Corient Private Wealth LP Sells 18,252 Shares of Northrop Grumman Corporation $NOC

Key Points

• Corient Private Wealth reduced its Northrop Grumman stake by 24.8% in the second quarter, selling 18,252 shares and retaining 55,301 shares valued at approximately $28.2 million. Institutional investors own 83.4% of NOC.
• Northrop Grumman exceeded quarterly expectations, reporting $7.68 in EPS versus the $6.82 consensus and $10.88 billion in revenue, up 5.1% year over year. The company reaffirmed fiscal 2026 EPS guidance of $28.60–$29.10.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $662.25, while NOC recently traded at $518.19. The company also declared a $2.47 quarterly dividend, equivalent to a 1.9% annualized yield.

Corient Private Wealth LP lowered its holdings in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 24.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 55,301 shares of the aerospace company's stock after selling 18,252 shares during the period. Corient Private Wealth LP's holdings in Northrop Grumman were worth $28,166,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. Financial Life Planners acquired a new stake in Northrop Grumman in the 1st quarter worth about $30,000. Karpus Management Inc. acquired a new position in shares of Northrop Grumman in the 4th quarter valued at approximately $26,000. Whipplewood Advisors LLC raised its position in shares of Northrop Grumman by 380.0% in the 1st quarter. Whipplewood Advisors LLC now owns 48 shares of the aerospace company's stock valued at $33,000 after buying an additional 38 shares in the last quarter. Motiv8 Investments LLC bought a new stake in shares of Northrop Grumman during the 4th quarter worth approximately $30,000. Finally, EFG International AG acquired a new stake in shares of Northrop Grumman during the 4th quarter worth approximately $31,000. Institutional investors own 83.40% of the company's stock.

Insider Activity at Northrop Grumman

In other news, Director Mark Welsh, III sold 95 shares of Northrop Grumman stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $547.53, for a total value of $52,015.35. Following the completion of the sale, the director owned 4,393 shares in the company, valued at $2,405,299.29. The trade was a 2.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NOC has been the subject of several recent analyst reports. Morgan Stanley set a $745.00 target price on Northrop Grumman in a research note on Wednesday, July 15th. Robert W. Baird set a $500.00 target price on Northrop Grumman in a research note on Wednesday, July 22nd. Jefferies Financial Group dropped their target price on shares of Northrop Grumman from $620.00 to $580.00 and set a "hold" rating for the company in a report on Friday, June 26th. JPMorgan Chase & Co. reduced their price target on shares of Northrop Grumman from $635.00 to $600.00 and set a "neutral" rating on the stock in a research note on Thursday, July 23rd. Finally, The Goldman Sachs Group decreased 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. 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. Based on data from MarketBeat.com, Northrop Grumman has a consensus rating of "Moderate Buy" and an average price target of $662.25.

Northrop Grumman Price Performance

NOC stock opened at $518.19 on Monday. 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 firm has a market cap of $73.60 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 3.04 and a beta of -0.11. The company's fifty day simple moving average is $543.96 and its 200 day simple moving average is $591.11. Northrop Grumman Corporation has a 12-month low of $479.02 and a 12-month high of $774.00.

Northrop Grumman (NYSE:NOC - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, topping the consensus estimate of $6.82 by $0.86. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The firm had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same period last year, the company posted $8.15 EPS. The business's quarterly revenue 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 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, August 31st. This represents a $9.88 annualized dividend and a dividend yield of 1.9%. Northrop Grumman's dividend payout ratio (DPR) is 31.39%.

Northrop Grumman Company Profile

Northrop Grumman Corporation is a global aerospace and defense company that develops and delivers systems, platforms and technologies for government and commercial customers. Its activities include the design and production of military aircraft, autonomous systems, spacecraft, launch vehicles, missile-defense systems, command-and-control networks, cyber solutions, sensors and other mission-critical technologies.

The company serves the U.S. Department of Defense, other U.S. government agencies and international customers.

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