Venture Visionary Partners LLC Cuts Holdings in Northrop Grumman Corporation $NOC

Venture Visionary Partners LLC trimmed its position in Northrop Grumman Corporation (NYSE:NOC) by 4.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,956 shares of the aerospace company’s stock after selling 97 shares during the quarter. Venture Visionary Partners LLC’s holdings in Northrop Grumman were worth $1,001,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Redhawk Wealth Advisors Inc. increased its holdings in shares of Northrop Grumman by 3.0% in the first quarter. Redhawk Wealth Advisors Inc. now owns 644 shares of the aerospace company’s stock worth $330,000 after purchasing an additional 19 shares during the last quarter. Salvus Wealth Management LLC increased its holdings in shares of Northrop Grumman by 1.5% in the first quarter. Salvus Wealth Management LLC now owns 1,349 shares of the aerospace company’s stock worth $691,000 after purchasing an additional 20 shares during the last quarter. IAG Wealth Partners LLC increased its holdings in shares of Northrop Grumman by 8.4% in the first quarter. IAG Wealth Partners LLC now owns 271 shares of the aerospace company’s stock worth $139,000 after purchasing an additional 21 shares during the last quarter. Integrated Investment Consultants LLC increased its holdings in shares of Northrop Grumman by 3.9% in the first quarter. Integrated Investment Consultants LLC now owns 553 shares of the aerospace company’s stock worth $283,000 after purchasing an additional 21 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG increased its holdings in shares of Northrop Grumman by 2.2% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,006 shares of the aerospace company’s stock worth $472,000 after purchasing an additional 22 shares during the last quarter. 83.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada lifted their target price on Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Bank of America lifted their target price on Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price target on shares of Northrop Grumman from $480.00 to $585.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. UBS Group lowered their price target on shares of Northrop Grumman from $583.00 to $571.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Finally, Truist Financial reaffirmed a “buy” rating and issued a $625.00 price target (up previously from $550.00) on shares of Northrop Grumman in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $586.79.

Insider Activity

In other Northrop Grumman news, VP Robert J. Fleming sold 3,500 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 value of $1,770,195.00. Following the completion of the sale, the vice president owned 1,827 shares of the company’s stock, valued at $924,041.79. This trade represents a 65.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Roshan S. Roeder sold 991 shares of the firm’s stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $490.00, for a total transaction of $485,590.00. Following the completion of the sale, the vice president directly owned 319 shares of the company’s stock, valued at approximately $156,310. The trade was a 75.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,536 shares of company stock worth $8,306,857 in the last ninety days. 0.23% of the stock is currently owned by company insiders.

Northrop Grumman Stock Up 1.1%

Shares of NYSE:NOC opened at $592.7550 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $595.32. The company has a 50-day moving average price of $537.97 and a 200 day moving average price of $502.95. The company has a market cap of $84.87 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 5.61 and a beta of 0.15.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.84 by $0.27. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.15 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $6.36 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. As a group, equities research analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd will be paid a $2.31 dividend. This represents a $9.24 annualized dividend and a yield of 1.6%. Northrop Grumman’s payout ratio is currently 34.06%.

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.