Private Trust Co. NA Reduces Position in Northrop Grumman Corporation $NOC

Key Points

• Private Trust Co. NA has reduced its position in Northrop Grumman by 8.0%, owning 4,932 shares worth approximately $2.47 million after selling 429 shares in the second quarter.
• Analysts have set a price objective range for Northrop Grumman, with Deutsche Bank and Truist Financial both rating the stock as a "buy" and estimating price targets up to $700.00.
• Northrop Grumman recently reported a quarterly EPS of $7.11, exceeding expectations, and has declared a quarterly dividend of $2.31, equating to an annualized yield of 1.5%.

Private Trust Co. NA trimmed its position in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 8.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,932 shares of the aerospace company's stock after selling 429 shares during the period. Private Trust Co. NA's holdings in Northrop Grumman were worth $2,466,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NOC. IMA Advisory Services Inc. bought a new stake in shares of Northrop Grumman during the 1st quarter valued at $27,000. Saudi Central Bank bought a new stake in shares of Northrop Grumman during the 1st quarter valued at $28,000. Banque Cantonale Vaudoise bought a new stake in shares of Northrop Grumman during the 1st quarter valued at $30,000. Flaharty Asset Management LLC bought a new stake in shares of Northrop Grumman during the 1st quarter valued at $36,000. Finally, Hollencrest Capital Management raised its position in shares of Northrop Grumman by 790.0% during the 1st quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company's stock valued at $45,000 after purchasing an additional 79 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft set a $700.00 price objective on shares of Northrop Grumman and gave the company a "buy" rating in a research report on Wednesday, October 8th. Truist Financial raised their price objective on shares of Northrop Grumman from $625.00 to $688.00 and gave the company a "buy" rating in a research report on Wednesday. Barclays raised their target price on shares of Northrop Grumman from $500.00 to $580.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Susquehanna raised 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. Finally, Royal Bank Of Canada raised their target price on shares of Northrop Grumman from $600.00 to $625.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $613.15.

Northrop Grumman Stock Performance

NOC opened at $598.74 on Friday. The stock has a market capitalization of $85.73 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 5.92 and a beta of 0.10. The company has a fifty day moving average of $592.22 and a 200 day moving average of $536.46. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $640.90. 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 data on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, topping 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 business had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.15 billion. During the same period last year, the company posted $6.36 EPS. The business's 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, sell-side analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were paid 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 presently 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.

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