CHICAGO TRUST Co NA Makes New Investment in Northrop Grumman Corporation $NOC

CHICAGO TRUST Co NA acquired a new position in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 650 shares of the aerospace company's stock, valued at approximately $325,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of NOC. IMA Advisory Services Inc. bought a new stake in Northrop Grumman in the first quarter valued at about $27,000. Saudi Central Bank bought a new position in shares of Northrop Grumman during the first quarter valued at approximately $28,000. Banque Cantonale Vaudoise acquired a new position in shares of Northrop Grumman during the first quarter worth approximately $30,000. Wood Tarver Financial Group LLC acquired a new position in shares of Northrop Grumman during the fourth quarter worth approximately $32,000. Finally, Flaharty Asset Management LLC acquired a new position in shares of Northrop Grumman during the first quarter worth approximately $36,000. Institutional investors and hedge funds own 83.40% of the company's stock.

Northrop Grumman Trading Up 1.7%

Shares of NYSE:NOC opened at $586.94 on Thursday. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $600.99. The company has a market cap of $84.04 billion, a P/E ratio of 21.63, a P/E/G ratio of 5.53 and a beta of 0.13. The stock's 50-day moving average is $577.61 and its 200-day moving average is $523.70. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04.

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

Northrop Grumman Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were paid 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 payout ratio is currently 34.06%.

Analyst Ratings Changes

NOC has been the subject of a number of research analyst reports. Royal Bank Of Canada upped their target price on Northrop Grumman from $600.00 to $625.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Susquehanna boosted their target price 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. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $542.00 target price (down from $580.00) on shares of Northrop Grumman in a research note on Tuesday, July 8th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Northrop Grumman in a research note on Monday, July 14th. Finally, Wall Street Zen upgraded Northrop Grumman from a "hold" rating to a "buy" rating in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Northrop Grumman has a consensus rating of "Moderate Buy" and a consensus target price of $588.85.

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.

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