SageView Advisory Group LLC Has $1.71 Million Stake in Northrop Grumman Corporation $NOC

SageView Advisory Group LLC decreased its position in Northrop Grumman Corporation (NYSE:NOC) by 1.9% in the first quarter, HoldingsChannel reports. The firm owned 3,334 shares of the aerospace company’s stock after selling 63 shares during the period. SageView Advisory Group LLC’s holdings in Northrop Grumman were worth $1,707,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NOC. Brighton Jones LLC boosted its stake in Northrop Grumman by 176.3% in the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock worth $1,394,000 after purchasing an additional 1,895 shares during the period. Bank Pictet & Cie Europe AG boosted its stake in Northrop Grumman by 2.2% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,006 shares of the aerospace company’s stock worth $472,000 after purchasing an additional 22 shares during the period. Bison Wealth LLC boosted its stake in shares of Northrop Grumman by 5.3% during the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock valued at $301,000 after buying an additional 32 shares during the period. Gotham Asset Management LLC boosted its stake in shares of Northrop Grumman by 52.5% during the 4th quarter. Gotham Asset Management LLC now owns 13,737 shares of the aerospace company’s stock valued at $6,447,000 after buying an additional 4,729 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in shares of Northrop Grumman by 1.8% during the 4th quarter. Janus Henderson Group PLC now owns 6,311 shares of the aerospace company’s stock valued at $2,958,000 after buying an additional 114 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Insider Activity at Northrop Grumman

In other news, VP Robert J. Fleming sold 3,500 shares of the company’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 transaction of $1,770,195.00. Following the transaction, the vice president directly owned 1,827 shares in the company, valued at approximately $924,041.79. This represents a 65.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas H. Jones sold 729 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $505.77, for a total transaction of $368,706.33. Following the transaction, the vice president owned 7,552 shares in the company, valued at $3,819,575.04. The trade was a 8.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,762 shares of company stock valued at $5,948,896 over the last ninety days. 0.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

NOC has been the subject of a number of research reports. Robert W. Baird lifted their target price on shares of Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Wells Fargo & Company reissued an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. Royal Bank Of Canada lifted their price objective on shares of Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Truist Financial reaffirmed a “buy” rating and issued a $625.00 price objective (up previously from $550.00) on shares of Northrop Grumman in a research note on Wednesday, July 23rd. Finally, Bank of America lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $588.85.

Northrop Grumman Stock Performance

NYSE:NOC opened at $579.48 on Thursday. The firm’s 50-day moving average is $564.40 and its 200-day moving average is $516.02. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $600.99. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The company has a market cap of $82.97 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 5.47 and a beta of 0.13.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping 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 company had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter in the previous year, the firm posted $6.36 EPS. The business’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. Equities research analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders 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 yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio is currently 34.06%.

About Northrop Grumman

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.