Frank Rimerman Advisors LLC Lowers Holdings in Northrop Grumman Corporation $NOC

Frank Rimerman Advisors LLC trimmed its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 4.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,954 shares of the aerospace company’s stock after selling 93 shares during the period. Frank Rimerman Advisors LLC’s holdings in Northrop Grumman were worth $977,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of NOC. First United Bank & Trust boosted its stake in shares of Northrop Grumman by 641.0% during the 2nd quarter. First United Bank & Trust now owns 778 shares of the aerospace company’s stock worth $389,000 after acquiring an additional 673 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Northrop Grumman by 12.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 792,707 shares of the aerospace company’s stock worth $405,874,000 after purchasing an additional 86,215 shares during the period. Jones Financial Companies Lllp boosted its position in Northrop Grumman by 1,989.8% during the first quarter. Jones Financial Companies Lllp now owns 125,867 shares of the aerospace company’s stock worth $64,445,000 after purchasing an additional 119,844 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its holdings in 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 valued at $924,000 after purchasing an additional 420 shares during the period. Finally, Ally Financial Inc. grew its holdings in Northrop Grumman by 50.0% in the first quarter. Ally Financial Inc. now owns 3,000 shares of the aerospace company’s stock valued at $1,536,000 after purchasing an additional 1,000 shares during the period. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NOC. BNP Paribas Exane initiated coverage on Northrop Grumman in a research note on Tuesday. They set an “outperform” rating and a $710.00 target price for the company. Barclays boosted their price target on shares of Northrop Grumman from $500.00 to $580.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Robert W. Baird increased their price objective on shares of Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Truist Financial lifted their target price on shares of Northrop Grumman from $625.00 to $688.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Finally, Bank of America boosted their target price 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. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Northrop Grumman currently has a consensus rating of “Moderate Buy” and a consensus price target of $646.94.

Northrop Grumman Trading Up 0.7%

Shares of NOC stock opened at $566.77 on Wednesday. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $640.90. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 1.11. The stock’s fifty day moving average is $589.74 and its two-hundred day moving average is $549.56. The firm has a market capitalization of $80.89 billion, a P/E ratio of 20.39, a PEG ratio of 5.07 and a beta of 0.07.

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

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.