Bath Savings Trust Co Lowers Stake in Northrop Grumman Corporation $NOC

Bath Savings Trust Co decreased its holdings in Northrop Grumman Corporation (NYSE:NOC) by 38.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,114 shares of the aerospace company’s stock after selling 1,314 shares during the quarter. Bath Savings Trust Co’s holdings in Northrop Grumman were worth $1,022,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Wealth Enhancement Trust Services Inc. raised its holdings in Northrop Grumman by 577.2% in the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 1,544 shares of the aerospace company’s stock worth $746,000 after purchasing an additional 1,316 shares during the period. S.E.E.D. Planning Group LLC grew its holdings in Northrop Grumman by 40.5% during the third quarter. S.E.E.D. Planning Group LLC now owns 3,036 shares of the aerospace company’s stock valued at $1,468,000 after purchasing an additional 875 shares during the period. First Community Trust NA grew its holdings in Northrop Grumman by 710.3% during the third quarter. First Community Trust NA now owns 632 shares of the aerospace company’s stock valued at $306,000 after purchasing an additional 554 shares during the period. Moody National Bank Trust Division grew its holdings in Northrop Grumman by 17.8% during the third quarter. Moody National Bank Trust Division now owns 4,408 shares of the aerospace company’s stock valued at $2,131,000 after purchasing an additional 667 shares during the period. Finally, Rosenberg Matthew Hamilton increased its position in Northrop Grumman by 25.0% in the third quarter. Rosenberg Matthew Hamilton now owns 626 shares of the aerospace company’s stock worth $303,000 after buying an additional 125 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Price Performance

Shares of NYSE NOC traded down $9.69 during mid-day trading on Wednesday, reaching $473.42. The company’s stock had a trading volume of 716,407 shares, compared to its average volume of 918,034. 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 52 week low of $470.06 and a 52 week high of $774.00. The stock has a fifty day moving average of $534.98 and a two-hundred day moving average of $563.71. The firm has a market capitalization of $67.24 billion, a PE ratio of 15.04, a P/E/G ratio of 2.79 and a beta of -0.11.

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

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Monday, August 31st were issued a dividend of $2.47 per share. This represents a $9.88 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Monday, August 31st. Northrop Grumman’s dividend payout ratio (DPR) is 31.39%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Raymond James Financial reaffirmed an “outperform” rating on shares of Northrop Grumman in a research note on Monday, June 15th. Rothschild & Co Redburn began coverage on shares of Northrop Grumman in a report on Tuesday. They issued a “buy” rating and a $680.00 target price for the company. The Goldman Sachs Group decreased their target price on shares of Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Robert W. Baird set a $500.00 price target on shares of Northrop Grumman in a report on Wednesday, July 22nd. Finally, TD Cowen lifted their price target on shares of Northrop Grumman from $550.00 to $590.00 and gave the company a “hold” rating in a report on Wednesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $649.05.

Insider Activity

In other news, Director Mark Welsh, III sold 95 shares of Northrop Grumman stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $547.53, for a total transaction of $52,015.35. Following the sale, the director owned 4,393 shares in the company, valued at $2,405,299.29. This trade represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by insiders.

Northrop Grumman Company Profile

Northrop Grumman Corporation (NYSE:NOC) is a global aerospace and defense company that develops and produces systems for government and commercial customers, with the U.S. Department of Defense and other government agencies representing its primary markets. Its work spans advanced aircraft, autonomous systems, space systems, missile defense, command and control, cybersecurity, and other mission-critical technologies.

The company’s offerings include strategic and tactical aircraft, unmanned aerial vehicles, aircraft systems, satellites, spacecraft, launch vehicles, missile-warning and missile-defense systems, secure communications, and cyber and information systems.