Trust Co. of Vermont Purchases 77 Shares of Northrop Grumman Corporation $NOC

Trust Co. of Vermont lifted its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 7.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,097 shares of the aerospace company’s stock after purchasing an additional 77 shares during the quarter. Trust Co. of Vermont’s holdings in Northrop Grumman were worth $548,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. IMA Advisory Services Inc. acquired a new stake in shares of Northrop Grumman during the first quarter worth $27,000. Saudi Central Bank acquired a new stake in shares of Northrop Grumman during the first quarter worth $28,000. Banque Cantonale Vaudoise acquired a new stake in shares of Northrop Grumman during the first quarter worth $30,000. Flaharty Asset Management LLC acquired a new stake in shares of Northrop Grumman during the first quarter worth $36,000. Finally, Hollencrest Capital Management raised its holdings in shares of Northrop Grumman by 790.0% during the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock worth $45,000 after acquiring an additional 79 shares during the period. 83.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

NOC has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $542.00 price objective (down from $580.00) on shares of Northrop Grumman in a report on Tuesday, July 8th. Royal Bank Of Canada raised their price objective on shares of Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Truist Financial reiterated a “buy” rating and issued a $625.00 price target (up from $550.00) on shares of Northrop Grumman in a research note on Wednesday, July 23rd. Susquehanna lifted their price target on shares of Northrop Grumman from $557.00 to $650.00 and gave the company a “positive” rating in a research note on Tuesday, July 22nd. Finally, Wells Fargo & Company reiterated an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $588.85.

Northrop Grumman Stock Performance

Shares of NOC opened at $605.72 on Thursday. The firm has a 50-day moving average of $583.57 and a 200-day moving average of $527.45. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $610.85. The company has a market cap of $86.73 billion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 5.83 and a beta of 0.10. 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 (NYSE:NOC) last announced its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, beating analysts’ consensus estimates of $6.84 by $0.27. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter last year, the firm posted $6.36 EPS. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. As a group, equities analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were given 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 dividend payout ratio (DPR) 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.