Yacktman Asset Management LP Sells 12,049 Shares of Northrop Grumman Corporation $NOC

Yacktman Asset Management LP lessened its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 5.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 222,144 shares of the aerospace company’s stock after selling 12,049 shares during the period. Northrop Grumman comprises 1.5% of Yacktman Asset Management LP’s holdings, making the stock its 28th largest position. Yacktman Asset Management LP owned approximately 0.16% of Northrop Grumman worth $111,068,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in NOC. Wellington Management Group LLP increased its holdings in Northrop Grumman by 23.4% during the 1st 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. increased its position in shares of Northrop Grumman by 1,425.2% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,001,198 shares of the aerospace company’s stock valued at $512,624,000 after acquiring an additional 935,554 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Northrop Grumman in the first quarter valued at about $369,205,000. Vanguard Group Inc. increased its position in shares of Northrop Grumman by 4.6% in the first quarter. Vanguard Group Inc. now owns 13,266,301 shares of the aerospace company’s stock valued at $6,792,479,000 after acquiring an additional 588,520 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Northrop Grumman by 98.8% in the first quarter. AQR Capital Management LLC now owns 899,114 shares of the aerospace company’s stock valued at $460,355,000 after acquiring an additional 446,940 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Analyst Ratings Changes

NOC has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft set a $700.00 target price on shares of Northrop Grumman and gave the company a “buy” rating in a research note on Wednesday, October 8th. BTIG Research raised their target price on shares of Northrop Grumman from $630.00 to $680.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Truist Financial raised their target price on shares of Northrop Grumman from $625.00 to $688.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Bank of America lifted their price target on Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Finally, UBS Group lifted their price target on Northrop Grumman to $770.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $642.73.

Northrop Grumman Trading Down 1.1%

Northrop Grumman stock opened at $570.67 on Thursday. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $640.90. 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 $81.45 billion, a P/E ratio of 20.53, a PEG ratio of 5.07 and a beta of 0.07. The stock has a 50-day simple moving average of $593.27 and a 200 day simple moving average of $544.05.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, topping analysts’ consensus estimates of $6.43 by $1.24. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The business had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter last year, the company posted $7.00 earnings per share. Northrop Grumman’s quarterly revenue was up 4.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman’s payout ratio is currently 33.24%.

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.