Daiwa Securities Group Inc. Has $10.21 Million Holdings in Northrop Grumman Corporation $NOC

Daiwa Securities Group Inc. raised its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 5.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 20,417 shares of the aerospace company’s stock after buying an additional 999 shares during the period. Daiwa Securities Group Inc.’s holdings in Northrop Grumman were worth $10,208,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Saudi Central Bank purchased a new stake in shares of Northrop Grumman in the 1st quarter valued at approximately $28,000. NewSquare Capital LLC raised its stake in Northrop Grumman by 75.0% during the 2nd quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 27 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Northrop Grumman in the second quarter valued at $31,000. Flaharty Asset Management LLC purchased a new stake in shares of Northrop Grumman in the first quarter valued at $36,000. Finally, AlphaQuest LLC boosted its position in shares of Northrop Grumman by 29.2% in the second quarter. AlphaQuest LLC now owns 93 shares of the aerospace company’s stock worth $46,000 after buying an additional 21 shares during the period. 83.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on NOC shares. BNP Paribas Exane started coverage on Northrop Grumman in a research report on Tuesday, November 18th. They set an “outperform” rating and a $710.00 price target on the stock. UBS Group lifted their target price on Northrop Grumman to $770.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft set a $700.00 target price on Northrop Grumman and gave the company a “buy” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on shares of Northrop Grumman from $575.00 to $640.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Finally, BTIG Research upped their price objective 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. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Northrop Grumman presently has an average rating of “Moderate Buy” and an average target price of $646.94.

Northrop Grumman Price Performance

NYSE NOC opened at $554.85 on Thursday. 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 stock has a market capitalization of $79.19 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 4.83 and a beta of 0.05. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $640.90. The company has a 50 day moving average price of $581.87 and a two-hundred day moving average price of $558.29.

Northrop Grumman (NYSE:NOC) last released its quarterly 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 the consensus estimate of $10.68 billion. During the same quarter last year, the firm earned $7.00 EPS. Northrop Grumman’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 analysts predict 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, December 17th. Stockholders of record on Monday, December 1st will be paid a dividend of $2.31 per share. This represents a $9.24 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, December 1st. Northrop Grumman’s dividend payout ratio is 33.24%.

Insider Activity

In other news, Director Mark A. Welsh III sold 97 shares of the 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 transaction, the director owned 4,281 shares of the company’s stock, valued at approximately $2,414,826.48. This represents a 2.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.23% of the company’s stock.

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.