Members Trust Co Increases Stock Holdings in Northrop Grumman Corporation $NOC

Members Trust Co raised its stake in Northrop Grumman Corporation (NYSE:NOC) by 139.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 957 shares of the aerospace company’s stock after purchasing an additional 557 shares during the quarter. Members Trust Co’s holdings in Northrop Grumman were worth $478,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. IMA Advisory Services Inc. purchased a new position in shares of Northrop Grumman in the 1st quarter valued at approximately $27,000. Saudi Central Bank purchased a new position in shares of Northrop Grumman in the 1st quarter valued at approximately $28,000. Banque Cantonale Vaudoise acquired a new stake in shares of Northrop Grumman in the 1st quarter valued at approximately $30,000. Flaharty Asset Management LLC acquired a new stake in shares of Northrop Grumman in the 1st quarter valued at approximately $36,000. Finally, Hollencrest Capital Management lifted its holdings in shares of Northrop Grumman by 790.0% in the 1st 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. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NOC has been the subject of several recent analyst reports. Truist Financial raised their price target on Northrop Grumman from $625.00 to $688.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft set a $700.00 price target on Northrop Grumman and gave the company a “buy” rating in a report on Wednesday, October 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Northrop Grumman in a report on Tuesday, October 14th. Robert W. Baird raised their price target on Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada raised their price target on Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Northrop Grumman currently has a consensus rating of “Moderate Buy” and a consensus target price of $617.50.

Northrop Grumman Stock Down 0.4%

NOC opened at $599.45 on Wednesday. The business’s fifty day moving average is $593.28 and its two-hundred day moving average is $538.58. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The company has a market cap of $85.83 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 5.85 and a beta of 0.10. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $640.90.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 25.52% and a net margin of 9.74%.Northrop Grumman’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $7.00 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

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

Northrop Grumman 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.