Northrop Grumman Corporation $NOC Shares Sold by First National Trust Co

First National Trust Co lessened its holdings in Northrop Grumman Corporation (NYSE:NOC) by 5.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,618 shares of the aerospace company’s stock after selling 210 shares during the quarter. First National Trust Co’s holdings in Northrop Grumman were worth $1,809,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NOC. Brighton Jones LLC boosted its holdings in Northrop Grumman by 176.3% in the fourth quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock worth $1,394,000 after acquiring an additional 1,895 shares in the last quarter. Bison Wealth LLC boosted its holdings in Northrop Grumman by 5.3% in the fourth quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock worth $301,000 after acquiring an additional 32 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Northrop Grumman by 9.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,850 shares of the aerospace company’s stock worth $9,143,000 after acquiring an additional 1,549 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in Northrop Grumman by 14.8% in the first quarter. Golden State Wealth Management LLC now owns 1,039 shares of the aerospace company’s stock worth $532,000 after acquiring an additional 134 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC boosted its holdings in Northrop Grumman by 38.1% in the first quarter. Avidian Wealth Enterprises LLC now owns 914 shares of the aerospace company’s stock worth $468,000 after acquiring an additional 252 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Stock Down 0.2%

Shares of NOC stock opened at $594.95 on Wednesday. The stock has a 50 day moving average of $594.81 and a 200 day moving average of $542.29. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. The stock has a market cap of $84.91 billion, a P/E ratio of 21.40, a P/E/G ratio of 5.16 and a beta of 0.10. Northrop Grumman Corporation has a twelve month low of $426.24 and a twelve month high of $640.90.

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

Northrop Grumman Announces Dividend

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 dividend of $2.31 per share. This represents a $9.24 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio (DPR) is currently 33.24%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on NOC shares. Morgan Stanley raised 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. Wall Street Zen upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Susquehanna raised their price objective on Northrop Grumman from $650.00 to $690.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft set a $700.00 price objective on Northrop Grumman and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company restated an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $642.73.

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.