Truist Financial Corp Lowers Stock Holdings in Northrop Grumman Corporation $NOC

Truist Financial Corp lowered its stake in Northrop Grumman Corporation (NYSE:NOC) by 5.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,270 shares of the aerospace company’s stock after selling 1,931 shares during the period. Truist Financial Corp’s holdings in Northrop Grumman were worth $19,663,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Northrop Grumman by 1.2% in the second quarter. Vanguard Group Inc. now owns 13,421,645 shares of the aerospace company’s stock valued at $6,710,554,000 after acquiring an additional 155,344 shares in the last quarter. Soundwatch Capital LLC purchased a new stake in Northrop Grumman in the 2nd quarter valued at approximately $6,457,274,000. Geode Capital Management LLC increased its position in Northrop Grumman by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 3,115,519 shares of the aerospace company’s stock worth $1,554,299,000 after purchasing an additional 14,980 shares during the period. Franklin Resources Inc. raised its stake in shares of Northrop Grumman by 11.8% during the 2nd quarter. Franklin Resources Inc. now owns 2,933,061 shares of the aerospace company’s stock worth $1,466,472,000 after buying an additional 308,680 shares in the last quarter. Finally, Mawer Investment Management Ltd. acquired a new stake in shares of Northrop Grumman in the 2nd quarter valued at approximately $491,985,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Northrop Grumman

In other news, CEO Kathy J. Warden sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $615.00, for a total value of $1,845,000.00. Following the completion of the transaction, the chief executive officer owned 191,602 shares of the company’s stock, valued at $117,835,230. The trade was a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark A. Welsh III sold 97 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $564.08, for a total value of $54,715.76. Following the completion of the transaction, the director owned 4,281 shares of the company’s stock, valued at $2,414,826.48. This trade represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 10,097 shares of company stock valued at $6,099,716. Insiders own 0.23% of the company’s stock.

Northrop Grumman Stock Down 0.4%

NOC stock opened at $692.54 on Friday. The company’s 50 day simple moving average is $599.59 and its 200-day simple moving average is $588.40. The firm has a market capitalization of $98.28 billion, a PE ratio of 23.77, a P/E/G ratio of 5.09 and a beta of 0.05. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $705.45. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.10 and a quick ratio of 0.98.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.97 by $0.26. The firm had revenue of $11.71 billion during the quarter, compared to the consensus estimate of $11.61 billion. Northrop Grumman had a return on equity of 25.57% and a net margin of 9.97%.The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.39 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Equities analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, December 1st were given a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, December 1st. Northrop Grumman’s dividend payout ratio (DPR) is currently 31.72%.

Wall Street Analyst Weigh In

NOC has been the topic of a number of recent analyst reports. Bank of America upped their price objective on Northrop Grumman from $685.00 to $750.00 and gave the stock a “buy” rating in a report on Wednesday. Susquehanna reiterated a “positive” rating and issued a $752.00 price target on shares of Northrop Grumman in a report on Thursday, January 15th. TD Cowen reissued a “hold” rating on shares of Northrop Grumman in a report on Wednesday. Alembic Global Advisors upgraded shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $662.00 target price on the stock in a research report on Monday, December 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Northrop Grumman in a research report on Wednesday, December 24th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Northrop Grumman presently has a consensus rating of “Moderate Buy” and a consensus price target of $688.72.

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.