CENTRAL TRUST Co Sells 101 Shares of Northrop Grumman Corporation $NOC

CENTRAL TRUST Co cut its stake in Northrop Grumman Corporation (NYSE:NOC) by 1.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,009 shares of the aerospace company’s stock after selling 101 shares during the quarter. CENTRAL TRUST Co’s holdings in Northrop Grumman were worth $4,004,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NOC. IMA Advisory Services Inc. bought a new position in Northrop Grumman in the first quarter worth about $27,000. Saudi Central Bank bought a new stake in Northrop Grumman during the 1st quarter valued at approximately $28,000. Banque Cantonale Vaudoise purchased a new position in shares of Northrop Grumman during the 1st quarter worth approximately $30,000. NewSquare Capital LLC grew its holdings in shares of Northrop Grumman by 75.0% during the 2nd quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 27 shares during the period. Finally, Flaharty Asset Management LLC bought a new position in shares of Northrop Grumman in the 1st quarter worth approximately $36,000. 83.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NOC. Royal Bank Of Canada upped their price target on Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Morgan Stanley increased their price target on shares of Northrop Grumman from $625.00 to $720.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. UBS Group lifted their price target on shares of Northrop Grumman to $770.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft set a $700.00 price objective on shares of Northrop Grumman and gave the stock a “buy” rating in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Northrop Grumman presently has an average rating of “Moderate Buy” and an average price target of $642.73.

Northrop Grumman Trading Up 0.7%

NYSE:NOC opened at $566.91 on Wednesday. The stock has a market cap of $80.91 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 5.07 and a beta of 0.07. 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’s 50 day moving average price is $591.54 and its 200-day moving average price is $546.94. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $640.90.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.43 by $1.24. The business had revenue of $10.42 billion for the quarter, compared to analysts’ expectations of $10.68 billion. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm posted $7.00 EPS. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, equities research analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were given a $2.31 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $9.24 dividend on an annualized basis and a yield of 1.6%. Northrop Grumman’s payout ratio is 33.24%.

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.