Northrop Grumman Corporation $NOC Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lowered its position in Northrop Grumman Corporation (NYSE:NOC) by 1.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 33,504 shares of the aerospace company’s stock after selling 467 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Northrop Grumman were worth $16,751,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. First United Bank & Trust boosted its holdings in Northrop Grumman by 641.0% in the second quarter. First United Bank & Trust now owns 778 shares of the aerospace company’s stock valued at $389,000 after purchasing an additional 673 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Northrop Grumman by 12.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 792,707 shares of the aerospace company’s stock valued at $405,874,000 after buying an additional 86,215 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Northrop Grumman by 1,989.8% in the 1st quarter. Jones Financial Companies Lllp now owns 125,867 shares of the aerospace company’s stock valued at $64,445,000 after buying an additional 119,844 shares during the period. Mitchell Mcleod Pugh & Williams Inc. boosted its stake in shares of Northrop Grumman by 29.4% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 1,848 shares of the aerospace company’s stock worth $924,000 after buying an additional 420 shares during the last quarter. Finally, Ally Financial Inc. boosted its stake in shares of Northrop Grumman by 50.0% in the first quarter. Ally Financial Inc. now owns 3,000 shares of the aerospace company’s stock worth $1,536,000 after buying an additional 1,000 shares during the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Stock Up 0.7%

Shares of NYSE:NOC opened at $566.77 on Wednesday. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $640.90. The stock 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. The business has a fifty day moving average of $589.74 and a two-hundred day moving average of $549.56. The company has a quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 0.95.

Northrop Grumman (NYSE:NOC) last announced 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. 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 25.49% and a net margin of 9.82%.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 posted $7.00 EPS. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, research analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Wall Street Analyst Weigh In

NOC has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price target on Northrop Grumman from $575.00 to $640.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Northrop Grumman in a research note on Tuesday, October 14th. BNP Paribas Exane began coverage on shares of Northrop Grumman in a research report on Tuesday. They set an “outperform” rating and a $710.00 price target on the stock. BTIG Research lifted their price objective on shares of Northrop Grumman from $630.00 to $680.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, Sanford C. Bernstein set a $696.00 target price on Northrop Grumman in a research report on Thursday, October 23rd. One 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $646.94.

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.