Copley Financial Group Inc. Sells 94 Shares of Northrop Grumman Corporation $NOC

Copley Financial Group Inc. cut its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 10.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 786 shares of the aerospace company’s stock after selling 94 shares during the quarter. Copley Financial Group Inc.’s holdings in Northrop Grumman were worth $393,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Saudi Central Bank bought a new position in shares of Northrop Grumman in the first quarter worth approximately $28,000. Banque Cantonale Vaudoise purchased a new position in shares of Northrop Grumman during the 1st quarter valued at $30,000. NewSquare Capital LLC lifted its stake in shares of Northrop Grumman by 75.0% during the 2nd quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock valued at $31,000 after buying an additional 27 shares in the last quarter. Flaharty Asset Management LLC bought a new position in Northrop Grumman in the 1st quarter worth $36,000. Finally, AlphaQuest LLC increased its stake in Northrop Grumman by 29.2% in the 2nd quarter. AlphaQuest LLC now owns 93 shares of the aerospace company’s stock worth $46,000 after buying an additional 21 shares in the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on NOC. Truist Financial boosted their price objective on Northrop Grumman from $625.00 to $688.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. BNP Paribas Exane started coverage on Northrop Grumman in a report on Tuesday, November 18th. They issued an “outperform” rating and a $710.00 price target on the stock. Morgan Stanley upped their price target on Northrop Grumman from $625.00 to $720.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Wall Street Zen upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Finally, Sanford C. Bernstein set a $696.00 target price on shares of Northrop Grumman in a report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Northrop Grumman presently has a consensus rating of “Moderate Buy” and an average price target of $646.94.

Insider Buying and Selling

In other Northrop Grumman news, Director Mark A. Welsh III sold 97 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $564.08, for a total transaction of $54,715.76. Following the sale, the director directly owned 4,281 shares of the company’s stock, valued at $2,414,826.48. The trade was a 2.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.23% of the company’s stock.

Northrop Grumman Stock Down 0.3%

Shares of NOC opened at $567.44 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 0.98. The stock has a market capitalization of $80.99 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 5.07 and a beta of 0.07. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $640.90. The business’s 50 day simple moving average is $588.44 and its 200-day simple moving average is $552.48.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results 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. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The company had revenue of $10.42 billion for the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter in the previous year, the business posted $7.00 earnings per share. Northrop Grumman’s quarterly revenue was up 4.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, equities analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

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