Exchange Traded Concepts LLC Purchases 1,533 Shares of Northrop Grumman Corporation $NOC

Exchange Traded Concepts LLC boosted its position in Northrop Grumman Corporation (NYSE:NOC) by 78.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,487 shares of the aerospace company’s stock after acquiring an additional 1,533 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Northrop Grumman were worth $2,125,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First United Bank & Trust increased its holdings in shares of Northrop Grumman by 641.0% during the second quarter. First United Bank & Trust now owns 778 shares of the aerospace company’s stock worth $389,000 after buying an additional 673 shares in the last quarter. Jones Financial Companies Lllp grew its position in Northrop Grumman by 1,989.8% during the 1st quarter. Jones Financial Companies Lllp now owns 125,867 shares of the aerospace company’s stock worth $64,445,000 after acquiring an additional 119,844 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its position in Northrop Grumman by 29.4% during the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 1,848 shares of the aerospace company’s stock worth $924,000 after acquiring an additional 420 shares during the last quarter. Mawer Investment Management Ltd. acquired a new position in Northrop Grumman in the 2nd quarter worth about $491,985,000. Finally, Oak Thistle LLC bought a new position in Northrop Grumman in the third quarter valued at about $1,015,000. 83.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Mark A. Welsh III sold 97 shares of the business’s stock in a transaction that occurred 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 sale, the director owned 4,281 shares in the company, valued at $2,414,826.48. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.23% of the company’s stock.

Northrop Grumman Trading Up 0.3%

NYSE:NOC opened at $582.00 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $83.06 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 5.01 and a beta of 0.05. The firm has a fifty day simple moving average of $571.63 and a two-hundred day simple moving average of $564.61. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $640.90.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data 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. The firm had revenue of $10.42 billion for the quarter, compared to analyst estimates of $10.68 billion. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The business’s quarterly 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. Analysts expect that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

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

Wall Street Analysts Forecast Growth

NOC has been the topic of several research reports. UBS Group boosted their price target on Northrop Grumman to $770.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Citigroup assumed coverage on shares of Northrop Grumman in a report on Thursday, December 11th. They set a “buy” rating and a $654.00 price target on the stock. Wall Street Zen upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Deutsche Bank Aktiengesellschaft set a $700.00 target price on Northrop Grumman and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lifted their target price on Northrop Grumman from $575.00 to $640.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $651.18.

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.