Trust Co. of Vermont Acquires Shares of 1,133 Northrop Grumman Corporation $NOC

Trust Co. of Vermont bought a new position in shares of Northrop Grumman Corporation (NYSE:NOCFree Report) in the second quarter, Holdings Channel reports. The firm bought 1,133 shares of the aerospace company’s stock, valued at approximately $577,000.

A number of other large investors also recently made changes to their positions in NOC. Torren Management LLC acquired a new position in Northrop Grumman in the fourth quarter valued at about $26,000. Karpus Management Inc. bought a new stake in Northrop Grumman during the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Northrop Grumman during the 4th quarter worth approximately $29,000. Perkins Coie Trust Co acquired a new stake in Northrop Grumman during the 2nd quarter worth approximately $29,000. Finally, Financial Life Planners bought a new position in Northrop Grumman in the first quarter valued at approximately $30,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Trading Up 3.5%

Shares of Northrop Grumman stock opened at $589.95 on Wednesday. The stock has a market cap of $83.79 billion, a P/E ratio of 18.74, a P/E/G ratio of 3.79 and a beta of -0.11. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. Northrop Grumman Corporation has a 12-month low of $479.02 and a 12-month high of $774.00. The business’s 50 day moving average is $540.34 and its 200-day moving average is $612.15.

Northrop Grumman (NYSE:NOCGet Free Report) last released its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, beating the consensus estimate of $6.82 by $0.86. The business had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the business earned $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Equities research analysts predict that Northrop Grumman Corporation will post 28.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. TD Cowen reduced their price target on shares of Northrop Grumman from $580.00 to $550.00 and set a “hold” rating for the company in a report on Wednesday, July 22nd. JPMorgan Chase & Co. cut their price objective on shares of Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating on the stock in a research report on Thursday, July 23rd. Jefferies Financial Group reduced their target price on shares of Northrop Grumman from $620.00 to $580.00 and set a “hold” rating for the company in a research note on Friday, June 26th. UBS Group increased their target price on Northrop Grumman from $666.00 to $685.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Finally, BTIG Research reissued a “buy” rating and issued a $815.00 price target on shares of Northrop Grumman in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $659.30.

View Our Latest Report on NOC

Northrop Grumman News Summary

Here are the key news stories impacting Northrop Grumman this week:

Insider Activity at Northrop Grumman

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $547.53, for a total value of $52,015.35. Following the transaction, the director directly owned 4,393 shares of the company’s stock, valued at $2,405,299.29. This represents a 2.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

Northrop Grumman Company Profile

(Free Report)

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.

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Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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