Envestnet Asset Management Inc. Increases Stake in Northrop Grumman Corporation $NOC

Key Points

• Envestnet Asset Management increased its Northrop Grumman stake by 4.2% in the second quarter, bringing its holdings to 221,000 shares valued at approximately $112.6 million. Institutional investors collectively own 83.4% of the company.
• Northrop Grumman reported quarterly revenue of $10.88 billion and adjusted earnings of $7.68 per share, exceeding analyst expectations. Revenue increased 5.1% year over year, and management provided fiscal 2026 EPS guidance of $28.60–$29.10.
• The company pays a quarterly dividend of $2.47, equivalent to $9.88 annually and a 1.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $658.29.

Envestnet Asset Management Inc. raised its position in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 221,000 shares of the aerospace company's stock after acquiring an additional 8,938 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.16% of Northrop Grumman worth $112,558,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Northrop Grumman in the second quarter worth about $6,001,616,000. Bank of America Corp DE purchased a new stake in Northrop Grumman in the second quarter worth $1,298,141,000. Capital World Investors raised its holdings in Northrop Grumman by 39.4% in the fourth quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company's stock worth $1,958,151,000 after purchasing an additional 970,029 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Northrop Grumman in the second quarter worth $376,135,000. Finally, Corient Private Wealth LP purchased a new position in Northrop Grumman during the second quarter valued at $44,039,000. 83.40% of the stock is owned by institutional investors.

Northrop Grumman Stock Up 0.2%

NOC stock opened at $510.16 on Friday. The stock has a market capitalization of $72.46 billion, a P/E ratio of 16.21, a P/E/G ratio of 2.98 and a beta of -0.11. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06. Northrop Grumman Corporation has a 1-year low of $479.02 and a 1-year high of $774.00. The business has a fifty day moving average price of $541.29 and a 200-day moving average price of $576.92.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, beating 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 company had revenue of $10.88 billion for the quarter, compared to analysts' expectations of $10.80 billion. During the same period last year, the firm posted $8.15 earnings per share. Northrop Grumman's 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 forecast that Northrop Grumman Corporation will post 28.97 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Monday, August 31st were issued a $2.47 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $9.88 annualized dividend and a dividend yield of 1.9%. Northrop Grumman's payout ratio is presently 31.39%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. UBS Group boosted their target price on shares of Northrop Grumman from $685.00 to $704.00 and gave the company a "buy" rating in a report on Tuesday, September 8th. Raymond James Financial reaffirmed an "outperform" rating on shares of Northrop Grumman in a research note on Monday, June 15th. Robert W. Baird set a $500.00 target price on shares of Northrop Grumman in a report on Wednesday, July 22nd. Sanford C. Bernstein reduced their price objective on Northrop Grumman from $653.00 to $620.00 and set a "market perform" rating for the company in a research report on Wednesday. Finally, The Goldman Sachs Group lowered their price objective on Northrop Grumman from $603.00 to $533.00 and set a "neutral" rating for the company in a research note on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $658.29.

Insider Activity at Northrop Grumman

In related news, Director Mark Welsh, III sold 95 shares of the company's 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 completion of the sale, the director owned 4,393 shares in the company, valued at approximately $2,405,299.29. This represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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.

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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