Greenleaf Trust Has $1.50 Million Stake in Northrop Grumman Corporation $NOC

Greenleaf Trust lowered its position in Northrop Grumman Corporation (NYSE:NOC) by 9.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,009 shares of the aerospace company’s stock after selling 301 shares during the period. Greenleaf Trust’s holdings in Northrop Grumman were worth $1,504,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of NOC. IMA Advisory Services Inc. acquired a new position in Northrop Grumman in the first quarter valued at $27,000. Saudi Central Bank acquired a new position in shares of Northrop Grumman in the 1st quarter valued at about $28,000. Banque Cantonale Vaudoise acquired a new position in shares of Northrop Grumman in the 1st quarter valued at about $30,000. Flaharty Asset Management LLC acquired a new position in shares of Northrop Grumman in the 1st quarter valued at about $36,000. Finally, Hollencrest Capital Management lifted its stake in Northrop Grumman by 790.0% in the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock valued at $45,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NOC. Wells Fargo & Company reissued an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. Robert W. Baird boosted their target price on shares of Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Barclays boosted their target price on shares of Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Northrop Grumman in a report on Monday, July 14th. Finally, Truist Financial reiterated a “buy” rating and set a $625.00 price objective (up previously from $550.00) on shares of Northrop Grumman in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Northrop Grumman has a consensus rating of “Moderate Buy” and a consensus price target of $588.85.

Northrop Grumman Trading Down 0.6%

NOC opened at $605.72 on Thursday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $610.85. The firm has a market capitalization of $86.73 billion, a PE ratio of 22.33, a P/E/G ratio of 5.83 and a beta of 0.10. The company’s 50-day moving average is $583.57 and its 200 day moving average is $527.45.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share for the quarter, topping analysts’ consensus estimates of $6.84 by $0.27. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.15 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. As a group, research analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were given a $2.31 dividend. This represents a $9.24 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio is presently 34.06%.

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.