Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Northrop Grumman Corporation NYSE: NOC. In a filing disclosed on June 09th, the Representative disclosed that they had sold between $1,001 and $15,000 in Northrop Grumman stock on May 15th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Zoom Communications NASDAQ: ZM on 6/25/2025.
- Purchased $1,001 - $15,000 in shares of Coinbase Global NASDAQ: COIN on 6/24/2025.
- Purchased $1,001 - $15,000 in shares of Circle Internet Group NYSE: CRCL on 6/24/2025.
- Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 6/23/2025.
- Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 6/13/2025.
- Sold $1,001 - $15,000 in shares of Atlassian NASDAQ: TEAM on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of ServiceTitan NASDAQ: TTAN on 6/11/2025.
- Sold $1,001 - $15,000 in shares of Datadog NASDAQ: DDOG on 6/11/2025.
- Sold $1,001 - $15,000 in shares of GitLab NASDAQ: GTLB on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/11/2025.
Northrop Grumman Stock Performance
Shares of NOC stock traded up $1.04 during trading on Friday, hitting $569.52. The company's stock had a trading volume of 635,710 shares, compared to its average volume of 771,872. The company has a market cap of $81.54 billion, a PE ratio of 20.99, a P/E/G ratio of 6.18 and a beta of 0.15. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.98. The business has a fifty day moving average of $501.34 and a 200-day moving average of $490.55. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $576.86.
Northrop Grumman (NYSE:NOC - Get Free Report) last released its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating 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 return on equity of 25.52% and a net margin of 9.74%. Northrop Grumman's quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $6.36 earnings per share. As a group, research analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.
Northrop Grumman Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd were issued a $2.31 dividend. The ex-dividend date was Monday, June 2nd. This is a positive change from Northrop Grumman's previous quarterly dividend of $2.06. This represents a $9.24 annualized dividend and a dividend yield of 1.62%. Northrop Grumman's dividend payout ratio is currently 34.06%.
Insider Transactions at Northrop Grumman
In other Northrop Grumman news, CEO Kathy J. Warden sold 7,500 shares of Northrop Grumman stock in a transaction that occurred 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 sale, the chief executive officer directly owned 201,602 shares of the company's stock, valued at approximately $101,964,243.54. The trade was a 3.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Robert J. Fleming sold 3,500 shares of Northrop Grumman stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $505.77, for a total value of $1,770,195.00. Following 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 90 days, insiders sold 16,569 shares of company stock valued at $8,323,150. Insiders own 0.23% of the company's stock.
Institutional Trading of Northrop Grumman
Several large investors have recently modified their holdings of NOC. IMA Advisory Services Inc. bought a new stake in shares of Northrop Grumman in the first quarter worth about $27,000. Saudi Central Bank bought a new stake in Northrop Grumman during the 1st quarter valued at approximately $28,000. Banque Cantonale Vaudoise bought a new stake in Northrop Grumman during the 1st quarter valued at approximately $30,000. Whipplewood Advisors LLC bought a new stake in Northrop Grumman during the 4th quarter valued at approximately $31,000. Finally, Wood Tarver Financial Group LLC bought a new stake in Northrop Grumman during the 4th quarter valued at approximately $32,000. 83.40% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities analysts recently commented on NOC shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $542.00 price objective (down previously from $580.00) on shares of Northrop Grumman in a research note on Tuesday, July 8th. Wells Fargo & Company restated an "overweight" rating on shares of Northrop Grumman in a research report on Tuesday. UBS Group dropped their target price on Northrop Grumman from $583.00 to $571.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Bank of America increased their target price on Northrop Grumman from $550.00 to $650.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Susquehanna increased their target price on Northrop Grumman from $557.00 to $650.00 and gave the stock a "positive" rating in a research report on Tuesday. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $576.67.
Read Our Latest Analysis on NOC
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
About Northrop Grumman
(
Get Free Report)
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.
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