Associated Banc Corp Sells 818 Shares of Northrop Grumman Corporation $NOC

Associated Banc Corp reduced its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 2.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 39,700 shares of the aerospace company’s stock after selling 818 shares during the period. Associated Banc Corp’s holdings in Northrop Grumman were worth $19,849,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. First United Bank & Trust boosted its position in Northrop Grumman by 641.0% in the 2nd quarter. First United Bank & Trust now owns 778 shares of the aerospace company’s stock valued at $389,000 after buying an additional 673 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Northrop Grumman by 12.2% during the first quarter. Goldman Sachs Group Inc. now owns 792,707 shares of the aerospace company’s stock worth $405,874,000 after acquiring an additional 86,215 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Northrop Grumman by 1,989.8% during the first quarter. Jones Financial Companies Lllp now owns 125,867 shares of the aerospace company’s stock valued at $64,445,000 after acquiring an additional 119,844 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in shares of Northrop Grumman by 29.4% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 1,848 shares of the aerospace company’s stock valued at $924,000 after purchasing an additional 420 shares during the period. Finally, Ally Financial Inc. grew its stake in Northrop Grumman by 50.0% in the first quarter. Ally Financial Inc. now owns 3,000 shares of the aerospace company’s stock worth $1,536,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Price Performance

Shares of NOC opened at $565.75 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 0.98. The company’s fifty day moving average price is $588.83 and its 200-day moving average price is $551.77. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $640.90. The firm has a market capitalization of $80.74 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 5.07 and a beta of 0.07.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, topping analysts’ consensus estimates of $6.43 by $1.24. The company had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.68 billion. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $7.00 EPS. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, equities research analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have weighed in on NOC. BNP Paribas Exane assumed coverage on Northrop Grumman in a research report on Tuesday, November 18th. They set an “outperform” rating and a $710.00 target price for the company. 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. Barclays upped their price objective on shares of Northrop Grumman from $500.00 to $580.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. BNP Paribas raised shares of Northrop Grumman to a “strong-buy” rating in a research report on Tuesday, November 18th. Finally, Sanford C. Bernstein set a $696.00 price target on shares of Northrop Grumman in a report on Thursday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $646.94.

Northrop Grumman Profile

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.