Trivium Point Advisory LLC Sells 614 Shares of Northrop Grumman Corporation (NYSE:NOC)

Key Points

• Trivium Point Advisory LLC reduced its holdings in Northrop Grumman Corporation by 9.3%, selling 614 shares and leaving them with a total of 5,993 shares, valued at $3,068,000.
• Several institutional investors increased their positions in Northrop Grumman during the first quarter, contributing to an institutional ownership of 83.40% of the stock.
• Northrop Grumman recently increased its quarterly dividend from $2.06 to $2.31, representing a >1.6% yield, and reported better-than-expected earnings of $7.11 EPS in its latest quarter.

Trivium Point Advisory LLC trimmed its holdings in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 9.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,993 shares of the aerospace company's stock after selling 614 shares during the quarter. Trivium Point Advisory LLC's holdings in Northrop Grumman were worth $3,068,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Redhawk Wealth Advisors Inc. grew its position in Northrop Grumman by 3.0% during the first quarter. Redhawk Wealth Advisors Inc. now owns 644 shares of the aerospace company's stock valued at $330,000 after buying an additional 19 shares during the period. Salvus Wealth Management LLC boosted its position in shares of Northrop Grumman by 1.5% in the first quarter. Salvus Wealth Management LLC now owns 1,349 shares of the aerospace company's stock worth $691,000 after purchasing an additional 20 shares during the period. IAG Wealth Partners LLC boosted its position in shares of Northrop Grumman by 8.4% in the first quarter. IAG Wealth Partners LLC now owns 271 shares of the aerospace company's stock worth $139,000 after purchasing an additional 21 shares during the period. Integrated Investment Consultants LLC boosted its position in shares of Northrop Grumman by 3.9% in the first quarter. Integrated Investment Consultants LLC now owns 553 shares of the aerospace company's stock worth $283,000 after purchasing an additional 21 shares during the period. Finally, Bank Pictet & Cie Europe AG boosted its position in shares of Northrop Grumman by 2.2% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,006 shares of the aerospace company's stock worth $472,000 after purchasing an additional 22 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NOC shares. Robert W. Baird upped their price target on shares of Northrop Grumman from $547.00 to $565.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada upped their price target on shares of Northrop Grumman from $600.00 to $625.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Wall Street Zen lowered shares of Northrop Grumman from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Susquehanna upped their target price on shares of Northrop Grumman from $557.00 to $650.00 and gave the stock a "positive" rating in a research report on Tuesday, July 22nd. Finally, Bank of America upped their target price on shares of Northrop Grumman from $550.00 to $650.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Northrop Grumman presently has a consensus rating of "Moderate Buy" and an average price target of $586.79.

Insider Activity at Northrop Grumman

In related news, CEO Kathy J. Warden sold 7,500 shares of the firm's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $505.77, for a total value of $3,793,275.00. Following the transaction, the chief executive officer owned 201,602 shares of the company's stock, valued at $101,964,243.54. This trade represents a 3.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Roshan S. Roeder sold 991 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $490.00, for a total transaction of $485,590.00. Following the completion of the transaction, the vice president directly owned 319 shares in the company, valued at $156,310. This represents a 75.65% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,536 shares of company stock worth $8,306,857. 0.23% of the stock is currently owned by corporate insiders.

Northrop Grumman Price Performance

NOC stock opened at $581.86 on Thursday. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $594.68. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The company has a 50-day moving average price of $528.25 and a 200 day moving average price of $499.57. The stock has a market cap of $83.31 billion, a PE ratio of 21.45, a P/E/G ratio of 5.50 and a beta of 0.15.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, topping analysts' consensus estimates of $6.84 by $0.27. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The firm had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.15 billion. During the same period in the previous year, the company earned $6.36 EPS. The firm's revenue for the quarter was up 1.3% compared to the same quarter last year. Equities research analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were paid a $2.31 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $9.24 annualized dividend and a yield of 1.6%. This is a boost from Northrop Grumman's previous quarterly dividend of $2.06. Northrop Grumman's payout ratio is 34.06%.

About Northrop Grumman

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.

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