Mattson Financial Services LLC Sells 53 Shares of Northrop Grumman Corporation $NOC

Mattson Financial Services LLC reduced its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 2.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,884 shares of the aerospace company’s stock after selling 53 shares during the quarter. Mattson Financial Services LLC’s holdings in Northrop Grumman were worth $965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of NOC. GAMMA Investing LLC increased its holdings in 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 worth $778,336,000 after buying an additional 1,517,425 shares in the last quarter. Wellington Management Group LLP increased its holdings in Northrop Grumman by 23.4% in the 1st quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company’s stock worth $2,631,390,000 after buying an additional 974,633 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Northrop Grumman by 1,425.2% in the 1st 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 in the last quarter. Nuveen LLC bought a new stake in Northrop Grumman in the 1st quarter worth about $369,205,000. Finally, Vanguard Group Inc. increased its holdings in Northrop Grumman by 4.6% in the 1st 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 in the last quarter. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Trading Up 1.4%

Shares of NOC stock opened at $579.48 on Thursday. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $600.99. The firm has a fifty day moving average price of $564.40 and a 200-day moving average price of $516.02. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The company has a market cap of $82.97 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 5.47 and a beta of 0.13.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, topping analysts’ consensus estimates of $6.84 by $0.27. The business had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $10.15 billion. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.36 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. As a group, equities analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd will be given a $2.31 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $9.24 dividend on an annualized basis and a yield of 1.6%. Northrop Grumman’s dividend payout ratio is presently 34.06%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Robert W. Baird lifted their price objective on Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Sanford C. Bernstein reiterated a “market perform” rating on shares of Northrop Grumman in a report on Monday, July 14th. JPMorgan Chase & Co. upped their price objective on Northrop Grumman from $480.00 to $585.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Susquehanna increased their target price on Northrop Grumman from $557.00 to $650.00 and gave the company a “positive” rating in a report on Tuesday, July 22nd. Finally, Royal Bank Of Canada increased their target price on Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” 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 issued a Hold rating to the stock. Based on data from MarketBeat, Northrop Grumman currently has a consensus rating of “Moderate Buy” and an average price target of $588.85.

Insiders Place Their Bets

In other Northrop Grumman news, VP Robert J. Fleming sold 3,500 shares of the company’s stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $505.77, for a total value of $1,770,195.00. Following the completion of the sale, the vice president owned 1,827 shares in the company, valued at $924,041.79. This represents a 65.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Kathy J. Warden sold 7,500 shares of the company’s stock in a transaction dated Friday, June 13th. The stock was 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 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 disclosure for this sale can be found here. Insiders sold a total of 11,762 shares of company stock worth $5,948,896 over the last quarter. 0.23% of the stock is currently owned by corporate insiders.

Northrop Grumman Company Profile

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.