Blue Trust Inc. Buys 212 Shares of Northrop Grumman Corporation $NOC

Blue Trust Inc. grew its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 6.2% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 3,632 shares of the aerospace company’s stock after acquiring an additional 212 shares during the quarter. Blue Trust Inc.’s holdings in Northrop Grumman were worth $1,816,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. 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 lifted 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 acquiring an additional 79 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NOC has been the subject of several recent analyst reports. Barclays upped their price objective 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. Sanford C. Bernstein restated a “market perform” rating on shares of Northrop Grumman in a research report on Monday, July 14th. Truist Financial restated a “buy” rating and set a $625.00 price objective (up from $550.00) on shares of Northrop Grumman in a research report on Wednesday, July 23rd. 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, Wells Fargo & Company restated an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. One research 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $601.00.

Northrop Grumman Price Performance

Shares of NOC opened at $623.51 on Friday. 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 $590.32 and a two-hundred day simple moving average of $533.65. 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 $89.27 billion, a PE ratio of 22.98, a PEG ratio of 6.08 and a beta of 0.10.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.84 by $0.27. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The business had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $10.15 billion. During the same quarter in the prior year, the firm earned $6.36 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

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%.

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.