Northrop Grumman Corporation $NOC Shares Sold by FineMark National Bank & Trust

FineMark National Bank & Trust lowered its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 0.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,199 shares of the aerospace company’s stock after selling 161 shares during the period. FineMark National Bank & Trust’s holdings in Northrop Grumman were worth $8,599,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Coign Capital Advisors LLC increased its position in Northrop Grumman by 1.3% during the second quarter. Coign Capital Advisors LLC now owns 1,294 shares of the aerospace company’s stock worth $647,000 after buying an additional 17 shares during the period. King Luther Capital Management Corp grew its position in shares of Northrop Grumman by 1.5% during the second quarter. King Luther Capital Management Corp now owns 1,243 shares of the aerospace company’s stock worth $621,000 after acquiring an additional 18 shares during the last quarter. CNB Bank increased its holdings in shares of Northrop Grumman by 0.8% in the 2nd quarter. CNB Bank now owns 2,521 shares of the aerospace company’s stock valued at $1,260,000 after acquiring an additional 19 shares during the period. Capital Investment Advisors LLC increased its holdings in shares of Northrop Grumman by 1.0% in the 2nd quarter. Capital Investment Advisors LLC now owns 2,049 shares of the aerospace company’s stock valued at $1,025,000 after acquiring an additional 20 shares during the period. Finally, Tyche Wealth Partners LLC raised its position in Northrop Grumman by 2.5% in the 2nd quarter. Tyche Wealth Partners LLC now owns 830 shares of the aerospace company’s stock valued at $415,000 after purchasing an additional 20 shares during the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. BTIG Research raised their price objective on shares of Northrop Grumman from $630.00 to $680.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Bank of America raised their price target on Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Susquehanna boosted their price target on Northrop Grumman from $650.00 to $690.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. UBS Group increased their price objective on Northrop Grumman to $770.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Barclays lifted their target price on Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $646.94.

Northrop Grumman Price Performance

Shares of NYSE:NOC opened at $566.77 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 0.95. The company has a 50-day moving average price of $589.74 and a 200 day moving average price of $549.56. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $640.90. The company has a market cap of $80.89 billion, a P/E ratio of 20.39, a PEG ratio of 5.07 and a beta of 0.07.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, beating the consensus estimate of $6.43 by $1.24. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The business had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same period last year, the firm earned $7.00 EPS. The company’s quarterly revenue 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. Research analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Company 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.