Mitsubishi UFJ Trust & Banking Corp Lowers Position in Northrop Grumman Corporation $NOC

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,932 shares of the aerospace company’s stock after selling 5,564 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.07% of Northrop Grumman worth $47,464,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. IMA Advisory Services Inc. purchased a new position in Northrop Grumman during the first quarter worth about $27,000. Saudi Central Bank bought a new position in shares of Northrop Grumman during the 1st quarter worth approximately $28,000. Banque Cantonale Vaudoise bought a new position in shares of Northrop Grumman during the 1st quarter worth approximately $30,000. NewSquare Capital LLC boosted its stake in shares of Northrop Grumman by 75.0% in 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 last quarter. Finally, Flaharty Asset Management LLC bought a new position in shares of Northrop Grumman in the first quarter valued at approximately $36,000. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Stock Down 1.4%

NOC opened at $558.63 on Thursday. The firm has a market capitalization of $79.73 billion, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 5.07 and a beta of 0.07. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $640.90. The company has a fifty day moving average price of $591.09 and a 200-day moving average price of $547.02. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 0.98.

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. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The business had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same period in the previous year, the business earned $7.00 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Equities research analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman’s payout ratio is currently 33.24%.

Analyst Upgrades and Downgrades

NOC has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Northrop Grumman in a research report on Tuesday, October 14th. Bank of America increased their target price on shares of Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada boosted their price target on shares of Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Robert W. Baird raised their price objective on shares of Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Finally, Barclays lifted their price objective on shares of Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $642.73.

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.