Whittier Trust Co. Sells 76 Shares of Northrop Grumman Corporation $NOC

Whittier Trust Co. trimmed its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 1.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 7,282 shares of the aerospace company’s stock after selling 76 shares during the quarter. Whittier Trust Co.’s holdings in Northrop Grumman were worth $3,641,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of NOC. Brighton Jones LLC lifted its position in shares of Northrop Grumman by 176.3% during the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock valued at $1,394,000 after acquiring an additional 1,895 shares during the period. Bison Wealth LLC lifted its position in shares of Northrop Grumman by 5.3% during the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock valued at $301,000 after acquiring an additional 32 shares during the period. GAMMA Investing LLC lifted its position in shares of Northrop Grumman by 8.6% during the 1st quarter. GAMMA Investing LLC now owns 2,969 shares of the aerospace company’s stock valued at $1,520,000 after acquiring an additional 236 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of Northrop Grumman by 0.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,361 shares of the aerospace company’s stock valued at $10,425,000 after acquiring an additional 119 shares during the period. Finally, TrueMark Investments LLC bought a new stake in shares of Northrop Grumman during the 1st quarter valued at $318,000. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Price Performance

Shares of NOC opened at $599.45 on Wednesday. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $640.90. The business has a 50-day simple moving average of $593.28 and a two-hundred day simple moving average of $538.58. 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 cap of $85.83 billion, a PE ratio of 22.10, a PEG ratio of 5.85 and a beta of 0.10.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.43 by $1.24. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The business had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter in the prior year, the firm earned $7.00 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $700.00 price objective on Northrop Grumman and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Royal Bank Of Canada upped their price objective on Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Truist Financial upped their price objective on Northrop Grumman from $625.00 to $688.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. JPMorgan Chase & Co. upped their price objective on Northrop Grumman from $480.00 to $585.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Finally, Bank of America upped their price objective on Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Northrop Grumman has an average rating of “Moderate Buy” and a consensus target price of $617.50.

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.