Dorsey & Whitney Trust CO LLC Lowers Stock Position in Northrop Grumman Corporation $NOC

Dorsey & Whitney Trust CO LLC reduced its position in Northrop Grumman Corporation (NYSE:NOC) by 12.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,260 shares of the aerospace company’s stock after selling 185 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Northrop Grumman were worth $630,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in NOC. Vanguard Group Inc. raised its holdings in shares of Northrop Grumman by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 13,266,301 shares of the aerospace company’s stock worth $6,792,479,000 after purchasing an additional 588,520 shares during the period. Wellington Management Group LLP increased its position in Northrop Grumman by 23.4% during the 1st quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company’s stock worth $2,631,390,000 after purchasing an additional 974,633 shares in the last quarter. Geode Capital Management LLC raised its holdings in Northrop Grumman by 0.5% in the second quarter. Geode Capital Management LLC now owns 3,115,519 shares of the aerospace company’s stock valued at $1,554,299,000 after buying an additional 14,980 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Northrop Grumman by 10.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,241,144 shares of the aerospace company’s stock valued at $1,147,489,000 after buying an additional 210,500 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Northrop Grumman by 12.1% during the first quarter. Invesco Ltd. now owns 1,944,186 shares of the aerospace company’s stock worth $995,443,000 after buying an additional 210,506 shares during the period. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NOC shares. BTIG Research raised their target price on shares of Northrop Grumman from $630.00 to $680.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Barclays boosted their price objective on Northrop Grumman from $500.00 to $580.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Northrop Grumman in a research note on Tuesday, October 14th. Truist Financial raised their target price on Northrop Grumman from $625.00 to $688.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Finally, Morgan Stanley upped their price target on Northrop Grumman from $625.00 to $720.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $646.94.

Northrop Grumman Stock Up 0.7%

Shares of NYSE NOC opened at $566.77 on Wednesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 1.11. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $640.90. The stock’s 50-day simple moving average is $589.74 and its 200-day simple moving average is $549.56. The firm has a market cap of $80.89 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 5.07 and a beta of 0.07.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates of $6.43 by $1.24. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The firm had revenue of $10.42 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same quarter last year, the firm earned $7.00 EPS. Northrop Grumman’s quarterly revenue was up 4.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, equities analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

About Northrop Grumman

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.