Whittier Trust Co. Has $3.64 Million Stock Holdings in Northrop Grumman Corporation $NOC

Whittier Trust Co. decreased its stake in Northrop Grumman Corporation (NYSE:NOC) by 1.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 7,282 shares of the aerospace company’s stock after selling 76 shares during the period. Whittier Trust Co.’s holdings in Northrop Grumman were worth $3,641,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Capital Investment Advisors LLC increased its stake in shares of Northrop Grumman by 1.0% in the second quarter. Capital Investment Advisors LLC now owns 2,049 shares of the aerospace company’s stock valued at $1,025,000 after buying an additional 20 shares during the period. Tyche Wealth Partners LLC increased its stake in shares of Northrop Grumman by 2.5% in the second quarter. Tyche Wealth Partners LLC now owns 830 shares of the aerospace company’s stock valued at $415,000 after buying an additional 20 shares during the period. Princeton Global Asset Management LLC increased its stake in shares of Northrop Grumman by 0.3% in the second quarter. Princeton Global Asset Management LLC now owns 5,907 shares of the aerospace company’s stock valued at $2,953,000 after buying an additional 20 shares during the period. Integrated Investment Consultants LLC increased its stake in shares of Northrop Grumman by 3.9% in the first quarter. Integrated Investment Consultants LLC now owns 553 shares of the aerospace company’s stock valued at $283,000 after buying an additional 21 shares during the period. Finally, Ameriflex Group Inc. increased its stake in shares of Northrop Grumman by 3.6% in the second quarter. Ameriflex Group Inc. now owns 611 shares of the aerospace company’s stock valued at $301,000 after buying an additional 21 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Northrop Grumman from $480.00 to $585.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Northrop Grumman in a research report on Tuesday, October 14th. Robert W. Baird upped their target price on Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Wells Fargo & Company restated an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Finally, Bank of America upped their target price on Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $617.50.

Northrop Grumman Stock Down 0.4%

Shares of NYSE:NOC opened at $599.45 on Wednesday. The business’s 50 day simple moving average is $593.28 and its two-hundred day simple moving average is $538.58. The firm has a market cap of $85.83 billion, a P/E ratio of 22.10, a PEG ratio of 5.85 and a beta of 0.10. 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 Corporation has a 52-week low of $426.24 and a 52-week high of $640.90.

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

Northrop Grumman Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were issued 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 is presently 34.06%.

About Northrop Grumman

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.