Tema Etfs LLC Makes New $1.35 Million Investment in Northrop Grumman Corporation $NOC

Tema Etfs LLC bought a new stake in Northrop Grumman Corporation (NYSE:NOC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,220 shares of the aerospace company’s stock, valued at approximately $1,353,000.

Several other large investors also recently added to or reduced their stakes in NOC. Parvin Asset Management LLC acquired a new position in Northrop Grumman in the 2nd quarter valued at $25,000. NewSquare Capital LLC boosted its holdings in Northrop Grumman by 75.0% during the second quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 27 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in Northrop Grumman during the second quarter valued at about $31,000. AlphaQuest LLC grew its position in shares of Northrop Grumman by 29.2% in the second quarter. AlphaQuest LLC now owns 93 shares of the aerospace company’s stock valued at $46,000 after purchasing an additional 21 shares during the last quarter. Finally, City Holding Co. increased its stake in shares of Northrop Grumman by 138.1% in the second quarter. City Holding Co. now owns 100 shares of the aerospace company’s stock worth $50,000 after purchasing an additional 58 shares during the period. 83.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $714.00 target price on shares of Northrop Grumman in a report on Tuesday, December 16th. Truist Financial reaffirmed a “hold” rating and set a $623.00 target price (down previously from $688.00) on shares of Northrop Grumman in a research report on Friday. BTIG Research increased their price target on shares of Northrop Grumman from $630.00 to $680.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Northrop Grumman in a research report on Wednesday, December 24th. Finally, Susquehanna raised their price objective on shares of Northrop Grumman from $650.00 to $690.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Northrop Grumman currently has an average rating of “Moderate Buy” and an average target price of $649.18.

Northrop Grumman Stock Performance

Shares of Northrop Grumman stock opened at $629.68 on Tuesday. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $640.90. The firm has a fifty day moving average of $571.18 and a two-hundred day moving average of $573.68. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 1.11. The stock has a market capitalization of $89.87 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 5.02 and a beta of 0.05.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data 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 business had revenue of $10.42 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same quarter last year, the firm earned $7.00 EPS. Northrop Grumman’s quarterly revenue was up 4.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, equities research analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Monday, December 1st were paid a $2.31 dividend. This represents a $9.24 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, December 1st. Northrop Grumman’s payout ratio is presently 33.24%.

Insider Activity

In other news, CEO Kathy J. Warden sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $615.00, for a total transaction of $1,845,000.00. Following the sale, the chief executive officer owned 191,602 shares of the company’s stock, valued at $117,835,230. This trade represents a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark A. Welsh III sold 97 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $564.08, for a total value of $54,715.76. Following the sale, the director directly owned 4,281 shares of the company’s stock, valued at approximately $2,414,826.48. The trade was a 2.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 10,097 shares of company stock valued at $6,099,716 over the last 90 days. Corporate insiders own 0.23% of the company’s stock.

About Northrop Grumman

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.