Stock Yards Bank & Trust Co. Increases Position in Northrop Grumman Corporation $NOC

Stock Yards Bank & Trust Co. lifted its holdings in Northrop Grumman Corporation (NYSE:NOC) by 17.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,001 shares of the aerospace company’s stock after acquiring an additional 149 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Northrop Grumman were worth $500,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of NOC. IMA Advisory Services Inc. purchased a new position in Northrop Grumman in the first quarter valued at approximately $27,000. Saudi Central Bank purchased a new position in Northrop Grumman in the first quarter valued at approximately $28,000. Banque Cantonale Vaudoise purchased a new position in Northrop Grumman in the first quarter valued at approximately $30,000. Flaharty Asset Management LLC purchased a new position in Northrop Grumman in the first quarter valued at approximately $36,000. Finally, Hollencrest Capital Management lifted its stake in Northrop Grumman by 790.0% in the first 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 last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wells Fargo & Company reiterated an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $542.00 target price (down previously from $580.00) on shares of Northrop Grumman in a research report on Tuesday, July 8th. Royal Bank Of Canada increased 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 increased their target price on Northrop Grumman from $557.00 to $650.00 and gave the stock a “positive” rating in a research report on Tuesday, July 22nd. Finally, Barclays increased their target price on Northrop Grumman from $500.00 to $580.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Northrop Grumman has a consensus rating of “Moderate Buy” and an average target price of $588.85.

Northrop Grumman Trading Up 0.9%

Northrop Grumman stock opened at $610.32 on Friday. The stock has a market cap of $87.39 billion, a P/E ratio of 22.50, a PEG ratio of 5.84 and a beta of 0.10. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $610.85. The firm’s fifty day moving average price is $585.11 and its 200-day moving average price is $529.33. 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) last released 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 analysts’ expectations of $10.15 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.36 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Equities research 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 declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders 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 annualized dividend and a dividend yield of 1.5%. Northrop Grumman’s dividend payout ratio 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.