Teza Capital Management LLC Reduces Stock Position in Northrop Grumman Corporation $NOC

Teza Capital Management LLC lowered its holdings in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 32.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,534 shares of the aerospace company's stock after selling 746 shares during the period. Teza Capital Management LLC's holdings in Northrop Grumman were worth $785,000 as of its most recent SEC filing.

• 5 Stocks to Buy in August With Tremendous Upside Potential

Several other institutional investors also recently made changes to their positions in NOC. IMA Advisory Services Inc. acquired a new stake in shares of Northrop Grumman in the first quarter worth $27,000. Saudi Central Bank acquired a new stake in shares of Northrop Grumman during the first quarter worth $28,000. Banque Cantonale Vaudoise acquired a new position in Northrop Grumman in the first quarter valued at approximately $30,000. Wood Tarver Financial Group LLC acquired a new stake in Northrop Grumman in the fourth quarter worth $32,000. Finally, Hollencrest Capital Management grew its position in Northrop Grumman by 790.0% in the 1st quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company's stock worth $45,000 after purchasing an additional 79 shares during the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NOC has been the topic of several research analyst reports. Barclays lifted their price target on Northrop Grumman from $500.00 to $580.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. Bank of America increased their price target on shares of Northrop Grumman from $550.00 to $650.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company reissued an "overweight" rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Truist Financial reaffirmed a "buy" rating and issued a $625.00 target price (up previously from $550.00) on shares of Northrop Grumman in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada raised their target price on Northrop Grumman from $600.00 to $625.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $588.85.

• Could Baker Hughes Be an Unlikely Winner in Drone Defense Boom?

Read Our Latest Stock Analysis on Northrop Grumman

Northrop Grumman Stock Performance

Shares of Northrop Grumman stock opened at $580.56 on Friday. The company has a market capitalization of $83.12 billion, a PE ratio of 21.40, a PEG ratio of 5.56 and a beta of 0.13. 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 stock's fifty day simple moving average is $559.81 and its 200 day simple moving average is $513.73. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $600.99.

• Defense Sector Q2 Recap: Lockheed, RTX, Northrop Grumman

Northrop Grumman (NYSE:NOC - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) 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 business had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same quarter last year, the firm earned $6.36 EPS. Northrop Grumman's revenue for the quarter was up 1.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, research analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Northrop Grumman's payout ratio is 34.06%.

Insider Activity at Northrop Grumman

In other Northrop Grumman news, CEO Kathy J. Warden sold 7,500 shares of the company's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $505.77, for a total value of $3,793,275.00. Following the transaction, the chief executive officer directly owned 201,602 shares of the company's stock, valued at $101,964,243.54. This represents a 3.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Thomas H. Jones sold 729 shares of Northrop Grumman stock in a transaction that occurred on 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 approximately $3,819,575.04. The trade was a 8.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,512 shares of company stock worth $7,805,146. Insiders own 0.23% of the company's stock.

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.

Featured Stories

• Five stocks we like better than Northrop Grumman
• 5 discounted opportunities for dividend growth investors
• Spire Global: Tiny Satellites, Big Buy Ratings and Upside
• How is Compound Interest Calculated?
• Energy Fuels: Is This America's Most Strategic Stock?
• Comparing and Trading High PE Ratio Stocks
• Silver and Gold Break Out—3 Names to Ride The Wave

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Northrop Grumman Right Now?

Before you consider Northrop Grumman, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Northrop Grumman wasn't on the list.

While Northrop Grumman currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here