Trinity Street Asset Management LLP Cuts Stock Position in Northrop Grumman Corporation $NOC

Trinity Street Asset Management LLP decreased its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 4.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,246 shares of the aerospace company’s stock after selling 1,991 shares during the period. Northrop Grumman accounts for 1.1% of Trinity Street Asset Management LLP’s holdings, 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.

Several other institutional investors and hedge funds have also bought and sold shares of NOC. Torren Management LLC purchased a new stake in shares of Northrop Grumman during the 4th quarter valued at $26,000. Karpus Management Inc. purchased a new position in Northrop Grumman during the 4th quarter worth $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in Northrop Grumman during the 4th quarter worth $29,000. Perkins Coie Trust Co acquired a new position in Northrop Grumman during the 2nd quarter valued at about $29,000. Finally, Financial Life Planners acquired a new position in Northrop Grumman during the 1st quarter valued at about $30,000. 83.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on NOC. Susquehanna lowered 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. BTIG Research restated a “buy” rating and set a $815.00 price objective on shares of Northrop Grumman in a report on Wednesday, April 22nd. Citigroup decreased their price objective on shares of Northrop Grumman from $628.00 to $587.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Weiss Ratings upgraded shares of Northrop Grumman from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 29th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $653.00 target price on shares of Northrop Grumman in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Northrop Grumman currently has an average rating of “Moderate Buy” and a consensus target price of $655.30.

Insiders Place Their Bets

In related news, Director Mark A. Welsh III sold 95 shares of the stock in a transaction that occurred on 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 owned 4,393 shares in the company, valued at approximately $2,405,299.29. This represents a 2.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

Northrop Grumman Stock Performance

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

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, beating analysts’ consensus estimates of $6.82 by $0.86. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The business had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period in the prior year, the company earned $8.15 earnings per share. The company’s 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, research analysts predict that Northrop Grumman Corporation will post 28.97 EPS for the current year.

Northrop Grumman Increases Dividend

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

About Northrop Grumman

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.