Key Points
- Director Mark Welsh III sold 97 shares on Nov. 24 at an average price of $564.08 for $54,715.76, trimming his stake by 2.22% to 4,281 shares valued at about $2.415 million (SEC filing).
- Q3 results and guidance: Northrop Grumman reported EPS of $7.67 (vs. $6.43 expected) and revenue of $10.42B (below the $10.68B estimate), and set FY2025 guidance of $25.650–26.050 EPS versus analyst expectations around 28.05.
- Dividend announced: The company declared a quarterly dividend of $2.31 per share (annualized $9.24, ~1.6% yield) with record date Dec. 1 and payable Dec. 17; payout ratio ~33.24%.
Northrop Grumman Corporation (NYSE:NOC - Get Free Report) Director Mark Welsh III sold 97 shares of the business's 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 owned 4,281 shares of the company's stock, valued at approximately $2,414,826.48. This trade represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Northrop Grumman Stock Performance
NYSE NOC opened at $569.59 on Wednesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 0.98. The stock's 50 day simple moving average is $588.63 and its 200-day simple moving average is $552.38. The company has a market cap of $81.29 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 5.07 and a beta of 0.07. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $640.90.
Northrop Grumman (NYSE:NOC - Get Free Report) last issued its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, topping the consensus estimate of $6.43 by $1.24. The firm had revenue of $10.42 billion during the quarter, compared to analysts' expectations of $10.68 billion. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The firm's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $7.00 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, equities research analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.
Northrop Grumman Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Monday, December 1st will be paid a dividend of $2.31 per share. This represents a $9.24 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, December 1st. Northrop Grumman's dividend payout ratio is currently 33.24%.
Institutional Investors Weigh In On Northrop Grumman
Institutional investors have recently made changes to their positions in the stock. Soundwatch Capital LLC acquired a new position in shares of Northrop Grumman in the 2nd quarter worth approximately $6,457,274,000. Mawer Investment Management Ltd. purchased a new stake in Northrop Grumman in the second quarter valued at approximately $491,985,000. Wellington Management Group LLP lifted its stake in Northrop Grumman by 23.4% during the first quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company's stock worth $2,631,390,000 after purchasing an additional 974,633 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Northrop Grumman by 1,425.2% during the first 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 during the period. Finally, Nuveen LLC purchased a new position in shares of Northrop Grumman during the first quarter worth $369,205,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages have recently weighed in on NOC. Barclays boosted their target price on Northrop Grumman from $500.00 to $580.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Sanford C. Bernstein set a $696.00 target price on Northrop Grumman in a research note on Thursday, October 23rd. JPMorgan Chase & Co. boosted their price target on shares of Northrop Grumman from $575.00 to $640.00 and gave the company a "neutral" rating in a research report on Wednesday, October 22nd. BNP Paribas raised shares of Northrop Grumman to a "strong-buy" rating in a report on Tuesday, November 18th. Finally, BTIG Research raised their price objective on shares of Northrop Grumman from $630.00 to $680.00 and gave the stock a "buy" rating in a research report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Northrop Grumman has an average rating of "Moderate Buy" and an average price target of $646.94.
Get Our Latest Stock Analysis on Northrop Grumman
Northrop Grumman Company Profile
(
Get Free Report)
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.
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