RPG Investment Advisory LLC Purchases 1,479 Shares of Northrop Grumman Corporation $NOC

Key Points

• RPG Investment Advisory LLC has increased its holdings in Northrop Grumman Corporation by 100%, owning a total of 2,958 shares worth approximately $1.5 million after purchasing an additional 1,479 shares.
• Several institutional investors have also acquired new positions in Northrop Grumman, bringing institutional ownership to 83.40% of the company's stock.
• The company recently reported better-than-expected quarterly earnings, with a net income margin of 9.74% and revenue growth of 1.3%% year-over-year.

RPG Investment Advisory LLC boosted its holdings in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 100.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,958 shares of the aerospace company's stock after purchasing an additional 1,479 shares during the quarter. RPG Investment Advisory LLC's holdings in Northrop Grumman were worth $1,515,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. IMA Advisory Services Inc. bought a new position in shares of Northrop Grumman in the first quarter worth approximately $27,000. Banque Cantonale Vaudoise purchased a new position in Northrop Grumman in the 1st quarter worth about $30,000. Wood Tarver Financial Group LLC bought a new position in Northrop Grumman during the 4th quarter valued at about $32,000. Bellwether Advisors LLC purchased a new stake in shares of Northrop Grumman during the 4th quarter valued at about $33,000. Finally, Hollencrest Capital Management boosted 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 valued at $45,000 after acquiring an additional 79 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors.

Insider Activity at Northrop Grumman

In other Northrop Grumman 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 completion of the transaction, the vice president owned 319 shares of the company's stock, valued at $156,310. This represents a 75.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert J. Fleming sold 3,500 shares of Northrop Grumman stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $505.77, for a total value of $1,770,195.00. Following the completion of the sale, the vice president directly owned 1,827 shares in the company, valued at $924,041.79. This trade represents a 65.70% decrease in their ownership of the stock. 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.

Northrop Grumman Stock Performance

NOC opened at $597.19 on Friday. The company has a 50 day simple moving average of $539.97 and a two-hundred day simple moving average of $503.70. 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 market cap of $85.51 billion, a P/E ratio of 22.01, a PEG ratio of 5.67 and a beta of 0.15. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $598.83.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its earnings results 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 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 for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Equities analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors 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 1.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. Northrop Grumman's dividend payout ratio (DPR) is presently 34.06%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NOC. Bank of America increased their price objective on shares of Northrop Grumman from $550.00 to $650.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Robert W. Baird increased their price target on Northrop Grumman from $547.00 to $565.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Truist Financial reaffirmed a "buy" rating and issued a $625.00 price objective (up previously from $550.00) on shares of Northrop Grumman in a report on Wednesday, July 23rd. Royal Bank Of Canada upped their price objective on Northrop Grumman from $600.00 to $625.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued 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. One equities 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 stock. Based on data from MarketBeat, Northrop Grumman presently has an average rating of "Moderate Buy" and an average price target of $586.79.

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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