Private Trust Co. NA Has $2.25 Million Stock Holdings in Northrop Grumman Corporation $NOC

Private Trust Co. NA lessened its holdings in Northrop Grumman Corporation (NYSE:NOC) by 21.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,937 shares of the aerospace company’s stock after selling 1,071 shares during the period. Private Trust Co. NA’s holdings in Northrop Grumman were worth $2,245,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Financial Life Planners bought a new stake in shares of Northrop Grumman in the 3rd quarter worth about $27,000. Physician Wealth Advisors Inc. boosted its position in Northrop Grumman by 200.0% in the third quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock valued at $29,000 after buying an additional 32 shares in the last quarter. Hopwood Financial Services Inc. bought a new stake in Northrop Grumman during the third quarter worth about $30,000. KERR FINANCIAL PLANNING Corp bought a new stake in Northrop Grumman during the third quarter worth about $32,000. Finally, Wexford Capital LP acquired a new position in Northrop Grumman in the third quarter worth $33,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Price Performance

NYSE:NOC opened at $673.41 on Friday. The company has a market cap of $95.64 billion, a P/E ratio of 23.12, a P/E/G ratio of 4.80 and a beta of 0.04. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.10 and a quick ratio of 1.01. Northrop Grumman Corporation has a one year low of $450.13 and a one year high of $774.00. The firm’s fifty day moving average price is $709.10 and its two-hundred day moving average price is $637.96.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share for the quarter, topping the consensus estimate of $6.97 by $0.26. Northrop Grumman had a return on equity of 25.57% and a net margin of 9.97%.The firm had revenue of $11.71 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same quarter last year, the business earned $6.39 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. 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 year.

Northrop Grumman Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Monday, February 23rd were given a $2.31 dividend. This represents a $9.24 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, February 23rd. Northrop Grumman’s payout ratio is currently 31.72%.

Insider Activity at Northrop Grumman

In related news, VP Benjamin R. Davies sold 2,189 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $719.61, for a total transaction of $1,575,226.29. Following the completion of the transaction, the vice president directly owned 151 shares of the company’s stock, valued at $108,661.11. This trade represents a 93.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Welsh III sold 95 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $684.52, for a total transaction of $65,029.40. Following the completion of the transaction, the director owned 4,203 shares in the company, valued at approximately $2,877,037.56. The trade was a 2.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 22,431 shares of company stock valued at $15,924,404. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NOC shares. Wells Fargo & Company started coverage on shares of Northrop Grumman in a research report on Wednesday, April 1st. They set an “overweight” rating and a $800.00 target price on the stock. TD Cowen reaffirmed a “hold” rating on shares of Northrop Grumman in a research note on Wednesday, January 28th. Vertical Research reaffirmed a “hold” rating and set a $688.00 price objective on shares of Northrop Grumman in a research note on Tuesday, January 27th. Truist Financial reaffirmed a “hold” rating and issued a $623.00 target price (down from $688.00) on shares of Northrop Grumman in a research note on Friday, January 9th. Finally, Argus set a $785.00 price target on Northrop Grumman in a report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Northrop Grumman presently has a consensus rating of “Moderate Buy” and a consensus price target of $719.58.

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.