Northrop Grumman Corporation $NOC Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC reduced its position in Northrop Grumman Corporation (NYSE:NOC) by 28.8% in the 1st quarter, Holdings Channel reports. The firm owned 2,809 shares of the aerospace company’s stock after selling 1,137 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Northrop Grumman were worth $1,916,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Torren Management LLC purchased a new stake in Northrop Grumman in the fourth quarter valued at approximately $26,000. Karpus Management Inc. purchased a new position in shares of Northrop Grumman during the fourth quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Northrop Grumman in the 4th quarter valued at $29,000. Financial Life Planners purchased a new stake in Northrop Grumman in the 1st quarter valued at $30,000. Finally, Motiv8 Investments LLC acquired a new stake in Northrop Grumman during the 4th quarter worth $30,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Trading Up 0.9%

Shares of NOC stock opened at $523.19 on Friday. The business’s fifty day moving average price is $538.07 and its 200 day moving average price is $623.81. The firm has a market capitalization of $74.31 billion, a PE ratio of 16.38, a P/E/G ratio of 3.53 and a beta of -0.10. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.04. Northrop Grumman Corporation has a 1-year low of $493.84 and a 1-year high of $774.00.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, April 21st. The aerospace company reported $6.14 EPS for the quarter, beating analysts’ consensus estimates of $6.06 by $0.08. The company had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.75 billion. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.Northrop Grumman’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, sell-side analysts forecast that Northrop Grumman Corporation will post 27.95 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st were paid a dividend of $2.47 per share. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date of this dividend was Monday, June 1st. This represents a $9.88 annualized dividend and a dividend yield of 1.9%. Northrop Grumman’s dividend payout ratio is presently 30.92%.

Key Northrop Grumman News

Here are the key news stories impacting Northrop Grumman this week:

• Positive Sentiment: Defense stocks are benefiting from a broader sector rally as investors respond to expectations for stronger U.S. military spending, including a proposed $1.5 trillion defense budget backdrop. Northrop Grumman rises as defense-spending tailwinds and program momentum lift sentiment
• Positive Sentiment: Investor attention is building ahead of Northrop Grumman’s July 21 Q2 results, with a strong backlog and government contract momentum expected to support the quarter. Northrop Grumman to Post Q2 Earnings: Here’s What to Expect
• Positive Sentiment: Recent program news, including work tied to Sentinel infrastructure, is reinforcing the long-term growth story for strategic deterrence and aerospace missions. Northrop Grumman Planning To Add Hundreds Of Jobs For Sentinel
• Neutral Sentiment: Analyst commentary remains mixed-to-positive, with recent coverage focused on key earnings metrics and margin sensitivity, especially around the Sentinel program.
• Negative Sentiment: Insider trading data shows no open-market insider buying in the last six months, while several executives have sold shares, which may temper some enthusiasm.

Analyst Ratings Changes

A number of research firms have commented on NOC. Wells Fargo & Company restated an “overweight” rating and issued a $620.00 price objective on shares of Northrop Grumman in a research note on Wednesday, July 8th. BTIG Research reissued a “buy” rating and set a $815.00 price target on shares of Northrop Grumman in a report on Wednesday, April 22nd. UBS Group dropped their price target on Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. TD Cowen reduced their price objective on Northrop Grumman from $680.00 to $580.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Northrop Grumman in a research report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Northrop Grumman has an average rating of “Moderate Buy” and a consensus price target of $676.29.

About Northrop Grumman

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.