Northrop Grumman Corporation $NOC Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 5.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Parvin Asset Management LLC purchased a new stake in shares of Northrop Grumman during the 2nd quarter valued at about $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in Northrop Grumman during the 2nd quarter worth $31,000. NewSquare Capital LLC grew its stake in Northrop Grumman by 75.0% in the second quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 27 shares in the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of Northrop Grumman in the 3rd quarter worth approximately $42,000. Finally, AlphaQuest LLC lifted its stake in Northrop Grumman by 29.2% during the second quarter. AlphaQuest LLC now owns 93 shares of the aerospace company’s stock worth $46,000 after purchasing an additional 21 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NOC. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $765.00 target price on shares of Northrop Grumman in a report on Thursday. Vertical Research reissued a “hold” rating and issued a $688.00 price target on shares of Northrop Grumman in a research note on Tuesday. UBS Group increased their price objective on shares of Northrop Grumman from $777.00 to $778.00 and gave the company a “buy” rating in a report on Wednesday. BTIG Research raised their target price on Northrop Grumman from $680.00 to $815.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, BNP Paribas Exane began coverage on shares of Northrop Grumman in a research note on Tuesday, November 18th. They set an “outperform” rating and a $710.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Northrop Grumman has a consensus rating of “Moderate Buy” and a consensus target price of $688.72.

Insider Buying and Selling at Northrop Grumman

In related news, Director Mark A. Welsh III sold 97 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $564.08, for a total value of $54,715.76. Following the transaction, the director directly owned 4,281 shares of the company’s stock, valued at approximately $2,414,826.48. This trade represents a 2.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kathy J. Warden sold 7,000 shares of Northrop Grumman stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $600.00, for a total transaction of $4,200,000.00. Following the completion of the transaction, the chief executive officer directly owned 194,602 shares in the company, valued at approximately $116,761,200. This represents a 3.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 10,097 shares of company stock worth $6,099,716. 0.23% of the stock is currently owned by company insiders.

Northrop Grumman Trading Down 0.4%

NYSE:NOC opened at $692.54 on Friday. The stock has a market cap of $98.28 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 5.09 and a beta of 0.05. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.10 and a quick ratio of 0.98. The stock’s 50-day moving average is $599.59 and its two-hundred day moving average is $588.40. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $705.45.

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

Northrop Grumman Dividend Announcement

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

Northrop Grumman 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.