OVERSEA CHINESE BANKING Corp Ltd Grows Stock Position in Northrop Grumman Corporation $NOC

OVERSEA CHINESE BANKING Corp Ltd boosted its position in Northrop Grumman Corporation (NYSE:NOC) by 24.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 509 shares of the aerospace company’s stock after buying an additional 101 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Northrop Grumman were worth $251,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of NOC. IMA Advisory Services Inc. purchased a new position in Northrop Grumman during the first quarter worth about $27,000. Saudi Central Bank acquired a new position in Northrop Grumman during the 1st quarter worth approximately $28,000. Banque Cantonale Vaudoise purchased a new position in shares of Northrop Grumman during the 1st quarter worth approximately $30,000. Flaharty Asset Management LLC purchased a new position in shares of Northrop Grumman during the 1st quarter worth approximately $36,000. Finally, Hollencrest Capital Management lifted its holdings in shares of Northrop Grumman by 790.0% in the 1st quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock valued at $45,000 after buying an additional 79 shares during the period. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NOC shares. JPMorgan Chase & Co. upped their price objective on Northrop Grumman from $575.00 to $640.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft set a $700.00 price target on shares of Northrop Grumman and gave the company a “buy” rating in a report on Wednesday, October 8th. Bank of America raised their price objective 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. Wells Fargo & Company restated an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Finally, Wall Street Zen upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $642.73.

Northrop Grumman Stock Down 0.2%

Shares of NYSE NOC opened at $594.95 on Wednesday. The firm’s 50-day moving average is $594.81 and its two-hundred day moving average is $542.29. The company has a market capitalization of $84.91 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 5.16 and a beta of 0.10. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $640.90. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 0.98.

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 analysts’ consensus estimates of $6.43 by $1.24. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The business had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same period last year, the company posted $7.00 EPS. The company’s 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. Equities analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were given a $2.31 dividend. This represents a $9.24 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio is currently 33.24%.

Northrop Grumman 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.