Texas Capital Bank Wealth Management Services Inc Invests $292,000 in Northrop Grumman Corporation $NOC

Key Points

• Texas Capital Bank Wealth Management Services Inc has invested approximately $292,000 in Northrop Grumman Corporation, purchasing 570 shares of the aerospace company in the first quarter.
• Insider activity has been notable, with VP Roshan S. Roeder and CEO Kathy J. Warden selling shares, resulting in a significant decrease in their ownership stakes in the company.
• Northrop Grumman reported earnings of $7.11 per share for the last quarter, surpassing expectations, and set a fiscal year 2025 guidance ranging from $25.00 to $25.40 EPS.

Texas Capital Bank Wealth Management Services Inc purchased a new position in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 570 shares of the aerospace company's stock, valued at approximately $292,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in Northrop Grumman by 23.4% in the 1st quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company's stock valued at $2,631,390,000 after acquiring an additional 974,633 shares in the last quarter. Qtron Investments LLC increased its position in shares of Northrop Grumman by 149.8% in the first quarter. Qtron Investments LLC now owns 2,483 shares of the aerospace company's stock worth $1,271,000 after purchasing an additional 1,489 shares during the period. Aptus Capital Advisors LLC raised its stake in Northrop Grumman by 1,579.2% in the first quarter. Aptus Capital Advisors LLC now owns 43,022 shares of the aerospace company's stock valued at $22,028,000 after purchasing an additional 40,460 shares in the last quarter. Brooklyn Investment Group lifted its position in Northrop Grumman by 44.3% during the first quarter. Brooklyn Investment Group now owns 1,576 shares of the aerospace company's stock worth $806,000 after purchasing an additional 484 shares during the period. Finally, FCG Investment Co lifted its position in Northrop Grumman by 34.3% during the first quarter. FCG Investment Co now owns 2,775 shares of the aerospace company's stock worth $1,421,000 after purchasing an additional 708 shares during the period. Institutional investors own 83.40% of the company's stock.

Analysts Set New Price Targets

NOC has been the topic of several recent analyst reports. 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 report on Tuesday, July 8th. Sanford C. Bernstein reissued a "market perform" rating on shares of Northrop Grumman in a research note on Monday, July 14th. JPMorgan Chase & Co. boosted their price objective on shares of Northrop Grumman from $480.00 to $585.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Bank of America upped their target price on Northrop Grumman from $550.00 to $650.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, Susquehanna lifted their price target on Northrop Grumman from $557.00 to $650.00 and gave the company a "positive" rating in a research note on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $586.79.

Northrop Grumman Price Performance

NOC traded down $5.2310 on Friday, reaching $591.9790. The stock had a trading volume of 616,625 shares, compared to its average volume of 736,066. 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 company has a market capitalization of $84.76 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 5.72 and a beta of 0.15. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $600.99. The firm has a 50-day moving average of $541.47 and a 200-day moving average of $504.45.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share for the quarter, topping the consensus estimate of $6.84 by $0.27. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The company had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $10.15 billion. During the same period in the previous year, the business posted $6.36 earnings per share. The business's quarterly revenue was up 1.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. As a group, sell-side analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $2.31 per share. 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 payout ratio is presently 34.06%.

Insider Buying and Selling at Northrop Grumman

In other news, VP Robert J. Fleming sold 3,500 shares of the firm's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $505.77, for a total transaction 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 approximately $924,041.79. This trade represents a 65.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kathy J. Warden sold 7,500 shares of Northrop Grumman stock in a transaction on Friday, June 13th. The stock was sold at an average price of $505.77, for a total transaction of $3,793,275.00. Following the transaction, the chief executive officer owned 201,602 shares in the company, valued at approximately $101,964,243.54. This trade represents a 3.59% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,536 shares of company stock valued at $8,306,857. Insiders own 0.23% of the company's stock.

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.