PE ratio of 21.36, a PEG ratio of 5.47 and a beta of 0.13. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $600.99.

Northrop Grumman (NYSE:NOC - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, beating the consensus estimate of $6.84 by $0.27. The business had revenue of $10.35 billion for 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 was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, equities analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Bank of America raised their price objective on shares of Northrop Grumman from $550.00 to $650.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company reissued an "overweight" rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $542.00 price target (down from $580.00) on shares of Northrop Grumman in a research note on Tuesday, July 8th. Susquehanna lifted their target price on shares of Northrop Grumman from $557.00 to $650.00 and gave the stock a "positive" rating in a research note 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, eight have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average 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.