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

Corient Private Wealth LP boosted its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 672.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 568,520 shares of the aerospace company’s stock after buying an additional 494,967 shares during the quarter. Corient Private Wealth LP owned approximately 0.40% of Northrop Grumman worth $289,553,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NOC. Pictet Asset Management Holding SA raised its stake in Northrop Grumman by 7.0% in the 1st quarter. Pictet Asset Management Holding SA now owns 61,436 shares of the aerospace company’s stock valued at $41,914,000 after acquiring an additional 4,041 shares during the period. New York State Teachers Retirement System boosted its position in Northrop Grumman by 9.7% during the fourth quarter. New York State Teachers Retirement System now owns 111,927 shares of the aerospace company’s stock worth $63,822,000 after purchasing an additional 9,924 shares during the period. Geode Capital Management LLC increased its holdings in shares of Northrop Grumman by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 3,149,478 shares of the aerospace company’s stock valued at $1,793,478,000 after purchasing an additional 17,948 shares during the last quarter. World Investment Advisors increased its holdings in shares of Northrop Grumman by 70.1% in the fourth quarter. World Investment Advisors now owns 4,497 shares of the aerospace company’s stock valued at $2,564,000 after purchasing an additional 1,853 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Northrop Grumman by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 158,958 shares of the aerospace company’s stock valued at $90,639,000 after purchasing an additional 2,025 shares during the period. Institutional investors own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Weiss Ratings cut shares of Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Robert W. Baird set a $500.00 price target on shares of Northrop Grumman in a research note on Wednesday, July 22nd. The Goldman Sachs Group lowered their price target on shares of Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. UBS Group raised their price objective on shares of Northrop Grumman from $666.00 to $685.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $653.00 price objective on shares of Northrop Grumman in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $661.30.

Northrop Grumman Stock Performance

Shares of NYSE:NOC opened at $550.61 on Thursday. Northrop Grumman Corporation has a 12-month low of $479.02 and a 12-month high of $774.00. The company’s 50 day moving average price is $541.40 and its two-hundred day moving average price is $606.36. The firm has a market cap of $78.20 billion, a PE ratio of 17.49, a PEG ratio of 3.51 and a beta of -0.11. The company has a quick ratio of 1.06, a current ratio of 1.17 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, beating the consensus estimate of $6.82 by $0.86. The business had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Equities research analysts predict that Northrop Grumman Corporation will post 28.97 earnings per share for the current year.

Northrop Grumman Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders 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 is Monday, August 31st. Northrop Grumman’s dividend payout ratio is presently 31.39%.

Insider Buying and Selling at Northrop Grumman

In other news, Director Mark A. Welsh III sold 95 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $2,405,299.29. This represents a 2.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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

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.