SG Americas Securities LLC Sells 62,713 Shares of Northrop Grumman Corporation $NOC

SG Americas Securities LLC decreased its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 96.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,290 shares of the aerospace company’s stock after selling 62,713 shares during the quarter. SG Americas Securities LLC’s holdings in Northrop Grumman were worth $1,395,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Soundwatch Capital LLC bought a new stake in shares of Northrop Grumman during the second quarter valued at approximately $6,457,274,000. Mawer Investment Management Ltd. purchased a new position in Northrop Grumman during the 2nd quarter worth $491,985,000. Franklin Resources Inc. raised its position in Northrop Grumman by 11.8% during the 2nd quarter. Franklin Resources Inc. now owns 2,933,061 shares of the aerospace company’s stock valued at $1,466,472,000 after purchasing an additional 308,680 shares in the last quarter. Laurel Wealth Advisors LLC lifted its holdings in shares of Northrop Grumman by 49,898.2% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 169,494 shares of the aerospace company’s stock worth $84,744,000 after buying an additional 169,155 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Northrop Grumman by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 13,421,645 shares of the aerospace company’s stock worth $6,710,554,000 after buying an additional 155,344 shares in the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. BNP Paribas upgraded Northrop Grumman to a “strong-buy” rating in a report on Tuesday, November 18th. BTIG Research raised their target price on shares of Northrop Grumman from $630.00 to $680.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. UBS Group boosted their price target on shares of Northrop Grumman from $770.00 to $777.00 and gave the company a “buy” rating in a report on Thursday. Truist Financial reiterated a “hold” rating and set a $623.00 price objective (down from $688.00) on shares of Northrop Grumman in a research note on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft set a $700.00 price objective on shares of Northrop Grumman and gave the company a “buy” rating in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Northrop Grumman has an average rating of “Moderate Buy” and a consensus target price of $656.82.

Insider Buying and Selling at Northrop Grumman

In other news, Director Mark A. Welsh III sold 97 shares of the business’s 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kathy J. Warden sold 7,000 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $600.00, for a total transaction of $4,200,000.00. Following the transaction, the chief executive officer owned 194,602 shares in the company, valued at approximately $116,761,200. This trade represents a 3.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 10,097 shares of company stock worth $6,099,716. 0.23% of the stock is owned by company insiders.

Northrop Grumman Stock Up 1.9%

Shares of Northrop Grumman stock opened at $667.02 on Friday. 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 company has a market cap of $95.20 billion, a P/E ratio of 23.99, a PEG ratio of 5.31 and a beta of 0.05. The firm’s 50 day moving average price is $577.39 and its 200-day moving average price is $576.85. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $669.68.

Northrop Grumman (NYSE:NOC) last announced its earnings results 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 company had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same period last year, the firm earned $7.00 earnings per share. Northrop Grumman’s 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. On average, sell-side analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st were given a $2.31 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.4%. Northrop Grumman’s dividend payout ratio (DPR) is presently 33.24%.

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.