OLD Second National Bank of Aurora Sells 136 Shares of Northrop Grumman Corporation $NOC

OLD Second National Bank of Aurora lowered its position in Northrop Grumman Corporation (NYSE:NOC) by 1.8% during the 2nd quarter, Holdings Channel reports. The firm owned 7,572 shares of the aerospace company’s stock after selling 136 shares during the quarter. OLD Second National Bank of Aurora’s holdings in Northrop Grumman were worth $3,786,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in Northrop Grumman by 23.4% in the first quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company’s stock worth $2,631,390,000 after buying an additional 974,633 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Northrop Grumman by 1,425.2% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,001,198 shares of the aerospace company’s stock valued at $512,624,000 after acquiring an additional 935,554 shares in the last quarter. Nuveen LLC acquired a new stake in Northrop Grumman in the first quarter valued at approximately $369,205,000. Vanguard Group Inc. boosted its stake in Northrop Grumman by 4.6% in the first quarter. Vanguard Group Inc. now owns 13,266,301 shares of the aerospace company’s stock valued at $6,792,479,000 after acquiring an additional 588,520 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in Northrop Grumman by 98.8% in the first quarter. AQR Capital Management LLC now owns 899,114 shares of the aerospace company’s stock valued at $460,355,000 after acquiring an additional 446,940 shares in the last quarter. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Down 0.1%

NOC stock opened at $604.89 on Friday. The firm has a 50-day simple moving average of $584.29 and a 200-day simple moving average of $528.24. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $86.61 billion, a P/E ratio of 22.30, a P/E/G ratio of 5.80 and a beta of 0.10. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $610.85.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share for the quarter, topping the consensus estimate of $6.84 by $0.27. The firm 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 revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the firm posted $6.36 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Equities analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were issued a $2.31 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.5%. Northrop Grumman’s dividend payout ratio is currently 34.06%.

Wall Street Analysts Forecast Growth

NOC has been the subject of several recent analyst reports. 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. 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 report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their target price on shares of Northrop Grumman from $480.00 to $585.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Wall Street Zen upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $542.00 price objective (down previously from $580.00) on shares of Northrop Grumman in a research report on Tuesday, July 8th. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $588.85.

About Northrop Grumman

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.