Northrop Grumman Corporation $NOC Shares Sold by US Bancorp DE

Key Points

• US Bancorp DE has reduced its stake in Northrop Grumman Corporation by 1.2% in the second quarter, now owning approximately 0.07% of the company valued at $47.8 million.
• Northrop Grumman reported an EPS of $7.11 for the last quarter, exceeding analysts' expectations, and set a FY 2025 guidance of 25.000-25.400 EPS.
• The company recently declared a quarterly dividend of $2.31, resulting in an annualized dividend yield of 1.5%.

US Bancorp DE reduced its stake in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 1.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 95,679 shares of the aerospace company's stock after selling 1,192 shares during the quarter. US Bancorp DE owned 0.07% of Northrop Grumman worth $47,838,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Vontobel Holding Ltd. lifted its holdings in shares of Northrop Grumman by 45.9% in the 2nd quarter. Vontobel Holding Ltd. now owns 2,445 shares of the aerospace company's stock worth $1,222,000 after acquiring an additional 769 shares during the last quarter. Maryland State Retirement & Pension System lifted its holdings in shares of Northrop Grumman by 2.2% in the 2nd quarter. Maryland State Retirement & Pension System now owns 6,591 shares of the aerospace company's stock worth $3,295,000 after acquiring an additional 141 shares during the last quarter. Northern Financial Advisors Inc lifted its holdings in shares of Northrop Grumman by 5.4% in the 2nd quarter. Northern Financial Advisors Inc now owns 990 shares of the aerospace company's stock worth $495,000 after acquiring an additional 51 shares during the last quarter. WoodTrust Financial Corp lifted its holdings in shares of Northrop Grumman by 2.0% in the 2nd quarter. WoodTrust Financial Corp now owns 12,777 shares of the aerospace company's stock worth $6,388,000 after acquiring an additional 256 shares during the last quarter. Finally, Shell Asset Management Co. lifted its holdings in shares of Northrop Grumman by 24.1% in the 2nd quarter. Shell Asset Management Co. now owns 3,937 shares of the aerospace company's stock worth $1,968,000 after acquiring an additional 764 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Trading Down 0.4%

Shares of NYSE:NOC opened at $635.23 on Friday. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $640.90. The company's 50 day moving average is $589.59 and its two-hundred day moving average is $532.84. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The company has a market cap of $90.95 billion, a PE ratio of 23.41, a P/E/G ratio of 6.10 and a beta of 0.10.

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

Northrop Grumman Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors 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%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Northrop Grumman from $480.00 to $585.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Bank of America increased their target price on shares of Northrop Grumman from $550.00 to $650.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Weiss Ratings reiterated a "buy (b)" rating on shares of Northrop Grumman in a report on Saturday, September 27th. Wall Street Zen upgraded shares of Northrop Grumman from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Finally, Susquehanna increased their target price on shares of Northrop Grumman from $557.00 to $650.00 and gave the stock a "positive" rating in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $601.00.

Northrop Grumman Company 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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