Northrop Grumman Corporation $NOC Position Trimmed by Tudor Financial Inc.

Key Points

• Tudor Financial cut its Northrop Grumman stake by 71.5% in the second quarter, leaving it with 2,140 shares valued at approximately $1.09 million. Overall, institutional investors own 83.4% of the company.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $661.30, although several firms recently lowered their targets. Northrop Grumman’s stock opened at $527.98, below its 50-day and 200-day moving averages.
• Northrop Grumman exceeded quarterly earnings expectations, reporting $7.68 EPS and $10.88 billion in revenue, while revenue grew 5.1% year over year. The company also declared a $2.47 quarterly dividend, equivalent to a 1.9% yield.

Tudor Financial Inc. decreased its holdings in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 71.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,140 shares of the aerospace company's stock after selling 5,365 shares during the period. Tudor Financial Inc.'s holdings in Northrop Grumman were worth $1,090,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Brighton Jones LLC lifted its position in Northrop Grumman by 176.3% in the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company's stock worth $1,394,000 after buying an additional 1,895 shares in the last quarter. Bison Wealth LLC grew its holdings in shares of Northrop Grumman by 5.3% during the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company's stock valued at $301,000 after acquiring an additional 32 shares in the last quarter. Woodline Partners LP increased its stake in shares of Northrop Grumman by 367.7% in the first quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company's stock worth $1,288,000 after acquiring an additional 1,978 shares during the last quarter. AXA S.A. increased its stake in shares of Northrop Grumman by 1,487.8% in the second quarter. AXA S.A. now owns 16,338 shares of the aerospace company's stock worth $8,169,000 after acquiring an additional 15,309 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Northrop Grumman by 6.7% during the second quarter. NewEdge Advisors LLC now owns 8,865 shares of the aerospace company's stock worth $4,432,000 after acquiring an additional 553 shares in the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on NOC shares. JPMorgan Chase & Co. reduced their price objective on Northrop Grumman from $635.00 to $600.00 and set a "neutral" rating for the company in a research report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft set a $615.00 price target on Northrop Grumman in a research note on Wednesday, July 22nd. The Goldman Sachs Group reduced their price target on Northrop Grumman from $603.00 to $533.00 and set a "neutral" rating for the company in a report on Tuesday, July 14th. Morgan Stanley set a $745.00 price target on Northrop Grumman in a research note on Wednesday, July 15th. Finally, Susquehanna dropped their price objective on Northrop Grumman from $785.00 to $655.00 and set a "positive" rating on the stock in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $661.30.

Insider Buying and Selling

In other news, Director Mark Welsh, III sold 95 shares of Northrop Grumman stock in a transaction that occurred 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 transaction, the director owned 4,393 shares of the company's stock, valued at $2,405,299.29. This trade represents a 2.12% decrease in their ownership of the stock. 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. 0.21% of the stock is currently owned by company insiders.

Northrop Grumman Price Performance

NYSE NOC opened at $527.98 on Friday. Northrop Grumman Corporation has a fifty-two week low of $479.02 and a fifty-two week high of $774.00. The stock's 50-day moving average is $544.36 and its two-hundred day moving average is $599.64. The firm has a market cap of $74.99 billion, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 3.07 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 (NYSE:NOC - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) 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 company had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the prior year, the company posted $8.15 EPS. The firm'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. On average, analysts anticipate that Northrop Grumman Corporation will post 28.97 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

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

Northrop Grumman 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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