WoodTrust Financial Corp Raises Stock Position in Northrop Grumman Corporation $NOC

WoodTrust Financial Corp grew its holdings in Northrop Grumman Corporation (NYSE:NOC) by 2.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,777 shares of the aerospace company’s stock after acquiring an additional 256 shares during the period. WoodTrust Financial Corp’s holdings in Northrop Grumman were worth $6,388,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. IMA Advisory Services Inc. purchased a new position in shares of Northrop Grumman in the 1st quarter valued at $27,000. Saudi Central Bank acquired a new stake in Northrop Grumman during the 1st quarter valued at $28,000. Banque Cantonale Vaudoise acquired a new stake in Northrop Grumman during the 1st quarter valued at $30,000. Flaharty Asset Management LLC acquired a new stake in Northrop Grumman during the 1st quarter valued at $36,000. Finally, Hollencrest Capital Management grew its holdings in 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 purchasing an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NOC shares. JPMorgan Chase & Co. raised their price target on shares of Northrop Grumman from $480.00 to $585.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Bank of America raised their price target on shares of Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Northrop Grumman in a report on Tuesday, July 22nd. Susquehanna raised their price objective on shares of Northrop Grumman from $557.00 to $650.00 and gave the stock a “positive” rating in a report on Tuesday, July 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Northrop Grumman in a report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Northrop Grumman has a consensus rating of “Moderate Buy” and a consensus target price of $601.00.

Northrop Grumman Trading Up 0.6%

NYSE NOC opened at $622.00 on Wednesday. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $627.81. The company has a 50-day simple moving average of $587.11 and a 200-day simple moving average of $531.14. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The firm has a market capitalization of $89.06 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 5.92 and a beta of 0.10.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, beating the consensus estimate of $6.84 by $0.27. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The business had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same period in the previous year, the business posted $6.36 EPS. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, equities analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

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