RPG Investment Advisory LLC Increases Holdings in Northrop Grumman Corporation $NOC

RPG Investment Advisory LLC lifted its holdings in Northrop Grumman Corporation (NYSE:NOC) by 100.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,958 shares of the aerospace company’s stock after acquiring an additional 1,479 shares during the period. RPG Investment Advisory LLC’s holdings in Northrop Grumman were worth $1,515,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in shares of Northrop Grumman by 55,522.3% in the 1st quarter. GAMMA Investing LLC now owns 1,520,158 shares of the aerospace company’s stock valued at $778,336,000 after purchasing an additional 1,517,425 shares during the last quarter. Wellington Management Group LLP raised its holdings in Northrop Grumman by 23.4% during 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 buying an additional 974,633 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in Northrop Grumman by 1,425.2% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,001,198 shares of the aerospace company’s stock worth $512,624,000 after buying an additional 935,554 shares during the last quarter. Nuveen LLC purchased a new position in Northrop Grumman during the first quarter worth $369,205,000. Finally, Vanguard Group Inc. boosted its stake in Northrop Grumman by 4.6% during the first quarter. Vanguard Group Inc. now owns 13,266,301 shares of the aerospace company’s stock worth $6,792,479,000 after buying an additional 588,520 shares during the period. 83.40% of the stock is owned by institutional investors.

Northrop Grumman Stock Performance

Northrop Grumman stock opened at $597.19 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The company has a market capitalization of $85.51 billion, a PE ratio of 22.01, a P/E/G ratio of 5.67 and a beta of 0.15. The company has a 50 day moving average price of $539.97 and a 200-day moving average price of $503.70. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $598.83.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, topping the consensus estimate of $6.84 by $0.27. The company had revenue of $10.35 billion for the quarter, compared to the consensus estimate 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 last year, the business posted $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. As a group, equities analysts forecast 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. Investors of record on Tuesday, September 2nd will be issued a $2.31 dividend. This represents a $9.24 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 2nd. Northrop Grumman’s payout ratio is presently 34.06%.

Analyst Ratings Changes

Several brokerages have recently weighed in on NOC. Bank of America increased their target price on shares of Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Robert W. Baird increased their price objective 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. JPMorgan Chase & Co. boosted their target price on Northrop Grumman from $480.00 to $585.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Truist Financial reiterated a “buy” rating and issued a $625.00 price target (up from $550.00) on shares of Northrop Grumman in a report on Wednesday, July 23rd. Finally, Susquehanna raised their price target on Northrop Grumman from $557.00 to $650.00 and gave the stock a “positive” rating in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Northrop Grumman presently has a consensus rating of “Moderate Buy” and a consensus price target of $586.79.

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, VP Thomas H. Jones sold 729 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 $368,706.33. Following the transaction, the vice president directly owned 7,552 shares in the company, valued at $3,819,575.04. This represents a 8.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kathy J. Warden sold 7,500 shares of the firm’s stock in a transaction dated Friday, June 13th. The shares were 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. This trade represents a 3.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,536 shares of company stock valued at $8,306,857 in the last ninety days. 0.23% of the stock is owned by insiders.

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.