Teza Capital Management LLC Sells 746 Shares of Northrop Grumman Corporation $NOC

Key Points

• Teza Capital Management LLC reduced its stake in Northrop Grumman Corporation by 32.7%, selling 746 shares during the first quarter, leaving it with 1,534 shares valued at $785,000.
• Several institutional investors increased their positions in Northrop Grumman, with notable acquisitions including IMA Advisory Services and Saudi Central Bank each obtaining new stakes worth approximately $27,000 and $28,000, respectively.
• Analysts have raised their price targets for Northrop Grumman, with Bank of America upping its target from $550 to $650 and Barclays increasing it from $500 to $580, while the stock has a consensus rating of "Moderate Buy".

Teza Capital Management LLC trimmed its holdings in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 32.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,534 shares of the aerospace company's stock after selling 746 shares during the quarter. Teza Capital Management LLC's holdings in Northrop Grumman were worth $785,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in NOC. IMA Advisory Services Inc. purchased a new position in shares of Northrop Grumman during the first quarter worth about $27,000. Saudi Central Bank purchased a new position in Northrop Grumman in the 1st quarter worth approximately $28,000. Banque Cantonale Vaudoise purchased a new position in Northrop Grumman in the 1st quarter worth approximately $30,000. Wood Tarver Financial Group LLC bought a new position in shares of Northrop Grumman in the 4th quarter worth $32,000. Finally, Hollencrest Capital Management raised its position 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 buying an additional 79 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Northrop Grumman

In other news, VP Thomas H. Jones sold 729 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 $368,706.33. Following the completion of the transaction, the vice president owned 7,552 shares in the company, valued at $3,819,575.04. This trade represents a 8.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Robert J. Fleming sold 3,500 shares of the company's stock in a transaction on 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 approximately $924,041.79. The trade was a 65.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,512 shares of company stock valued at $7,805,146. 0.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on NOC shares. Sanford C. Bernstein reiterated a "market perform" rating on shares of Northrop Grumman in a research report on Monday, July 14th. Truist Financial reiterated a "buy" rating and issued a $625.00 price objective (up from $550.00) on shares of Northrop Grumman in a report on Wednesday, July 23rd. Wall Street Zen raised Northrop Grumman from a "hold" rating to a "buy" rating in a report on Friday, September 5th. JPMorgan Chase & Co. boosted their target price on Northrop Grumman from $480.00 to $585.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Bank of America increased their price target 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. One research 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's stock. According to data from MarketBeat, Northrop Grumman currently has a consensus rating of "Moderate Buy" and a consensus target price of $588.85.

Northrop Grumman Trading Up 1.4%

Shares of Northrop Grumman stock traded up $7.85 on Wednesday, hitting $579.48. The stock had a trading volume of 509,094 shares, compared to its average volume of 961,435. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $600.99. The stock's 50-day simple moving average is $562.79 and its two-hundred day simple moving average is $515.58. The stock has a market cap of $82.97 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 5.57 and a beta of 0.13.

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 the consensus estimate of $6.84 by $0.27. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same period in the prior year, the firm posted $6.36 earnings per share. The company'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 predict that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The business also recently declared 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. The ex-dividend date is Tuesday, September 2nd. This represents a $9.24 annualized dividend and a yield of 1.6%. Northrop Grumman's payout ratio is 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.