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Benjamin R. Davies, Corporate Vice President and President of Defense Systems at Northrop Grumman Corp (NYSE:NOC), recently sold 464 shares of the company’s common stock. The transaction, which took place on February 28, 2025, was conducted at a price of $460.75 per share, totaling $213,788. Northrop Grumman, with a market capitalization of $68.3 billion and currently trading at $473.41, has demonstrated strong financial performance with a healthy 20.4% gross profit margin and revenue of $41 billion in the last twelve months.
The sale was executed under a Rule 10b5-1 trading plan that Davies adopted on August 6, 2024. Following this transaction, Davies holds approximately 244.72 shares directly and a small fraction indirectly through the Northrop Grumman Savings Plan. According to InvestingPro, the company has maintained dividend payments for 55 consecutive years and management has been actively buying back shares, indicating strong shareholder returns despite individual insider transactions. For detailed analysis and additional insights, investors can access the comprehensive Pro Research Report available on InvestingPro, covering this prominent aerospace & defense industry player.
In other recent news, Northrop Grumman Corporation has announced a quarterly dividend of $2.06 per share, payable on March 19, 2025, to shareholders of record as of March 3, 2025. This decision reflects the company’s ongoing commitment to delivering shareholder value and underscores its financial stability. Additionally, Northrop Grumman has entered a Memorandum of Understanding with Hanwha Systems for collaboration on South Korea’s Mine Countermeasures Helicopter program, further expanding its defense project engagements. The company has also recognized over 50 suppliers for their contributions to its manufacturing and supply chain operations with the annual Supplier Excellence Awards. In a strategic move, Northrop Grumman has updated its executive compensation structure, focusing on financial metrics such as cash flow and operating income growth, while also amending its Severance Plan for executive officers. Meanwhile, a report of planned Pentagon budget cuts has raised concerns about future revenue streams for defense contractors, including Northrop Grumman. Despite these potential challenges, Northrop Grumman’s diverse portfolio and long-term contracts may help mitigate immediate impacts.
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