Northrop Grumman Corporation $NOC Shares Purchased by Talon Private Wealth LLC

Key Points

• Talon Private Wealth LLC significantly increased its holdings in Northrop Grumman Corporation by 6,076% in the first quarter, owning 4,632 shares worth approximately $2.35 million.
• Northrop Grumman recently announced a quarterly dividend of $2.31 per share, representing an annualized yield of 1.6%, with the ex-dividend date set for September 2nd.
• In its last earnings report, Northrop Grumman posted earnings per share (EPS) of $7.11, exceeding analyst estimates and indicating a 1.3% increase in revenue compared to the previous year.

Talon Private Wealth LLC raised its holdings in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 6,076.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,632 shares of the aerospace company's stock after acquiring an additional 4,557 shares during the quarter. Talon Private Wealth LLC's holdings in Northrop Grumman were worth $2,351,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in NOC. Brighton Jones LLC boosted its stake in shares of Northrop Grumman by 176.3% during the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company's stock valued at $1,394,000 after buying an additional 1,895 shares during the last quarter. Bank Pictet & Cie Europe AG raised its stake in shares of Northrop Grumman by 2.2% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,006 shares of the aerospace company's stock worth $472,000 after buying an additional 22 shares in the last quarter. Bison Wealth LLC increased its holdings in shares of Northrop Grumman by 5.3% in the fourth quarter. Bison Wealth LLC now owns 641 shares of the aerospace company's stock valued at $301,000 after buying an additional 32 shares in the last quarter. CoreCap Advisors LLC raised its holdings in shares of Northrop Grumman by 10.0% during the fourth quarter. CoreCap Advisors LLC now owns 1,739 shares of the aerospace company's stock valued at $816,000 after acquiring an additional 158 shares during the period. Finally, Deutsche Bank AG increased its stake in Northrop Grumman by 9.9% in the 4th quarter. Deutsche Bank AG now owns 358,338 shares of the aerospace company's stock valued at $168,164,000 after buying an additional 32,373 shares during the period. 83.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on NOC shares. Royal Bank Of Canada boosted their price target on Northrop Grumman from $600.00 to $625.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Robert W. Baird boosted their price target on Northrop Grumman from $547.00 to $565.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Wall Street Zen upgraded Northrop Grumman from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Barclays raised their price objective on shares of Northrop Grumman from $500.00 to $580.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. lifted their target price on Northrop Grumman from $480.00 to $585.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $588.85.

Insider Activity at Northrop Grumman

In related news, VP Thomas H. Jones sold 729 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $505.77, for a total value of $368,706.33. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kathy J. Warden sold 7,500 shares of the firm'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 sale, the chief executive officer directly owned 201,602 shares of the company's stock, valued at $101,964,243.54. This represents a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,512 shares of company stock valued at $7,805,146. Insiders own 0.23% of the company's stock.

Northrop Grumman Trading Up 1.4%

NYSE:NOC traded up $7.85 during midday trading on Wednesday, reaching $579.48. 509,094 shares of the stock traded hands, compared to its average volume of 961,435. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The stock has a market capitalization of $82.97 billion, a P/E ratio of 21.36, a PEG ratio of 5.57 and a beta of 0.13. The company has a fifty day moving average of $562.79 and a 200 day moving average of $515.58. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $600.99.

Northrop Grumman (NYSE:NOC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.84 by $0.27. The company had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.15 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. Northrop Grumman's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business earned $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, research analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current 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 given a dividend of $2.31 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.6%. Northrop Grumman's dividend payout ratio is currently 34.06%.

Northrop Grumman Company 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.