Ieq Capital LLC Decreases Stake in Northrop Grumman Corporation $NOC

Key Points

• Ieq Capital reduced its Northrop Grumman stake by 83.1% in the second quarter, leaving the firm with 709 shares valued at approximately $361,000. Institutional investors and hedge funds collectively own 83.4% of the company.
• Northrop Grumman reported quarterly earnings of $7.68 per share, beating estimates of $6.82, while revenue rose 5.1% year over year to $10.88 billion. The company maintained fiscal 2026 EPS guidance of $28.60–$29.10.
• The company declared a quarterly dividend of $2.47 per share, equivalent to an annualized $9.88 payout and a 1.8% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $661.30.

Ieq Capital LLC lessened its holdings in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 83.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 709 shares of the aerospace company's stock after selling 3,481 shares during the period. Ieq Capital LLC's holdings in Northrop Grumman were worth $361,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Torren Management LLC purchased a new position in shares of Northrop Grumman in the 4th quarter valued at about $26,000. Karpus Management Inc. acquired a new stake in shares of Northrop Grumman in the fourth quarter valued at about $26,000. Perkins Coie Trust Co purchased a new stake in Northrop Grumman during the second quarter worth about $29,000. Financial Life Planners acquired a new position in Northrop Grumman during the first quarter worth about $30,000. Finally, Navigoe LLC acquired a new position in Northrop Grumman during the second quarter worth about $30,000. Institutional investors and hedge funds own 83.40% of the company's stock.

Northrop Grumman Trading Up 0.1%

Shares of NOC stock opened at $545.83 on Friday. Northrop Grumman Corporation has a twelve month low of $479.02 and a twelve month high of $774.00. The company has a market capitalization of $77.52 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 3.53 and a beta of -0.11. The firm has a 50-day moving average price of $542.33 and a 200 day moving average price of $604.78. 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 - 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, beating 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 business had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the previous year, the business posted $8.15 earnings per share. The company's 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. Research analysts forecast that Northrop Grumman Corporation will post 28.97 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders 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 yield of 1.8%. The ex-dividend date of this dividend is Monday, August 31st. Northrop Grumman's payout ratio is 31.39%.

Insider Activity at Northrop Grumman

In other news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $547.53, for a total value of $52,015.35. Following the transaction, the director directly owned 4,393 shares of the company's stock, valued at $2,405,299.29. The trade was a 2.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Citigroup upped their price target on Northrop Grumman from $617.00 to $667.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. JPMorgan Chase & Co. decreased their target price on Northrop Grumman from $635.00 to $600.00 and set a "neutral" rating on the stock in a research report on Thursday, July 23rd. TD Cowen raised their price target on Northrop Grumman from $550.00 to $590.00 and gave the company a "hold" rating in a research report on Wednesday, August 19th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $620.00 price target on shares of Northrop Grumman in a research note on Wednesday, July 8th. Finally, Weiss Ratings upgraded shares of Northrop Grumman from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $661.30.

Northrop Grumman Company 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.

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