Soros Fund Management LLC Sells 7,925 Shares of Northrop Grumman Corporation $NOC

by · The Cerbat Gem

Soros Fund Management LLC decreased its holdings in shares of Northrop Grumman Corporation (NYSE:NOC – Free Report) by 22.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,000 shares of the aerospace company’s stock after selling 7,925 shares during the period. Soros Fund Management LLC’s holdings in Northrop Grumman were worth $13,999,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Northrop Grumman by 1.2% in the second quarter. Vanguard Group Inc. now owns 13,421,645 shares of the aerospace company’s stock valued at $6,710,554,000 after acquiring an additional 155,344 shares in the last quarter. Soundwatch Capital LLC purchased a new stake in shares of Northrop Grumman in the 2nd quarter worth about $6,457,274,000. Wellington Management Group LLP boosted its stake in shares of Northrop Grumman by 23.4% during 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 purchasing an additional 974,633 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Northrop Grumman by 0.5% during the second quarter. Geode Capital Management LLC now owns 3,115,519 shares of the aerospace company’s stock valued at $1,554,299,000 after buying an additional 14,980 shares during the period. Finally, Franklin Resources Inc. raised its stake in Northrop Grumman by 11.8% in the second quarter. Franklin Resources Inc. now owns 2,933,061 shares of the aerospace company’s stock worth $1,466,472,000 after buying an additional 308,680 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Susquehanna lifted their price objective on Northrop Grumman from $650.00 to $690.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. BNP Paribas upgraded Northrop Grumman to a “strong-buy” rating in a research report on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft set a $700.00 price objective on Northrop Grumman and gave the stock a “buy” rating in a report on Wednesday, October 8th. BNP Paribas Exane assumed coverage on shares of Northrop Grumman in a report on Tuesday, November 18th. They set an “outperform” rating and a $710.00 target price on the stock. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Northrop Grumman in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $646.94.

Check Out Our Latest Report on NOC

Northrop Grumman Price Performance

Shares of NYSE:NOC opened at $560.09 on Friday. The business has a fifty day moving average price of $580.97 and a 200-day moving average price of $558.31. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 0.98. The company has a market capitalization of $79.94 billion, a PE ratio of 20.15, a PEG ratio of 4.87 and a beta of 0.05. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $640.90.

Northrop Grumman (NYSE:NOC – Get Free Report) last announced its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, beating the consensus estimate of $6.43 by $1.24. The company had revenue of $10.42 billion for the quarter, compared to the consensus estimate of $10.68 billion. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. Northrop Grumman’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm posted $7.00 EPS. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, equities analysts expect that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Monday, December 1st will be issued a $2.31 dividend. This represents a $9.24 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, December 1st. Northrop Grumman’s payout ratio is presently 33.24%.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, Director Mark A. Welsh III sold 97 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $564.08, for a total transaction of $54,715.76. Following the sale, the director directly owned 4,281 shares in the company, valued at approximately $2,414,826.48. This trade represents a 2.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.23% of the company’s stock.

Northrop Grumman Profile

(Free Report)

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.

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