ABC Arbitrage SA Invests $1.10 Million in Northrop Grumman Corporation $NOC

ABC Arbitrage SA bought a new stake in Northrop Grumman Corporation (NYSE:NOC) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,195 shares of the aerospace company’s stock, valued at approximately $1,097,000.

Other large investors have also recently added to or reduced their stakes in the company. Wealth Alliance LLC grew its holdings in Northrop Grumman by 3.0% in the 2nd quarter. Wealth Alliance LLC now owns 2,157 shares of the aerospace company’s stock valued at $1,078,000 after buying an additional 63 shares during the period. Wealth Quarterback LLC boosted its position in shares of Northrop Grumman by 1.8% in the second quarter. Wealth Quarterback LLC now owns 2,196 shares of the aerospace company’s stock worth $1,098,000 after acquiring an additional 39 shares during the last quarter. National Pension Service grew its holdings in Northrop Grumman by 15.1% in the second quarter. National Pension Service now owns 376,673 shares of the aerospace company’s stock valued at $188,329,000 after purchasing an additional 49,366 shares during the period. Mawer Investment Management Ltd. acquired a new position in Northrop Grumman during the second quarter worth approximately $491,985,000. Finally, Nwam LLC raised its stake in Northrop Grumman by 12.3% during the second quarter. Nwam LLC now owns 1,160 shares of the aerospace company’s stock worth $580,000 after purchasing an additional 127 shares during the period. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NOC shares. Deutsche Bank Aktiengesellschaft set a $700.00 price objective on Northrop Grumman and gave the stock a “buy” rating in a report on Wednesday, October 8th. Barclays boosted their price target on Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. UBS Group upped their price target on Northrop Grumman to $770.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Northrop Grumman in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Northrop Grumman has a consensus rating of “Moderate Buy” and an average target price of $642.73.

Northrop Grumman Price Performance

Shares of NYSE NOC opened at $558.63 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 0.98. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $640.90. The company has a market capitalization of $79.73 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 5.07 and a beta of 0.07. The business has a 50-day moving average of $591.09 and a 200-day moving average of $547.02.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, beating the consensus estimate of $6.43 by $1.24. The business had revenue of $10.42 billion for 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% on a year-over-year basis. During the same period last year, the business posted $7.00 EPS. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, equities analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were given a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman’s payout ratio is presently 33.24%.

About Northrop Grumman

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.