City Holding Co. Purchases 58 Shares of Northrop Grumman Corporation $NOC

City Holding Co. raised its position in Northrop Grumman Corporation (NYSE:NOC) by 138.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100 shares of the aerospace company’s stock after buying an additional 58 shares during the quarter. City Holding Co.’s holdings in Northrop Grumman were worth $50,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. IMA Advisory Services Inc. bought a new stake in shares of Northrop Grumman in the first quarter valued at $27,000. Saudi Central Bank bought a new stake in shares of Northrop Grumman in the first quarter valued at $28,000. Banque Cantonale Vaudoise bought a new stake in shares of Northrop Grumman in the first quarter valued at $30,000. Flaharty Asset Management LLC bought a new stake in shares of Northrop Grumman in the first quarter valued at $36,000. Finally, Hollencrest Capital Management raised its stake in shares of Northrop Grumman by 790.0% in the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock valued at $45,000 after buying an additional 79 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Price Performance

Shares of NYSE NOC opened at $594.50 on Monday. The firm has a market capitalization of $85.12 billion, a P/E ratio of 21.91, a P/E/G ratio of 5.69 and a beta of 0.13. 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’s 50-day simple moving average is $580.34 and its two-hundred day simple moving average is $525.58. Northrop Grumman Corporation has a twelve month low of $426.24 and a twelve month high of $600.99.

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

Northrop Grumman Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders 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 1.6%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio is presently 34.06%.

Analysts Set New Price Targets

NOC has been the topic of a number of analyst reports. Bank of America boosted their price objective on Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their price objective on Northrop Grumman from $480.00 to $585.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Robert W. Baird boosted their price objective on Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Susquehanna boosted their price objective on Northrop Grumman from $557.00 to $650.00 and gave the company a “positive” rating in a research note on Tuesday, July 22nd. Finally, Barclays boosted their price objective on Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Northrop Grumman presently has an average rating of “Moderate Buy” and a consensus price target of $588.85.

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.