Princeton Global Asset Management LLC Cuts Stock Holdings in Northrop Grumman Corporation $NOC

Princeton Global Asset Management LLC reduced its stake in Northrop Grumman Corporation (NYSE:NOCFree Report) by 25.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,392 shares of the aerospace company’s stock after selling 1,515 shares during the period. Princeton Global Asset Management LLC’s holdings in Northrop Grumman were worth $2,676,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Northrop Grumman by 176.3% during the fourth quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock worth $1,394,000 after buying an additional 1,895 shares in the last quarter. Bison Wealth LLC lifted its stake in Northrop Grumman by 5.3% in the fourth quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock worth $301,000 after acquiring an additional 32 shares during the last quarter. American Century Companies Inc. grew its holdings in Northrop Grumman by 3.9% during the 1st quarter. American Century Companies Inc. now owns 9,980 shares of the aerospace company’s stock worth $5,110,000 after acquiring an additional 370 shares in the last quarter. Erste Asset Management GmbH increased its position in shares of Northrop Grumman by 40.7% in the 1st quarter. Erste Asset Management GmbH now owns 190 shares of the aerospace company’s stock valued at $97,000 after purchasing an additional 55 shares during the last quarter. Finally, TFB Advisors LLC purchased a new stake in shares of Northrop Grumman in the 1st quarter valued at approximately $202,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Northrop Grumman

In other news, Director Mark A. Welsh III sold 97 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $564.08, for a total value of $54,715.76. Following the completion of the sale, the director directly owned 4,281 shares of the company’s stock, valued at approximately $2,414,826.48. This represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.23% of the company’s stock.

Key Headlines Impacting Northrop Grumman

Here are the key news stories impacting Northrop Grumman this week:

Northrop Grumman Trading Up 1.8%

NYSE:NOC opened at $569.46 on Friday. The company has a market capitalization of $81.27 billion, a PE ratio of 20.48, a P/E/G ratio of 4.81 and a beta of 0.05. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $640.90. The stock’s 50 day moving average price is $574.12 and its 200 day moving average price is $562.04. The company has a quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 0.95.

Northrop Grumman (NYSE:NOCGet Free Report) last posted its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share for the quarter, beating the consensus estimate of $6.43 by $1.24. The business had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.68 billion. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The company’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $7.00 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, research analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Monday, December 1st were paid a $2.31 dividend. The ex-dividend date was Monday, December 1st. This represents a $9.24 dividend on an annualized basis and a yield of 1.6%. Northrop Grumman’s payout ratio is currently 33.24%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. UBS Group raised their price target on Northrop Grumman to $770.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. BNP Paribas Exane began coverage on Northrop Grumman in a research report on Tuesday, November 18th. They set an “outperform” rating and a $710.00 price objective for the company. Susquehanna increased their price objective on Northrop Grumman from $650.00 to $690.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Finally, BNP Paribas raised Northrop Grumman to a “strong-buy” rating in a research report on Tuesday, November 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $651.18.

Get Our Latest Stock Analysis on Northrop Grumman

Northrop Grumman Company Profile

(Free Report)

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.

Further Reading

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Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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