Northrop Grumman Corporation $NOC Shares Sold by NS Partners Ltd

NS Partners Ltd reduced its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 11.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,180 shares of the aerospace company’s stock after selling 3,861 shares during the period. NS Partners Ltd’s holdings in Northrop Grumman were worth $15,371,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Northrop Grumman by 176.3% during the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock valued at $1,394,000 after buying an additional 1,895 shares during the period. Bison Wealth LLC increased its position in Northrop Grumman by 5.3% during the fourth quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock worth $301,000 after buying an additional 32 shares during the last quarter. Woodline Partners LP raised its stake in shares of Northrop Grumman by 367.7% in the 1st quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company’s stock valued at $1,288,000 after acquiring an additional 1,978 shares in the last quarter. AXA S.A. grew its holdings in Northrop Grumman by 1,487.8% during the second quarter. AXA S.A. now owns 16,338 shares of the aerospace company’s stock valued at $8,169,000 after purchasing an additional 15,309 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of Northrop Grumman by 6.7% during the 2nd quarter. NewEdge Advisors LLC now owns 8,865 shares of the aerospace company’s stock worth $4,432,000 after buying an additional 553 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Stock Down 1.1%

Shares of NOC opened at $539.79 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. The company has a 50-day moving average price of $542.99 and a two-hundred day moving average price of $603.09. The stock has a market cap of $76.67 billion, a price-to-earnings ratio of 17.15, a P/E/G ratio of 3.53 and a beta of -0.11. Northrop Grumman Corporation has a 12 month low of $479.02 and a 12 month high of $774.00.

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 analysts’ consensus estimates of $6.82 by $0.86. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The business had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the prior year, the firm posted $8.15 EPS. Northrop Grumman’s quarterly revenue was up 5.1% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Equities analysts predict that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Monday, August 31st will be paid a $2.47 dividend. The ex-dividend date is Monday, August 31st. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.8%. Northrop Grumman’s payout ratio is 31.39%.

Insider Activity at Northrop Grumman

In related news, Director Mark A. Welsh III sold 95 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $547.53, for a total transaction of $52,015.35. Following the sale, the director directly owned 4,393 shares in the company, valued at $2,405,299.29. This represents a 2.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on NOC. Morgan Stanley set a $745.00 target price on Northrop Grumman in a research note on Wednesday, July 15th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $620.00 price objective on shares of Northrop Grumman in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft set a $615.00 target price on Northrop Grumman in a research report on Wednesday, July 22nd. Raymond James Financial reiterated an “outperform” rating on shares of Northrop Grumman in a research report on Monday, June 15th. Finally, Citigroup boosted their price objective on Northrop Grumman from $617.00 to $667.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Northrop Grumman presently has a consensus rating of “Moderate Buy” and a consensus price target of $661.30.

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.