Citizens National Bank Trust Department Trims Stake in Northrop Grumman Corporation $NOC

Citizens National Bank Trust Department cut its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 2.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,629 shares of the aerospace company’s stock after selling 120 shares during the period. Citizens National Bank Trust Department’s holdings in Northrop Grumman were worth $2,314,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NOC. IMA Advisory Services Inc. purchased a new stake in shares of Northrop Grumman in the first quarter worth approximately $27,000. Saudi Central Bank bought a new position in Northrop Grumman in the 1st quarter valued at $28,000. Banque Cantonale Vaudoise bought a new position in Northrop Grumman in the 1st quarter valued at $30,000. Flaharty Asset Management LLC purchased a new stake in Northrop Grumman in the first quarter worth $36,000. Finally, Hollencrest Capital Management lifted its position in shares of Northrop Grumman by 790.0% during the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock worth $45,000 after purchasing an additional 79 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Price Performance

NOC opened at $622.00 on Wednesday. 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. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The business’s 50-day moving average is $587.11 and its two-hundred day moving average is $531.14. Northrop Grumman Corporation has a 1 year low of $426.24 and a 1 year high of $627.81.

Northrop Grumman (NYSE:NOC) last released 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 prior year, the firm posted $6.36 earnings per share. 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. Research analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently commented on NOC. Bank of America raised their price target on shares of Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Robert W. Baird raised 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. Wall Street Zen raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Susquehanna raised their price objective on Northrop Grumman from $557.00 to $650.00 and gave the stock a “positive” rating in a report on Tuesday, July 22nd. Finally, Barclays upped their target price on Northrop Grumman from $500.00 to $580.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $601.00.

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.