State Street Corp Sells 25,962 Shares of Northrop Grumman Corporation $NOC

State Street Corp trimmed its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 0.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,427,807 shares of the aerospace company’s stock after selling 25,962 shares during the quarter. State Street Corp owned approximately 0.09% of Northrop Grumman worth $6,713,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Saudi Central Bank acquired a new position in shares of Northrop Grumman in the 1st quarter worth approximately $28,000. NewSquare Capital LLC raised its stake in 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. Twin Peaks Wealth Advisors LLC acquired a new position in Northrop Grumman in the second quarter valued at $31,000. Flaharty Asset Management LLC bought a new stake in Northrop Grumman during the first quarter valued at $36,000. Finally, AlphaQuest LLC grew its holdings in Northrop Grumman by 29.2% during the 2nd quarter. AlphaQuest LLC now owns 93 shares of the aerospace company’s stock worth $46,000 after acquiring an additional 21 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NOC. Truist Financial boosted their price objective on Northrop Grumman from $625.00 to $688.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Morgan Stanley boosted their price target on Northrop Grumman from $625.00 to $720.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Northrop Grumman in a research report on Tuesday, October 14th. UBS Group lifted their price objective on shares of Northrop Grumman to $770.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Northrop Grumman from $575.00 to $640.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $646.94.

Insiders Place Their Bets

In other Northrop Grumman news, Director Mark A. Welsh III sold 97 shares of Northrop Grumman stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $564.08, for a total transaction of $54,715.76. Following the completion of the transaction, the director owned 4,281 shares in the company, valued at approximately $2,414,826.48. The trade was a 2.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.23% of the company’s stock.

Northrop Grumman Price Performance

Shares of NYSE:NOC opened at $552.88 on Tuesday. Northrop Grumman Corporation has a twelve month low of $426.24 and a twelve month high of $640.90. The stock’s 50 day moving average is $584.07 and its 200-day moving average is $557.76. The company has a quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $78.91 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 4.81 and a beta of 0.05.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS 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 during the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the previous year, the business posted $7.00 EPS. 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. Sell-side analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Monday, December 1st will be issued a $2.31 dividend. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, December 1st. Northrop Grumman’s dividend payout ratio is currently 33.24%.

Northrop Grumman 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.