EntryPoint Capital LLC Has $262,000 Stock Position in Northrop Grumman Corporation $NOC

EntryPoint Capital LLC reduced its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 17.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 511 shares of the aerospace company’s stock after selling 109 shares during the quarter. EntryPoint Capital LLC’s holdings in Northrop Grumman were worth $262,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Credit Agricole S A increased its holdings in shares of Northrop Grumman by 3.8% during the 1st quarter. Credit Agricole S A now owns 35,442 shares of the aerospace company’s stock worth $18,147,000 after purchasing an additional 1,286 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Northrop Grumman by 10.9% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 19,743 shares of the aerospace company’s stock valued at $10,124,000 after acquiring an additional 1,933 shares during the period. Texas Capital Bank Wealth Management Services Inc acquired a new position in Northrop Grumman in the 1st quarter valued at approximately $292,000. Wellington Management Group LLP raised its holdings in 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 valued at $2,631,390,000 after acquiring an additional 974,633 shares in the last quarter. Finally, Qtron Investments LLC lifted its position in shares of Northrop Grumman by 149.8% in the 1st quarter. Qtron Investments LLC now owns 2,483 shares of the aerospace company’s stock worth $1,271,000 after acquiring an additional 1,489 shares during the period. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Northrop Grumman

In other Northrop Grumman news, VP Roshan S. Roeder sold 991 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $490.00, for a total transaction of $485,590.00. Following the sale, the vice president owned 319 shares of the company’s stock, valued at $156,310. This represents a 75.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas H. Jones sold 729 shares of the firm’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $505.77, for a total transaction of $368,706.33. Following the completion of the sale, the vice president owned 7,552 shares of the company’s stock, valued at $3,819,575.04. The trade was a 8.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,536 shares of company stock worth $8,306,857 in the last 90 days. Corporate insiders own 0.23% of the company’s stock.

Northrop Grumman Stock Performance

NYSE NOC opened at $591.9790 on Friday. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $600.99. The company has a 50 day moving average of $541.47 and a 200-day moving average of $504.45. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The firm has a market cap of $84.76 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 5.72 and a beta of 0.15.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share for the quarter, beating analysts’ consensus estimates of $6.84 by $0.27. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The firm had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $10.15 billion. During the same period last year, the firm posted $6.36 EPS. The business’s revenue was up 1.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, equities analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd will be issued a $2.31 dividend. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Northrop Grumman’s payout ratio is currently 34.06%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NOC. Susquehanna upped their target price on Northrop Grumman from $557.00 to $650.00 and gave the company a “positive” rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. increased their price objective on shares of Northrop Grumman from $480.00 to $585.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $542.00 target price (down from $580.00) on shares of Northrop Grumman in a research report on Tuesday, July 8th. Robert W. Baird increased their price target on shares of Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Northrop Grumman in a research note on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Northrop Grumman has a consensus rating of “Moderate Buy” and an average price target of $586.79.

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.