Trivium Point Advisory LLC Makes New Investment in Northrop Grumman Corporation $NOC

Trivium Point Advisory LLC bought a new stake in Northrop Grumman Corporation (NYSE:NOC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,269 shares of the aerospace company’s stock, valued at approximately $1,156,000.

Several other hedge funds have also made changes to their positions in NOC. Pictet Asset Management Holding SA increased its stake in Northrop Grumman by 7.0% during the first quarter. Pictet Asset Management Holding SA now owns 61,436 shares of the aerospace company’s stock worth $41,914,000 after acquiring an additional 4,041 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Northrop Grumman by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock valued at $7,835,097,000 after purchasing an additional 209,135 shares during the last quarter. New York State Teachers Retirement System lifted its stake in shares of Northrop Grumman by 9.7% in the 4th quarter. New York State Teachers Retirement System now owns 111,927 shares of the aerospace company’s stock valued at $63,822,000 after purchasing an additional 9,924 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Northrop Grumman by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 3,149,478 shares of the aerospace company’s stock worth $1,793,478,000 after purchasing an additional 17,948 shares during the period. Finally, World Investment Advisors grew its holdings in shares of Northrop Grumman by 70.1% during the 4th quarter. World Investment Advisors now owns 4,497 shares of the aerospace company’s stock worth $2,564,000 after purchasing an additional 1,853 shares during the period. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

Shares of NOC stock opened at $585.18 on Monday. The firm has a 50 day moving average of $538.88 and a two-hundred day moving average of $613.61. The stock has a market capitalization of $83.11 billion, a PE ratio of 18.59, a P/E/G ratio of 3.79 and a beta of -0.11. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. Northrop Grumman Corporation has a 52 week low of $479.02 and a 52 week high of $774.00.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, topping analysts’ consensus estimates of $6.82 by $0.86. The business had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.80 billion. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, research analysts predict 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. Shareholders of record on Monday, June 1st were issued a dividend of $2.47 per share. This is a positive change 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 (DPR) is currently 31.39%.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $547.53, for a total value of $52,015.35. Following the sale, the director owned 4,393 shares of the company’s stock, valued at $2,405,299.29. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NOC has been the topic of several research analyst reports. UBS Group boosted their price objective on shares of Northrop Grumman from $666.00 to $685.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. TD Cowen decreased their price objective on shares of Northrop Grumman from $580.00 to $550.00 and set a “hold” rating on the stock in a report on Wednesday, July 22nd. Raymond James Financial reaffirmed an “outperform” rating on shares of Northrop Grumman in a research report on Monday, June 15th. BTIG Research reissued a “buy” rating and issued a $815.00 target price on shares of Northrop Grumman in a research report on Wednesday, April 22nd. Finally, Citigroup upped their price target on Northrop Grumman from $617.00 to $667.00 and gave the stock a “buy” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $659.30.

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.