Trinity Street Asset Management LLP Sells 1,991 Shares of Northrop Grumman Corporation $NOC

Trinity Street Asset Management LLP trimmed its holdings in Northrop Grumman Corporation (NYSE:NOC) by 4.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,246 shares of the aerospace company’s stock after selling 1,991 shares during the period. Northrop Grumman comprises about 1.1% of Trinity Street Asset Management LLP’s investment portfolio, making the stock its 19th biggest position. Trinity Street Asset Management LLP’s holdings in Northrop Grumman were worth $22,026,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Financial Life Planners purchased a new position in shares of Northrop Grumman in the first quarter worth $30,000. Torren Management LLC purchased a new position in Northrop Grumman during the fourth quarter valued at $26,000. Karpus Management Inc. bought a new stake in Northrop Grumman in the 4th quarter valued at $26,000. Whipplewood Advisors LLC lifted its stake in Northrop Grumman by 380.0% in the 1st quarter. Whipplewood Advisors LLC now owns 48 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 38 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Northrop Grumman in the 4th quarter worth $29,000. Institutional investors own 83.40% of the company’s stock.

Insider Activity

In other news, Director Mark A. Welsh III sold 95 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $547.53, for a total value of $52,015.35. Following the completion of the transaction, the director directly owned 4,393 shares of the company’s stock, valued at approximately $2,405,299.29. The trade was a 2.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

Northrop Grumman Stock Performance

NOC stock opened at $576.94 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06. Northrop Grumman Corporation has a 1-year low of $479.02 and a 1-year high of $774.00. The business has a 50-day moving average price of $537.45 and a 200 day moving average price of $614.81. The company has a market capitalization of $81.94 billion, a P/E ratio of 18.33, a PEG ratio of 3.73 and a beta of -0.11.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 EPS 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 analyst estimates of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, equities research analysts forecast that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st were issued a $2.47 dividend. The ex-dividend date was Monday, June 1st. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s dividend payout ratio (DPR) is 31.39%.

Analysts Set New Price Targets

NOC has been the subject of a number of research analyst reports. Morgan Stanley set a $745.00 price objective on Northrop Grumman in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft set a $615.00 price target on Northrop Grumman in a research note on Wednesday, July 22nd. Susquehanna cut their price target on Northrop Grumman from $785.00 to $655.00 and set a “positive” rating for the company in a report on Wednesday, July 22nd. Robert W. Baird set a $500.00 price objective on Northrop Grumman in a research note on Wednesday, July 22nd. Finally, Wall Street Zen cut Northrop Grumman from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 25th. One 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $655.30.

Northrop Grumman Company Profile

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.