Monetary Management Group Inc. Decreases Stake in Northrop Grumman Corporation $NOC

Monetary Management Group Inc. reduced its holdings in Northrop Grumman Corporation (NYSE:NOC) by 5.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,800 shares of the aerospace company’s stock after selling 100 shares during the period. Monetary Management Group Inc.’s holdings in Northrop Grumman were worth $922,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of NOC. IMA Advisory Services Inc. purchased a new position in Northrop Grumman during the first quarter worth about $27,000. Banque Cantonale Vaudoise purchased a new position in Northrop Grumman during the first quarter worth about $30,000. Wood Tarver Financial Group LLC purchased a new position in Northrop Grumman during the fourth quarter worth about $32,000. Bellwether Advisors LLC purchased a new position in Northrop Grumman during the fourth quarter worth about $33,000. Finally, Hollencrest Capital Management raised its stake in Northrop Grumman by 790.0% during the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock worth $45,000 after purchasing an additional 79 shares during the period. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Price Performance

Northrop Grumman stock opened at $597.19 on Friday. The company’s 50 day simple moving average is $539.97 and its 200-day simple moving average is $503.70. The company has a market capitalization of $85.51 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 5.67 and a beta of 0.15. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $598.83. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04.

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

Northrop Grumman Dividend Announcement

The firm 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. The ex-dividend date is Tuesday, September 2nd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.5%. Northrop Grumman’s payout ratio is 34.06%.

Analyst Ratings Changes

NOC has been the topic of a number of analyst reports. Robert W. Baird lifted their target price on shares of Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $542.00 target price (down from $580.00) on shares of Northrop Grumman in a research note on Tuesday, July 8th. Truist Financial reaffirmed a “buy” rating and set a $625.00 target price (up from $550.00) on shares of Northrop Grumman in a research note on Wednesday, July 23rd. Royal Bank Of Canada lifted their target price on shares of Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Northrop Grumman from $480.00 to $585.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $586.79.

Insider Buying and Selling at Northrop Grumman

In related news, 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 completion of the transaction, the vice president 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Thomas H. Jones sold 729 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 transaction of $368,706.33. Following the completion of the transaction, the vice president owned 7,552 shares of the company’s stock, valued at $3,819,575.04. This trade represents a 8.80% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,536 shares of company stock worth $8,306,857. 0.23% of the stock is currently owned by company 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.