Trinity Street Asset Management LLP Sells 2,072 Shares of Northrop Grumman Corporation $NOC

Trinity Street Asset Management LLP trimmed its stake in Northrop Grumman Corporation (NYSE:NOC) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,136 shares of the aerospace company’s stock after selling 2,072 shares during the period. Northrop Grumman comprises about 1.7% of Trinity Street Asset Management LLP’s investment portfolio, making the stock its 13th largest position. Trinity Street Asset Management LLP’s holdings in Northrop Grumman were worth $26,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Northrop Grumman by 0.8% during the third quarter. Vanguard Group Inc. now owns 13,531,586 shares of the aerospace company’s stock worth $8,245,066,000 after purchasing an additional 109,941 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Northrop Grumman by 2.2% during the third quarter. Franklin Resources Inc. now owns 2,996,284 shares of the aerospace company’s stock worth $1,825,696,000 after purchasing an additional 63,223 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Northrop Grumman by 0.3% during the third quarter. Ameriprise Financial Inc. now owns 1,624,658 shares of the aerospace company’s stock worth $990,046,000 after purchasing an additional 4,844 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Northrop Grumman by 26.7% during the third quarter. Bank of New York Mellon Corp now owns 1,051,226 shares of the aerospace company’s stock worth $640,534,000 after purchasing an additional 221,431 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Northrop Grumman by 4.1% during the third quarter. Legal & General Group Plc now owns 746,585 shares of the aerospace company’s stock worth $454,909,000 after purchasing an additional 29,478 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Price Performance

Northrop Grumman stock opened at $687.49 on Thursday. The business’s 50-day simple moving average is $710.82 and its 200 day simple moving average is $634.32. The stock has a market cap of $97.57 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 5.21 and a beta of 0.04. Northrop Grumman Corporation has a 12-month low of $450.13 and a 12-month high of $774.00. The company has a quick ratio of 1.01, a current ratio of 1.10 and a debt-to-equity ratio of 0.91.

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

Northrop Grumman Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Monday, February 23rd were issued a dividend of $2.31 per share. The ex-dividend date was Monday, February 23rd. This represents a $9.24 dividend on an annualized basis and a yield of 1.3%. Northrop Grumman’s dividend payout ratio (DPR) is 31.72%.

Insider Buying and Selling

In other Northrop Grumman news, VP Benjamin R. Davies sold 2,189 shares of the firm’s stock in a transaction dated 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 transaction, the vice president owned 151 shares in the company, valued at approximately $108,661.11. This trade represents a 93.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kathy J. Warden sold 20,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $708.82, for a total value of $14,176,400.00. Following the transaction, the chief executive officer owned 171,602 shares in the company, valued at approximately $121,634,929.64. This trade represents a 10.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 22,431 shares of company stock worth $15,924,404 in the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. TD Cowen restated a “hold” rating on shares of Northrop Grumman in a report on Wednesday, January 28th. Susquehanna restated a “positive” rating and set a $752.00 target price on shares of Northrop Grumman in a report on Thursday, January 15th. Bank of America increased their target price on Northrop Grumman from $685.00 to $750.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Alembic Global Advisors upgraded Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $662.00 target price on the stock in a report on Monday, December 15th. Finally, Jefferies Financial Group increased their target price on Northrop Grumman from $630.00 to $690.00 and gave the stock a “hold” rating in a report on Sunday, February 1st. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $708.65.

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.