Tribune Investment Group LP Makes New $6.14 Million Investment in Northrop Grumman Corporation $NOC

Key Points

• Tribune Investment Group LP newly acquired 12,000 shares of Northrop Grumman Corporation, valued at approximately $6.14 million, representing 2.6% of its investment portfolio.
• Analysts have a consensus rating of Moderate Buy for Northrop Grumman, with a price target range that includes recent upgrades from various brokerages, raising targets up to $650.
• Northrop Grumman's quarterly earnings outperformed estimates, reporting $7.11 EPS on revenues of $10.35 billion, with a year-over-year revenue increase of 1.3%.

Tribune Investment Group LP acquired a new position in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 12,000 shares of the aerospace company's stock, valued at approximately $6,144,000. Northrop Grumman comprises about 2.6% of Tribune Investment Group LP's holdings, making the stock its 18th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. IMA Advisory Services Inc. acquired a new stake in shares of Northrop Grumman during the 1st quarter worth $27,000. Banque Cantonale Vaudoise acquired a new stake in shares of Northrop Grumman during the 1st quarter worth $30,000. Wood Tarver Financial Group LLC purchased a new stake in Northrop Grumman during the 4th quarter worth $32,000. Bellwether Advisors LLC purchased a new stake in Northrop Grumman during the 4th quarter worth $33,000. Finally, Hollencrest Capital Management boosted its position in Northrop Grumman by 790.0% during the 1st quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company's stock worth $45,000 after purchasing an additional 79 shares during the period. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Stock Down 0.9%

NYSE: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 50-day moving average of $541.47 and a 200 day moving average of $504.68. The stock has a market cap of $84.76 billion, a P/E ratio of 21.82, a price-to-earnings-growth ratio of 5.67 and a beta of 0.15. 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 EPS for the quarter, topping 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 business had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $10.15 billion. During the same quarter last year, the company 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. On average, research analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $2.31 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $9.24 annualized dividend and a dividend yield of 1.6%. Northrop Grumman's dividend payout ratio (DPR) is presently 34.06%.

Insider Activity at Northrop Grumman

In other news, VP Robert J. Fleming sold 3,500 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 transaction of $1,770,195.00. Following 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kathy J. Warden sold 7,500 shares of the stock in a transaction dated 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 directly owned 201,602 shares in the company, valued at $101,964,243.54. The trade was a 3.59% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,536 shares of company stock worth $8,306,857. 0.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NOC. Susquehanna upped their price target on shares of Northrop Grumman from $557.00 to $650.00 and gave the stock a "positive" rating in a research report on Tuesday, July 22nd. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Robert W. Baird upped their price target on shares of Northrop Grumman from $547.00 to $565.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Barclays upped their price target on shares of Northrop Grumman from $500.00 to $580.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $542.00 price target (down from $580.00) on shares of Northrop Grumman in a research report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Northrop Grumman presently has an average rating of "Moderate Buy" and an average target price of $586.79.

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.