Securian Asset Management Inc. Sells 103 Shares of Northrop Grumman Corporation $NOC

Securian Asset Management Inc. reduced its holdings in Northrop Grumman Corporation (NYSE:NOC) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,123 shares of the aerospace company’s stock after selling 103 shares during the quarter. Securian Asset Management Inc.’s holdings in Northrop Grumman were worth $3,561,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NOC. IMA Advisory Services Inc. purchased a new stake in Northrop Grumman in the first quarter worth $27,000. Saudi Central Bank purchased a new position in Northrop Grumman during the first quarter valued at $28,000. Banque Cantonale Vaudoise purchased a new position in Northrop Grumman during the first quarter valued at $30,000. Flaharty Asset Management LLC purchased a new position in Northrop Grumman during the first quarter valued at $36,000. Finally, Hollencrest Capital Management lifted its position in Northrop Grumman by 790.0% during the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock valued at $45,000 after buying an additional 79 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Trading Down 0.4%

NYSE NOC opened at $599.45 on Wednesday. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $640.90. The stock has a market cap of $85.83 billion, a P/E ratio of 22.10, a P/E/G ratio of 5.85 and a beta of 0.10. The stock’s fifty day moving average price is $593.28 and its 200-day moving average price is $538.58. 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 (NYSE:NOC) last released its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, topping analysts’ consensus estimates of $6.43 by $1.24. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The firm had revenue of $10.42 billion for the quarter, compared to analysts’ expectations of $10.68 billion. During the same period in the prior year, the firm posted $7.00 earnings per share. The company’s quarterly 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. As a group, equities analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were paid a $2.31 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $9.24 annualized dividend and a dividend yield of 1.5%. Northrop Grumman’s payout ratio is currently 34.06%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NOC shares. Wells Fargo & Company reissued an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Truist Financial raised their price objective on Northrop Grumman from $625.00 to $688.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Bank of America raised their price objective on Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Sanford C. Bernstein raised their price objective on Northrop Grumman from $630.00 to $674.00 and gave the company a “market perform” rating in a research report on Monday. Finally, Morgan Stanley boosted their target price on Northrop Grumman from $625.00 to $720.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Northrop Grumman presently has an average rating of “Moderate Buy” and an average target price of $617.50.

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.