NewEdge Advisors LLC Sells 3,188 Shares of Northrop Grumman Corporation $NOC

Key Points

• NewEdge Advisors reduced its Northrop Grumman stake by 12.1% in the second quarter, selling 3,188 shares and retaining 23,195 shares valued at approximately $11.8 million. Institutional investors collectively own 83.4% of the company.
• Northrop Grumman reported quarterly EPS of $7.68, exceeding estimates of $6.82, while revenue rose 5.1% year over year to $10.88 billion. The company’s fiscal 2026 EPS guidance is $28.60–$29.10.
• The company announced a quarterly dividend of $2.47 per share, equivalent to an annualized $9.88 payout and a 1.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $662.25.

NewEdge Advisors LLC lessened its holdings in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 12.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 23,195 shares of the aerospace company's stock after selling 3,188 shares during the period. NewEdge Advisors LLC's holdings in Northrop Grumman were worth $11,813,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new position in shares of Northrop Grumman in the 1st quarter valued at $30,000. Karpus Management Inc. acquired a new position in Northrop Grumman in the fourth quarter worth about $26,000. Whipplewood Advisors LLC lifted its stake in Northrop Grumman by 380.0% during the first quarter. Whipplewood Advisors LLC now owns 48 shares of the aerospace company's stock worth $33,000 after purchasing an additional 38 shares during the period. Motiv8 Investments LLC bought a new stake in Northrop Grumman in the fourth quarter valued at $30,000. Finally, EFG International AG acquired a new position in Northrop Grumman during the fourth quarter worth $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 the stock in a transaction on 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 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 document filed with the SEC, which is available 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 Stock Down 0.1%

NYSE NOC opened at $518.19 on Friday. The stock has a fifty day moving average of $543.96 and a 200-day moving average of $592.05. The stock has a market capitalization of $73.60 billion, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 3.04 and a beta of -0.11. Northrop Grumman Corporation has a 52 week low of $479.02 and a 52 week high of $774.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.17.

Northrop Grumman (NYSE:NOC - Get Free Report) 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 for the quarter, compared to analyst estimates 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 quarter in the prior year, the firm posted $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, equities research analysts forecast that Northrop Grumman Corporation will post 28.97 EPS for the current year.

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Monday, August 31st will be issued a dividend of $2.47 per share. This represents a $9.88 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, August 31st. Northrop Grumman's payout ratio is currently 31.39%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NOC. Morgan Stanley set a $745.00 price objective on shares of Northrop Grumman in a research note on Wednesday, July 15th. Wells Fargo & Company reissued an "overweight" rating and issued a $620.00 target price on shares of Northrop Grumman in a report on Wednesday, July 8th. TD Cowen increased their price target on Northrop Grumman from $550.00 to $590.00 and gave the stock a "hold" rating in a research report on Wednesday, August 19th. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $653.00 price target on shares of Northrop Grumman in a report on Wednesday, August 5th. Finally, Weiss Ratings downgraded Northrop Grumman from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Northrop Grumman presently has a consensus rating of "Moderate Buy" and a consensus price target of $662.25.

About Northrop Grumman

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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