Northrop Grumman Corporation $NOC Stock Position Decreased by Bath Savings Trust Co

Bath Savings Trust Co lessened its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 38.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,114 shares of the aerospace company’s stock after selling 1,314 shares during the period. Bath Savings Trust Co’s holdings in Northrop Grumman were worth $1,022,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NOC. Wealth Enhancement Trust Services Inc. grew its position in Northrop Grumman by 577.2% during the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 1,544 shares of the aerospace company’s stock valued at $746,000 after purchasing an additional 1,316 shares during the last quarter. S.E.E.D. Planning Group LLC raised its holdings in Northrop Grumman by 40.5% in the third quarter. S.E.E.D. Planning Group LLC now owns 3,036 shares of the aerospace company’s stock worth $1,468,000 after buying an additional 875 shares during the last quarter. First Community Trust NA raised its holdings in Northrop Grumman by 710.3% in the third quarter. First Community Trust NA now owns 632 shares of the aerospace company’s stock worth $306,000 after buying an additional 554 shares during the last quarter. Moody National Bank Trust Division lifted its stake in shares of Northrop Grumman by 17.8% in the third quarter. Moody National Bank Trust Division now owns 4,408 shares of the aerospace company’s stock worth $2,131,000 after buying an additional 667 shares in the last quarter. Finally, Rosenberg Matthew Hamilton lifted its stake in shares of Northrop Grumman by 25.0% in the third quarter. Rosenberg Matthew Hamilton now owns 626 shares of the aerospace company’s stock worth $303,000 after buying an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NOC shares. TD Cowen raised their price target on shares of Northrop Grumman from $550.00 to $590.00 and gave the company a “hold” rating in a research report on Wednesday, August 19th. Rothschild & Co Redburn began coverage on shares of Northrop Grumman in a report on Tuesday. They issued a “buy” rating and a $680.00 price objective for the company. Morgan Stanley set a $745.00 price objective on Northrop Grumman in a research report on Wednesday, July 15th. Citigroup increased their target price on Northrop Grumman from $617.00 to $667.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, Robert W. Baird set a $500.00 target price on Northrop Grumman in a report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Northrop Grumman has an average rating of “Moderate Buy” and an average target price of $649.05.

Northrop Grumman Stock Performance

Shares of NOC traded down $9.69 during mid-day trading on Wednesday, hitting $473.42. 716,407 shares of the company traded hands, compared to its average volume of 918,034. The stock has a market cap of $67.24 billion, a price-to-earnings ratio of 15.04, a P/E/G ratio of 2.79 and a beta of -0.11. The stock has a 50-day moving average price of $534.98 and a two-hundred day moving average price of $563.71. Northrop Grumman Corporation has a 1 year low of $470.06 and a 1 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.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.82 by $0.86. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The company had revenue of $10.88 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter last year, the company posted $8.15 earnings per share. The firm’s quarterly 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. Equities analysts anticipate that Northrop Grumman Corporation will post 28.97 earnings per share for the current year.

Northrop Grumman Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Monday, August 31st were paid a $2.47 dividend. This represents a $9.88 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Monday, August 31st. Northrop Grumman’s dividend payout ratio (DPR) is 31.39%.

Insider Activity

In related news, Director Mark Welsh, III sold 95 shares of Northrop Grumman stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $547.53, for a total value of $52,015.35. Following the completion of the sale, the director owned 4,393 shares of the company’s stock, valued at $2,405,299.29. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 currently owned by company insiders.

Northrop Grumman Company Profile

Northrop Grumman Corporation (NYSE:NOC) is a global aerospace and defense company that develops and produces systems for government and commercial customers, with the U.S. Department of Defense and other government agencies representing its primary markets. Its work spans advanced aircraft, autonomous systems, space systems, missile defense, command and control, cybersecurity, and other mission-critical technologies.

The company’s offerings include strategic and tactical aircraft, unmanned aerial vehicles, aircraft systems, satellites, spacecraft, launch vehicles, missile-warning and missile-defense systems, secure communications, and cyber and information systems.