Choreo LLC Sells 208 Shares of Northrop Grumman Corporation $NOC

Choreo LLC cut its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 4.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,794 shares of the aerospace company’s stock after selling 208 shares during the period. Choreo LLC’s holdings in Northrop Grumman were worth $2,397,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Northrop Grumman by 1.2% in the second quarter. Vanguard Group Inc. now owns 13,421,645 shares of the aerospace company’s stock worth $6,710,554,000 after acquiring an additional 155,344 shares during the period. Soundwatch Capital LLC bought a new stake in shares of Northrop Grumman in the 2nd quarter valued at about $6,457,274,000. Wellington Management Group LLP lifted its position in shares of Northrop Grumman by 23.4% in the 1st quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company’s stock worth $2,631,390,000 after purchasing an additional 974,633 shares during the period. Geode Capital Management LLC boosted its stake in shares of Northrop Grumman by 0.5% during the second quarter. Geode Capital Management LLC now owns 3,115,519 shares of the aerospace company’s stock valued at $1,554,299,000 after purchasing an additional 14,980 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in Northrop Grumman by 11.8% during the second quarter. Franklin Resources Inc. now owns 2,933,061 shares of the aerospace company’s stock valued at $1,466,472,000 after buying an additional 308,680 shares during the period. Institutional investors own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NOC shares. Deutsche Bank Aktiengesellschaft set a $700.00 target price on Northrop Grumman and gave the stock a “buy” rating in a report on Wednesday, October 8th. Morgan Stanley upped their price objective on Northrop Grumman from $625.00 to $720.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. BNP Paribas upgraded Northrop Grumman to a “strong-buy” rating in a research note on Tuesday, November 18th. BTIG Research boosted their target price on shares of Northrop Grumman from $630.00 to $680.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. increased their price target on shares of Northrop Grumman from $575.00 to $640.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $646.94.

Northrop Grumman Price Performance

Shares of NOC opened at $567.44 on Friday. The business’s 50-day moving average is $588.31 and its two-hundred day moving average is $552.59. The company has a market capitalization of $80.99 billion, a P/E ratio of 20.41, a P/E/G ratio of 5.07 and a beta of 0.07. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $640.90. 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 (NYSE:NOC) last issued its 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 firm 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% compared to the same quarter last year. During the same quarter 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. Research analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st will be paid a dividend of $2.31 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.6%. Northrop Grumman’s dividend payout ratio (DPR) is presently 33.24%.

Insider Buying and Selling at Northrop Grumman

In related news, Director Mark A. Welsh III sold 97 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $564.08, for a total value of $54,715.76. Following the completion of the transaction, the director directly owned 4,281 shares in the company, valued at $2,414,826.48. The trade was a 2.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.23% of the stock is currently owned by company insiders.

Northrop Grumman Company 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.