Eastern Bank Has $470,000 Stock Holdings in Northrop Grumman Corporation $NOC

Eastern Bank cut its position in Northrop Grumman Corporation (NYSE:NOC) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 940 shares of the aerospace company’s stock after selling 30 shares during the period. Eastern Bank’s holdings in Northrop Grumman were worth $470,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. IMA Advisory Services Inc. acquired a new position in Northrop Grumman during the 1st quarter valued at about $27,000. Saudi Central Bank acquired a new position in Northrop Grumman during the 1st quarter valued at about $28,000. Banque Cantonale Vaudoise acquired a new position in Northrop Grumman during the 1st quarter valued at about $30,000. Flaharty Asset Management LLC acquired a new position in Northrop Grumman during the 1st quarter valued at about $36,000. Finally, Hollencrest Capital Management boosted its stake 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 during the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Price Performance

Northrop Grumman stock opened at $623.51 on Friday. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $640.90. The company’s 50 day moving average price is $590.32 and its two-hundred day moving average price is $533.84. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The stock has a market cap of $89.28 billion, a P/E ratio of 22.98, a P/E/G ratio of 5.97 and a beta of 0.10.

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

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were issued a $2.31 dividend. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman’s payout ratio is 34.06%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NOC shares. Deutsche Bank Aktiengesellschaft set a $700.00 price target on Northrop Grumman and gave the company a “buy” rating in a research note on Wednesday. Weiss Ratings reiterated a “buy (b)” rating on shares of Northrop Grumman in a research note on Saturday, September 27th. Wells Fargo & Company reiterated an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. Sanford C. Bernstein reiterated a “market perform” rating on shares of Northrop Grumman in a research note on Monday, July 14th. Finally, Robert W. Baird lifted their target price on shares of Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $601.00.

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.