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Kathryn G. Simpson, Corporate Vice President and General Counsel at Northrop Grumman Corp (NYSE:NOC), recently executed a significant stock transaction. On February 18, 2025, Simpson sold 889 shares of Northrop Grumman common stock at an average price of $445.35 per share, totaling approximately $395,916. This transaction was part of a pre-arranged trading plan under Rule 10b5-1, which was adopted by Simpson on March 5, 2024. The sale comes as the stock trades near its 52-week low of $418.60, with InvestingPro analysis indicating the stock is currently undervalued.
In addition to the sale, Simpson engaged in several other transactions on the same day. She exercised options to acquire 1,096.75 shares and 468 shares of common stock, both at no cost. Furthermore, she disposed of 529 shares to cover tax obligations at a price of $441.36 each, amounting to $233,479. The company maintains strong fundamentals with a P/E ratio of 15.32x and has consistently raised its dividend for 21 consecutive years, currently yielding 1.9%.
These transactions reflect Simpson’s ongoing management of her equity holdings in Northrop Grumman, a prominent player in the aerospace and defense industry with a market capitalization of $63.45 billion. InvestingPro subscribers have access to 12 additional exclusive insights about NOC’s valuation and growth prospects, along with comprehensive financial health analysis.
In other recent news, Northrop Grumman Corporation 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 shareholder value and underscores its financial stability. Additionally, Northrop Grumman has entered into a Memorandum of Understanding with South Korea’s Hanwha Systems to collaborate on the Republic of Korea’s Mine Countermeasures Helicopter program. This partnership involves Hanwha supplying hardware components for the Airborne Laser Mine Detection System, furthering Northrop Grumman’s role in the program.
In corporate governance updates, Northrop Grumman disclosed changes to its executive compensation plan, focusing on financial metrics like cash flow and operating income growth. The company also announced the departure of board member Graham Robinson, who will not seek re-election at the 2025 Annual Meeting of Shareholders. Meanwhile, concerns have arisen following a report about planned defense budget cuts by the Pentagon, which could affect Northrop Grumman and other defense contractors. Investors are closely monitoring these developments for potential impacts on future revenue streams.
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