Sumitomo Mitsui Trust Group Inc. Purchases 2,288 Shares of Northrop Grumman Corporation $NOC

Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 0.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 347,835 shares of the aerospace company’s stock after purchasing an additional 2,288 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Northrop Grumman were worth $211,943,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. First Horizon Corp purchased a new position in shares of Northrop Grumman in the third quarter worth about $362,000. Pinnacle Bancorp Inc. boosted its holdings in Northrop Grumman by 10.1% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 503 shares of the aerospace company’s stock worth $306,000 after buying an additional 46 shares during the period. MGO One Seven LLC grew its stake in Northrop Grumman by 41.7% in the 3rd quarter. MGO One Seven LLC now owns 7,396 shares of the aerospace company’s stock valued at $4,506,000 after buying an additional 2,177 shares in the last quarter. Meeder Asset Management Inc. grew its stake in Northrop Grumman by 27.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 23,876 shares of the aerospace company’s stock valued at $14,548,000 after buying an additional 5,072 shares in the last quarter. Finally, Citizens Financial Group Inc. RI raised its holdings in Northrop Grumman by 12.9% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 15,856 shares of the aerospace company’s stock valued at $9,662,000 after acquiring an additional 1,814 shares during the period. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NOC shares. Weiss Ratings restated a “buy (b)” rating on shares of Northrop Grumman in a research report on Wednesday, December 24th. Alembic Global Advisors raised Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $662.00 price objective on the stock in a report on Monday, December 15th. Citigroup started coverage on Northrop Grumman in a research note on Thursday, December 11th. They issued a “buy” rating and a $654.00 target price for the company. Susquehanna upped their price target on Northrop Grumman from $650.00 to $690.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Finally, Truist Financial reissued a “hold” rating and issued a $623.00 price target (down from $688.00) on shares of Northrop Grumman in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $649.18.

Insiders Place Their Bets

In related news, CEO Kathy J. Warden sold 3,000 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $615.00, for a total value of $1,845,000.00. Following the completion of the transaction, the chief executive officer directly owned 191,602 shares in the company, valued at approximately $117,835,230. The trade was a 1.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Welsh III sold 97 shares of the firm’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 sale, the director owned 4,281 shares in the company, valued at $2,414,826.48. The trade was a 2.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,097 shares of company stock valued at $6,099,716 over the last ninety days. 0.23% of the stock is currently owned by insiders.

Northrop Grumman Stock Performance

NYSE:NOC opened at $629.68 on Tuesday. The stock has a market cap of $89.87 billion, a P/E ratio of 22.65, a PEG ratio of 5.02 and a beta of 0.05. 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 business’s 50-day moving average price is $571.18 and its two-hundred day moving average price is $573.68. Northrop Grumman Corporation has a twelve month low of $426.24 and a twelve month high of $640.90.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share for the quarter, topping the consensus estimate of $6.43 by $1.24. The company had revenue of $10.42 billion for the quarter, compared to analysts’ expectations of $10.68 billion. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. Northrop Grumman’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $7.00 earnings per share. 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 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st were given a dividend of $2.31 per share. The ex-dividend date was Monday, December 1st. This represents a $9.24 annualized dividend and a dividend yield of 1.5%. Northrop Grumman’s dividend payout ratio (DPR) is 33.24%.

Northrop Grumman 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.