Semmax Financial Advisors Inc. Invests $60,000 in Northrop Grumman Corporation $NOC

Semmax Financial Advisors Inc. bought a new stake in shares of Northrop Grumman Corporation (NYSE:NOC) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 125 shares of the aerospace company’s stock, valued at approximately $60,000.

Several other institutional investors have also bought and sold shares of the stock. IMA Advisory Services Inc. purchased a new stake in Northrop Grumman in the 1st quarter valued at $27,000. Saudi Central Bank purchased a new stake in shares of Northrop Grumman in the first quarter valued at about $28,000. Banque Cantonale Vaudoise bought a new position in shares of Northrop Grumman during the first quarter valued at about $30,000. Wood Tarver Financial Group LLC purchased a new position in Northrop Grumman during the fourth quarter worth about $32,000. Finally, Hollencrest Capital Management boosted its holdings 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 last quarter. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

Shares of NOC opened at $571.63 on Wednesday. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $600.99. 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 stock’s fifty day moving average price is $562.79 and its two-hundred day moving average price is $515.58. The firm has a market cap of $81.85 billion, a PE ratio of 21.07, a PEG ratio of 5.57 and a beta of 0.13.

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

Northrop Grumman Dividend Announcement

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

Insider Activity at Northrop Grumman

In related news, VP Robert J. Fleming sold 3,500 shares of the firm’s 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 directly owned 1,827 shares of the company’s stock, valued at approximately $924,041.79. This trade represents a 65.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kathy J. Warden sold 7,500 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 transaction of $3,793,275.00. Following the completion of the transaction, the chief executive officer owned 201,602 shares of the company’s stock, valued at $101,964,243.54. This represents a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,512 shares of company stock worth $7,805,146. 0.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NOC has been the subject of several analyst reports. Barclays increased their price objective on shares of Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Wall Street Zen raised Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Robert W. Baird lifted their price target on Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $542.00 price objective (down previously from $580.00) on shares of Northrop Grumman in a research note on Tuesday, July 8th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Northrop Grumman in a research report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $588.85.

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.