Northrop Grumman Corporation $NOC Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC cut its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 18.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,092 shares of the aerospace company’s stock after selling 5,010 shares during the period. Voya Investment Management LLC’s holdings in Northrop Grumman were worth $13,461,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Coign Capital Advisors LLC grew its stake in Northrop Grumman by 1.3% during the 2nd quarter. Coign Capital Advisors LLC now owns 1,294 shares of the aerospace company’s stock valued at $647,000 after purchasing an additional 17 shares in the last quarter. King Luther Capital Management Corp raised its position in shares of Northrop Grumman by 1.5% in the 2nd quarter. King Luther Capital Management Corp now owns 1,243 shares of the aerospace company’s stock valued at $621,000 after purchasing an additional 18 shares in the last quarter. Dakota Community Bank & Trust NA boosted its stake in shares of Northrop Grumman by 6.9% during the 3rd quarter. Dakota Community Bank & Trust NA now owns 278 shares of the aerospace company’s stock valued at $169,000 after buying an additional 18 shares during the last quarter. Chesley Taft & Associates LLC grew its position in shares of Northrop Grumman by 1.3% during the third quarter. Chesley Taft & Associates LLC now owns 1,375 shares of the aerospace company’s stock worth $838,000 after buying an additional 18 shares in the last quarter. Finally, CNB Bank increased its stake in shares of Northrop Grumman by 0.8% in the second quarter. CNB Bank now owns 2,521 shares of the aerospace company’s stock worth $1,260,000 after buying an additional 19 shares during the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NOC has been the topic of a number of research analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $714.00 price objective on shares of Northrop Grumman in a research note on Tuesday, December 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Northrop Grumman in a report on Tuesday, October 14th. Wall Street Zen upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, September 5th. 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. Finally, Truist Financial raised their price target on shares of Northrop Grumman from $625.00 to $688.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Northrop Grumman currently has a consensus rating of “Moderate Buy” and an average target price of $651.18.

Northrop Grumman Stock Performance

Shares of NOC opened at $584.22 on Tuesday. The firm has a fifty day moving average of $573.44 and a 200-day moving average of $563.73. The company has a market cap of $83.38 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 4.89 and a beta of 0.05. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 1.11. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $640.90.

Northrop Grumman (NYSE:NOC) last issued 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. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The firm had revenue of $10.42 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same period last year, the firm posted $7.00 EPS. Northrop Grumman’s quarterly revenue was up 4.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, equities analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

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

Insider Buying and Selling

In other Northrop Grumman news, Director Mark A. Welsh III sold 97 shares of Northrop Grumman stock in a transaction on Monday, November 24th. The stock was sold at an average price of $564.08, for a total transaction of $54,715.76. Following the sale, the director owned 4,281 shares of the company’s stock, valued at $2,414,826.48. The trade was a 2.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

Northrop Grumman Company Profile

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.