Sepio Capital LP Sells 851 Shares of Northrop Grumman Corporation $NOC

Key Points

• Sepio Capital LP has reduced its stake in Northrop Grumman Corporation by 15.1%, selling 851 shares, and now holds a total of 4,767 shares worth approximately $2,441,000.
• Insiders, including VP Robert J. Fleming, have sold a total of 15,512 shares worth $7,805,146 over the last quarter, reflecting significant decreases in their ownership percentages.
• Nothrop Grumman announced a quarterly dividend of $2.31 per share, with a yield of 1.6%, and an annualized dividend of $9.24.

Sepio Capital LP decreased its position in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 15.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,767 shares of the aerospace company's stock after selling 851 shares during the quarter. Sepio Capital LP's holdings in Northrop Grumman were worth $2,441,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Plancorp LLC acquired a new stake in shares of Northrop Grumman during the first quarter worth $225,000. Plotkin Financial Advisors LLC acquired a new position in shares of Northrop Grumman in the first quarter worth about $206,000. Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Northrop Grumman by 0.9% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 17,064 shares of the aerospace company's stock worth $8,737,000 after buying an additional 153 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Northrop Grumman by 60.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 198,503 shares of the aerospace company's stock worth $101,636,000 after buying an additional 74,633 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of Northrop Grumman by 3.6% in the first quarter. Integrated Wealth Concepts LLC now owns 4,036 shares of the aerospace company's stock worth $2,067,000 after buying an additional 142 shares during the period. 83.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on NOC. Bank of America raised their target price on shares of Northrop Grumman from $550.00 to $650.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Sanford C. Bernstein reissued a "market perform" rating on shares of Northrop Grumman in a research report on Monday, July 14th. JPMorgan Chase & Co. increased their price objective on Northrop Grumman from $480.00 to $585.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $542.00 price objective (down from $580.00) on shares of Northrop Grumman in a research report on Tuesday, July 8th. Finally, Truist Financial restated a "buy" rating and set a $625.00 price objective (up from $550.00) on shares of Northrop Grumman in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Northrop Grumman presently has a consensus rating of "Moderate Buy" and a consensus price target of $588.85.

Northrop Grumman Stock Up 1.4%

NOC traded up $7.85 during midday trading on Wednesday, hitting $579.48. 509,094 shares of the company's stock traded hands, compared to its average volume of 961,435. The company has a market cap of $82.97 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 5.57 and a beta of 0.13. The stock's fifty day simple moving average is $562.79 and its 200-day simple moving average is $515.58. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $600.99.

Northrop Grumman (NYSE:NOC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, beating analysts' consensus estimates of $6.84 by $0.27. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The business had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same quarter in the prior year, the firm posted $6.36 EPS. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. As a group, equities analysts anticipate 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 issued a $2.31 dividend. This represents a $9.24 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Northrop Grumman's payout ratio is 34.06%.

Insider Buying and Selling

In related news, CEO Kathy J. Warden sold 7,500 shares of the business'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 value of $3,793,275.00. Following the completion of the sale, the chief executive officer directly owned 201,602 shares in the company, valued at approximately $101,964,243.54. The trade was a 3.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas H. Jones sold 729 shares of the business'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 value of $368,706.33. Following the completion of the sale, the vice president owned 7,552 shares of the company's stock, valued at approximately $3,819,575.04. This trade represents a 8.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,512 shares of company stock worth $7,805,146. 0.23% of the stock is currently owned by insiders.

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.