Norinchukin Bank The Has $4 Million Holdings in Northrop Grumman Corporation $NOC

Key Points

• Norinchukin Bank increased its holdings in Northrop Grumman Corporation by 16.5%, acquiring an additional 1,107 shares, bringing its total to 7,804 shares worth approximately $3.996 million.
• Wall Street analysts have mixed sentiments on Northrop Grumman, with price targets ranging from $542 to $650, and a consensus rating of "Moderate Buy".
• The company announced a quarterly dividend of $2.31 per share, equating to a 1.5% dividend yield, set to be paid out on September 17th.

Norinchukin Bank The lifted its position in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 16.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,804 shares of the aerospace company's stock after buying an additional 1,107 shares during the quarter. Norinchukin Bank The's holdings in Northrop Grumman were worth $3,996,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NOC. IMA Advisory Services Inc. acquired a new stake in shares of Northrop Grumman in the 1st quarter valued at about $27,000. Banque Cantonale Vaudoise purchased a new position in shares of Northrop Grumman during the 1st quarter worth approximately $30,000. Wood Tarver Financial Group LLC purchased a new position in Northrop Grumman in the 4th quarter valued at approximately $32,000. Bellwether Advisors LLC purchased a new position in Northrop Grumman in the 4th quarter valued at approximately $33,000. Finally, Hollencrest Capital Management increased its position in Northrop Grumman by 790.0% during the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company's stock worth $45,000 after buying an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NOC shares. Truist Financial reaffirmed a "buy" rating and set a $625.00 target price (up from $550.00) on shares of Northrop Grumman in a research report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $542.00 target price (down from $580.00) on shares of Northrop Grumman in a research report on Tuesday, July 8th. Susquehanna boosted their target price on shares of Northrop Grumman from $557.00 to $650.00 and gave the company a "positive" rating in a research note on Tuesday, July 22nd. Wells Fargo & Company reissued an "overweight" rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Northrop Grumman from $480.00 to $585.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. One research 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 company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $586.79.

Insider Activity at Northrop Grumman

In related news, VP Robert J. Fleming sold 3,500 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $505.77, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Roshan S. Roeder sold 991 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $490.00, for a total transaction of $485,590.00. Following the completion of the transaction, the vice president directly owned 319 shares of the company's stock, valued at approximately $156,310. The trade was a 75.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,536 shares of company stock worth $8,306,857 in the last 90 days. 0.23% of the stock is currently owned by company insiders.

Northrop Grumman Price Performance

Shares of Northrop Grumman stock traded down $5.2310 during midday trading on Friday, reaching $591.9790. The company had a trading volume of 616,625 shares, compared to its average volume of 735,115. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $600.99. The company has a market capitalization of $84.76 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 5.67 and a beta of 0.15. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The stock has a fifty day simple moving average of $541.47 and a 200 day simple moving average of $504.95.

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, beating analysts' consensus estimates of $6.84 by $0.27. The firm 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%. The business's revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the firm earned $6.36 earnings per share. 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 earnings per share for the current year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd will be paid a $2.31 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $9.24 annualized dividend and a yield of 1.6%. Northrop Grumman's dividend 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.