F m Investments LLC Acquires 98 Shares of Northrop Grumman Corporation $NOC

F m Investments LLC increased its stake in Northrop Grumman Corporation (NYSE:NOC) by 0.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,725 shares of the aerospace company’s stock after acquiring an additional 98 shares during the period. F m Investments LLC’s holdings in Northrop Grumman were worth $14,362,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Saudi Central Bank bought a new position in Northrop Grumman in the 1st quarter valued at $28,000. Banque Cantonale Vaudoise purchased a new stake in Northrop Grumman in the 1st quarter valued at about $30,000. NewSquare Capital LLC grew its stake in Northrop Grumman by 75.0% in the 2nd quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 27 shares in the last quarter. Flaharty Asset Management LLC purchased a new position in shares of Northrop Grumman during the first quarter worth approximately $36,000. Finally, AlphaQuest LLC increased its position in shares of Northrop Grumman by 29.2% during the second quarter. AlphaQuest LLC now owns 93 shares of the aerospace company’s stock worth $46,000 after acquiring an additional 21 shares during the period. Institutional investors own 83.40% of the company’s stock.

Insider Activity at Northrop Grumman

In related news, Director Mark A. Welsh III sold 97 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $564.08, for a total transaction of $54,715.76. Following the completion of the transaction, the director owned 4,281 shares of the company’s stock, valued at approximately $2,414,826.48. This trade represents a 2.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on NOC. Deutsche Bank Aktiengesellschaft set a $700.00 target price on Northrop Grumman and gave the stock a “buy” rating in a report on Wednesday, October 8th. Truist Financial upped their target price on Northrop Grumman from $625.00 to $688.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Susquehanna lifted their price objective on shares of Northrop Grumman from $650.00 to $690.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Morgan Stanley lifted their price objective on shares of Northrop Grumman from $625.00 to $720.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Finally, Sanford C. Bernstein set a $696.00 target price on Northrop Grumman in a research note on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Northrop Grumman currently has an average rating of “Moderate Buy” and an average price target of $646.94.

Northrop Grumman Stock Down 0.3%

Shares of NOC opened at $567.44 on Friday. The stock has a fifty day simple moving average of $588.31 and a two-hundred day simple moving average of $552.59. The company has a market capitalization of $80.99 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 5.07 and a beta of 0.07. The company has a quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 0.95. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $640.90.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share for the quarter, topping the consensus estimate of $6.43 by $1.24. The company had revenue of $10.42 billion during the quarter, compared to analyst estimates of $10.68 billion. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $7.00 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, equities analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st will be paid a $2.31 dividend. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, December 1st. Northrop Grumman’s payout ratio is 33.24%.

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.