Ameriprise Financial Inc. Sells 22,356 Shares of Northrop Grumman Corporation $NOC

Ameriprise Financial Inc. reduced its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,619,814 shares of the aerospace company’s stock after selling 22,356 shares during the period. Ameriprise Financial Inc. owned 1.13% of Northrop Grumman worth $809,922,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Parvin Asset Management LLC bought a new stake in Northrop Grumman in the second quarter worth approximately $25,000. Saudi Central Bank bought a new position in shares of Northrop Grumman during the 1st quarter worth approximately $28,000. NewSquare Capital LLC grew its position in shares of Northrop Grumman by 75.0% during the 2nd quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after buying an additional 27 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Northrop Grumman in the 2nd quarter valued at $31,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of Northrop Grumman in the 1st quarter valued at $36,000. 83.40% of the stock is owned by institutional investors.

Insider Activity

In other Northrop Grumman news, Director Mark A. Welsh III sold 97 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $564.08, for a total transaction of $54,715.76. Following the completion of the transaction, the director directly owned 4,281 shares of the company’s stock, valued at approximately $2,414,826.48. This represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on NOC shares. BTIG Research increased their target price on shares of Northrop Grumman from $630.00 to $680.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. UBS Group upped their price objective on shares of Northrop Grumman to $770.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. BNP Paribas Exane started coverage on Northrop Grumman in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $710.00 target price for the company. Morgan Stanley boosted their target price on Northrop Grumman from $625.00 to $720.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Finally, Sanford C. Bernstein set a $696.00 price objective on Northrop Grumman in a research note on Thursday, October 23rd. Two equities research 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. According to data from MarketBeat, Northrop Grumman has a consensus rating of “Moderate Buy” and a consensus target price of $650.88.

Northrop Grumman Stock Performance

NYSE NOC opened at $569.50 on Friday. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $640.90. 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 has a fifty day moving average price of $580.16 and a 200-day moving average price of $558.99. The firm has a market cap of $81.28 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 4.88 and a beta of 0.05.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, topping the consensus estimate of $6.43 by $1.24. The firm 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%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $7.00 EPS. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, equities research 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 will be paid on Wednesday, December 17th. Shareholders of record on Monday, December 1st will be given a $2.31 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $9.24 annualized dividend and a yield of 1.6%. Northrop Grumman’s payout ratio is currently 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.