MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $101.64 Million Stake in Northrop Grumman Corporation $NOC

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 60.3% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 198,503 shares of the aerospace company’s stock after buying an additional 74,633 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.14% of Northrop Grumman worth $101,636,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in NOC. IMA Advisory Services Inc. acquired a new position in shares of Northrop Grumman during the first quarter valued at about $27,000. Saudi Central Bank acquired a new position in shares of Northrop Grumman during the first quarter valued at about $28,000. Banque Cantonale Vaudoise acquired a new position in shares of Northrop Grumman during the first quarter valued at about $30,000. Wood Tarver Financial Group LLC acquired a new position in shares of Northrop Grumman during the fourth quarter valued at about $32,000. Finally, Hollencrest Capital Management raised its position in Northrop Grumman by 790.0% in 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 in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Insider Activity

In other news, VP Thomas H. Jones sold 729 shares of the 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 sale, the vice president directly owned 7,552 shares of the company’s stock, valued at $3,819,575.04. This represents a 8.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Robert J. Fleming sold 3,500 shares of the 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 $1,770,195.00. Following the sale, the vice president directly owned 1,827 shares in the company, valued at $924,041.79. This trade represents a 65.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,512 shares of company stock valued at $7,805,146 over the last three months. 0.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Barclays increased their price target on shares of Northrop Grumman from $500.00 to $580.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Susquehanna increased their price target on shares of Northrop Grumman from $557.00 to $650.00 and gave the stock a “positive” rating in a research report on Tuesday, July 22nd. Truist Financial reissued a “buy” rating and issued a $625.00 price target (up previously from $550.00) on shares of Northrop Grumman in a research report on Wednesday, July 23rd. Robert W. Baird upped their price objective 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. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Northrop Grumman in a research note on Monday, July 14th. One equities research 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $588.85.

Northrop Grumman Price Performance

NOC opened at $579.22 on Friday. Northrop Grumman Corporation has a one year low of $426.24 and a one 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 company’s 50 day simple moving average is $558.08 and its 200-day simple moving average is $512.22. The stock has a market capitalization of $82.93 billion, a P/E ratio of 21.35, a price-to-earnings-growth ratio of 5.56 and a beta of 0.13.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, beating the consensus estimate of $6.84 by $0.27. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The business had revenue of $10.35 billion for the quarter, compared to analysts’ expectations of $10.15 billion. During the same period in the prior year, the firm earned $6.36 earnings per share. Northrop Grumman’s 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. Sell-side analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

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

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.