Northrop Grumman Corporation $NOC Shares Acquired by CreativeOne Wealth LLC

Key Points

• CreativeOne Wealth LLC increased its stake in Northrop Grumman Corporation by 73.4%, holding shares worth approximately $2.76 million.
• Northrop Grumman reported a quarterly EPS of $7.11, surpassing expectations, with quarterly revenue hitting $10.35 billion.
• The company declared a quarterly dividend of $2.31 per share, indicating an annualized yield of 1.6%.

CreativeOne Wealth LLC lifted its position in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 73.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,387 shares of the aerospace company's stock after buying an additional 2,281 shares during the period. CreativeOne Wealth LLC's holdings in Northrop Grumman were worth $2,758,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. IMA Advisory Services Inc. acquired a new stake in shares of Northrop Grumman during the 1st quarter worth $27,000. Banque Cantonale Vaudoise acquired a new stake in shares of Northrop Grumman during the 1st quarter worth $30,000. Wood Tarver Financial Group LLC acquired a new stake in shares of Northrop Grumman during the 4th quarter worth $32,000. Hollencrest Capital Management increased its holdings in shares of Northrop Grumman by 790.0% during the 1st quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company's stock worth $45,000 after buying an additional 79 shares during the last quarter. Finally, HWG Holdings LP acquired a new stake in shares of Northrop Grumman during the 1st quarter worth $46,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Stock Performance

NYSE:NOC opened at $586.46 on Thursday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The firm has a 50-day moving average of $546.89 and a two-hundred day moving average of $506.93. The stock has a market cap of $83.97 billion, a P/E ratio of 21.62, a PEG ratio of 5.68 and a beta of 0.15. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $600.99.

Northrop Grumman (NYSE:NOC - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share for the quarter, beating 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%. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, research analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

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

Insider Activity

In other news, VP Roshan S. Roeder sold 991 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $490.00, for a total transaction of $485,590.00. Following the transaction, the vice president owned 319 shares of the company's stock, valued at approximately $156,310. This trade represents a 75.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Robert J. Fleming sold 3,500 shares of the stock in a transaction dated 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 transaction, the vice president directly owned 1,827 shares in the company, valued at $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 quarter, insiders sold 16,536 shares of company stock valued at $8,306,857. Corporate insiders own 0.23% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on NOC. Royal Bank Of Canada upped their price objective on Northrop Grumman from $600.00 to $625.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Barclays upped their price target on shares of Northrop Grumman from $500.00 to $580.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. 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 report on Tuesday, July 8th. Sanford C. Bernstein reiterated a "market perform" rating on shares of Northrop Grumman in a report on Monday, July 14th. Finally, Truist Financial reiterated a "buy" rating and issued a $625.00 price target (up from $550.00) on shares of Northrop Grumman in a report on Wednesday, July 23rd. One 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.

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