Tema Etfs LLC Buys New Position in Northrop Grumman Corporation $NOC

Tema Etfs LLC purchased a new position in shares of Northrop Grumman Corporation (NYSE:NOC) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,220 shares of the aerospace company’s stock, valued at approximately $1,353,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NOC. Soundwatch Capital LLC acquired a new stake in Northrop Grumman in the 2nd quarter valued at $6,457,274,000. Mawer Investment Management Ltd. bought a new position in shares of Northrop Grumman in the 2nd quarter valued at about $491,985,000. Franklin Resources Inc. increased its position in Northrop Grumman by 11.8% during 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 during the last quarter. Laurel Wealth Advisors LLC increased its holdings in shares of Northrop Grumman by 49,898.2% in the second quarter. Laurel Wealth Advisors LLC now owns 169,494 shares of the aerospace company’s stock valued at $84,744,000 after purchasing an additional 169,155 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Northrop Grumman by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 13,421,645 shares of the aerospace company’s stock valued at $6,710,554,000 after buying an additional 155,344 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on NOC. Morgan Stanley reiterated an “overweight” rating and set a $714.00 price objective on shares of Northrop Grumman in a research report on Tuesday, December 16th. Weiss Ratings restated a “buy (b)” rating on shares of Northrop Grumman in a research report on Wednesday, December 24th. JPMorgan Chase & Co. upped their target price on Northrop Grumman from $575.00 to $640.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Truist Financial reiterated a “hold” rating and issued a $623.00 price target (down previously from $688.00) on shares of Northrop Grumman in a research note on Friday. Finally, BTIG Research boosted their target price on Northrop Grumman from $630.00 to $680.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $649.18.

Insider Buying and Selling

In other Northrop Grumman news, Director Mark A. Welsh III sold 97 shares of Northrop Grumman stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $564.08, for a total transaction of $54,715.76. Following the completion of the transaction, the director owned 4,281 shares of the company’s stock, valued at $2,414,826.48. The trade was a 2.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Kathy J. Warden sold 7,000 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $600.00, for a total transaction of $4,200,000.00. Following the completion of the transaction, the chief executive officer directly owned 194,602 shares in the company, valued at approximately $116,761,200. The trade was a 3.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 10,097 shares of company stock valued at $6,099,716 over the last quarter. 0.23% of the stock is owned by company insiders.

Northrop Grumman Stock Performance

Shares of NOC stock opened at $629.68 on Tuesday. The firm has a 50-day moving average of $571.18 and a 200-day moving average of $573.68. 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 Corporation has a one year low of $426.24 and a one year high of $640.90. The company has a market cap of $89.87 billion, a P/E ratio of 22.65, a P/E/G ratio of 5.02 and a beta of 0.05.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share for the quarter, beating the consensus estimate of $6.43 by $1.24. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The company had revenue of $10.42 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the prior year, the business earned $7.00 earnings per share. The firm’s revenue for the quarter 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 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, December 17th. Investors of record on Monday, December 1st were paid a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, December 1st. Northrop Grumman’s dividend payout ratio is presently 33.24%.

Northrop Grumman Company Profile

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.