Northrop Grumman Corporation $NOC Shares Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC raised its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 0.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 273,681 shares of the aerospace company’s stock after acquiring an additional 2,420 shares during the period. Northrop Grumman makes up 1.9% of Penserra Capital Management LLC’s portfolio, making the stock its 4th biggest holding. Penserra Capital Management LLC’s holdings in Northrop Grumman were worth $136,832,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in NOC. IMA Advisory Services Inc. acquired a new position in shares of Northrop Grumman during the 1st quarter worth about $27,000. Saudi Central Bank acquired a new stake in Northrop Grumman in the 1st quarter valued at approximately $28,000. Banque Cantonale Vaudoise bought a new position in Northrop Grumman in the 1st quarter worth approximately $30,000. NewSquare Capital LLC lifted its holdings in shares of Northrop Grumman by 75.0% during the second quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after buying an additional 27 shares during the last quarter. Finally, Flaharty Asset Management LLC bought a new stake in shares of Northrop Grumman in the first quarter valued at approximately $36,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Price Performance

NYSE:NOC opened at $569.09 on Friday. 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 company has a 50-day moving average of $592.54 and a 200-day moving average of $544.51. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $640.90. The company has a market capitalization of $81.22 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 5.07 and a beta of 0.07.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $10.68 billion. During the same quarter in the previous year, the firm posted $7.00 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NOC shares. BTIG Research boosted their target price 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. Royal Bank Of Canada raised their price target on shares of Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $700.00 price objective on shares of Northrop Grumman and gave the stock a “buy” rating in a report on Wednesday, October 8th. Susquehanna increased their target price on shares of Northrop Grumman from $650.00 to $690.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Finally, Truist Financial lifted their target price on Northrop Grumman from $625.00 to $688.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $642.73.

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.