Twin Tree Management LP Buys 33,511 Shares of Northrop Grumman Corporation $NOC

Key Points

• Twin Tree Management LP significantly increased its stake in Northrop Grumman, boosting holdings by 1,758.2% to a total of 35,417 shares worth $18.13 million.
• Multiple institutional investors have also made large moves in Northrop Grumman, with GAMMA Investing LLC increasing their stake by 55,522.3%, resulting in ownership of 1.52 million shares valued at $778.34 million.
• Northrop Grumman recently reported earnings of $7.11 EPS for the last quarter, exceeding estimates, and has set its FY 2025 guidance at 25.000-25.400 EPS.

Twin Tree Management LP boosted its holdings in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 1,758.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,417 shares of the aerospace company's stock after purchasing an additional 33,511 shares during the period. Twin Tree Management LP's holdings in Northrop Grumman were worth $18,134,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Brookstone Capital Management increased its position in shares of Northrop Grumman by 121.0% during the first quarter. Brookstone Capital Management now owns 6,640 shares of the aerospace company's stock valued at $3,400,000 after buying an additional 3,635 shares during the period. GAM Holding AG increased its position in shares of Northrop Grumman by 51.9% during the first quarter. GAM Holding AG now owns 2,338 shares of the aerospace company's stock valued at $1,197,000 after buying an additional 799 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Northrop Grumman during the first quarter valued at about $33,090,000. Golden State Wealth Management LLC increased its position in shares of Northrop Grumman by 206.2% during the first quarter. Golden State Wealth Management LLC now owns 2,771 shares of the aerospace company's stock valued at $1,421,000 after buying an additional 1,866 shares during the period. Finally, Bessemer Group Inc. grew its holdings in Northrop Grumman by 18.8% in the first quarter. Bessemer Group Inc. now owns 795,839 shares of the aerospace company's stock worth $407,477,000 after purchasing an additional 125,693 shares during the period. 83.40% of the stock is owned by institutional investors.

Insider Transactions at Northrop Grumman

In other news, CEO Kathy J. Warden sold 7,500 shares of the stock in a transaction on Friday, June 13th. The shares were 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 of the company's stock, valued at $101,964,243.54. This represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert J. Fleming sold 3,500 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $505.77, for a total transaction of $1,770,195.00. Following the completion of the sale, the vice president directly 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 disclosure for this sale can be found here. Insiders sold a total of 15,545 shares of company stock valued at $7,821,267 over the last three months. Corporate insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Bank of America upped their price objective 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. Wells Fargo & Company restated an "overweight" rating on shares of Northrop Grumman in a report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $542.00 price objective (down previously from $580.00) on shares of Northrop Grumman in a report on Tuesday, July 8th. Sanford C. Bernstein restated a "market perform" rating on shares of Northrop Grumman in a report on Monday, July 14th. Finally, Susquehanna increased their price target on shares of Northrop Grumman from $557.00 to $650.00 and gave the company a "positive" rating in a report on Tuesday, July 22nd. One investment 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $588.85.

Northrop Grumman Stock Performance

Northrop Grumman stock traded down $8.43 during midday trading on Wednesday, reaching $580.89. 462,405 shares of the company traded hands, compared to its average volume of 972,560. The firm has a market capitalization of $83.17 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 5.65 and a beta of 0.13. The business has a 50 day moving average of $554.51 and a two-hundred day moving average of $510.77. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $600.99. 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 (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 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 the consensus estimate of $10.15 billion. During the same period last year, the firm earned $6.36 earnings per share. The company's quarterly revenue 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, research analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd will be paid a $2.31 dividend. The ex-dividend date of this dividend 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 34.06%.

About Northrop Grumman

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.