Corient Private Wealth LP Purchases 494,967 Shares of Northrop Grumman Corporation $NOC

Corient Private Wealth LP increased its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 672.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 568,520 shares of the aerospace company’s stock after acquiring an additional 494,967 shares during the period. Corient Private Wealth LP’s holdings in Northrop Grumman were worth $289,553,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in NOC. Brighton Jones LLC raised its position in Northrop Grumman by 176.3% during the fourth quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock valued at $1,394,000 after purchasing an additional 1,895 shares in the last quarter. Bison Wealth LLC increased its stake in shares of Northrop Grumman by 5.3% in the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock valued at $301,000 after purchasing an additional 32 shares during the last quarter. Woodline Partners LP increased 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 purchasing an additional 1,978 shares during the last quarter. AXA S.A. raised its holdings in shares of Northrop Grumman by 1,487.8% during the 2nd quarter. AXA S.A. now owns 16,338 shares of the aerospace company’s stock worth $8,169,000 after buying an additional 15,309 shares in the last quarter. Finally, NewEdge Advisors LLC raised 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 in the last quarter. 83.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NOC shares. Jefferies Financial Group reduced their price objective on Northrop Grumman from $620.00 to $580.00 and set a “hold” rating on the stock in a research note on Friday, June 26th. TD Cowen boosted their target price on Northrop Grumman from $550.00 to $590.00 and gave the stock a “hold” rating in a research note on Wednesday, August 19th. Raymond James Financial reissued an “outperform” rating on shares of Northrop Grumman in a report on Monday, June 15th. Robert W. Baird set a $500.00 price target on shares of Northrop Grumman in a research note on Wednesday, July 22nd. Finally, Weiss Ratings lowered shares of Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $661.30.

Northrop Grumman Trading Up 1.5%

NYSE NOC opened at $550.61 on Thursday. The business’s 50-day moving average price is $541.40 and its two-hundred day moving average price is $606.36. Northrop Grumman Corporation has a 12 month low of $479.02 and a 12 month high of $774.00. The firm has a market capitalization of $78.20 billion, a PE ratio of 17.49, a price-to-earnings-growth ratio of 3.51 and a beta of -0.11. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81.

Northrop Grumman (NYSE:NOC) last issued its quarterly 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 net margin of 10.48% and a return on equity of 24.25%. The firm had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the previous year, the company earned $8.15 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, analysts expect that Northrop Grumman Corporation will post 28.97 EPS for the current year.

Northrop Grumman Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Monday, August 31st will be given a dividend of $2.47 per share. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, August 31st. Northrop Grumman’s dividend payout ratio (DPR) is presently 31.39%.

Insider Buying and Selling

In other news, Director Mark A. Welsh III sold 95 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $547.53, for a total transaction of $52,015.35. Following the completion of the transaction, the director directly owned 4,393 shares of the company’s stock, 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. Company insiders own 0.21% of the company’s stock.

Northrop Grumman News Summary

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

• Positive Sentiment: Northrop Grumman expects to win a “decent share” of the potentially massive Golden Dome missile-defense program. CEO Kathy Warden’s comments reinforce the company’s positioning in space-based defense, although contracts and award values have not yet been finalized. Northrop Grumman expects decent share of Golden Dome missile defense
• Positive Sentiment: The company is expanding its international defense business as allied nations increase military spending. International sales are rising, and management is targeting approximately $10 billion in annual international revenue by 2031, suggesting a potential long-term growth avenue beyond U.S. government demand. Is Northrop Grumman Expanding Its International Defense Business?
• Positive Sentiment: Management says Northrop is operating on a “wartime footing,” while geopolitical tensions and active conflicts are driving a global defense-spending boom. That backdrop could support demand for the company’s missile, space and other defense platforms. Northrop Grumman Is on a Wartime Footing, CEO Says
• Neutral Sentiment: Northrop Grumman maintained its quarterly dividend at $2.47 per share, payable September 16 to shareholders of record August 31. The steady payout supports income-focused investors, but the absence of a new increase provides little incremental catalyst. NOC Steady at $2.47: A Closer Look at Northrop Grumman Corporation’s Dividend Discipline
• Neutral Sentiment: A $1.55 billion U.S. rare-earth initiative could benefit defense contractors by strengthening strategic-material supply chains, but the direct financial effect on Northrop Grumman remains unclear. Why Trump’s $1.55 billion rare earth move matters for Northrop Grumman

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.