Perigon Wealth Management LLC Purchases New Position in Northrop Grumman Corporation $NOC

Key Points

• Perigon Wealth Management initiated a Northrop Grumman position in the second quarter, buying 4,810 shares valued at approximately $2.45 million. Institutional investors collectively own 83.4% of the company.
• Northrop Grumman beat quarterly earnings 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.
• The stock opened at $570.59, down 2.6%, while analysts maintained a “Moderate Buy” consensus with an average price target of $659.30. Recent ratings were mixed, including downgrades to “Hold” and price targets ranging from $500 to $620.

Perigon Wealth Management LLC acquired a new position in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,810 shares of the aerospace company's stock, valued at approximately $2,450,000.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Northrop Grumman by 176.3% in the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company's stock valued at $1,394,000 after buying an additional 1,895 shares during the period. Bison Wealth LLC raised its stake in Northrop Grumman by 5.3% during the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company's stock worth $301,000 after buying an additional 32 shares during the period. Woodline Partners LP raised its stake in Northrop Grumman by 367.7% during the 1st quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company's stock worth $1,288,000 after buying an additional 1,978 shares during the period. AXA S.A. lifted its holdings in Northrop Grumman by 1,487.8% during 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 in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in 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. Institutional investors and hedge funds own 83.40% of the company's stock.

Insider Buying and Selling

In related news, Director Mark A. Welsh III sold 95 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $547.53, for a total transaction of $52,015.35. Following the completion of the transaction, 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 sale 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. Insiders own 0.21% of the company's stock.

Northrop Grumman Stock Down 2.6%

NYSE:NOC opened at $570.59 on Tuesday. The stock has a 50-day simple moving average of $539.49 and a 200 day simple moving average of $612.84. Northrop Grumman Corporation has a 52-week low of $479.02 and a 52-week high of $774.00. The company has a market cap of $81.04 billion, a PE ratio of 18.13, a PEG ratio of 3.79 and a beta of -0.11. 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 released its earnings results 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 firm had revenue of $10.88 billion for the quarter, compared to analysts' expectations of $10.80 billion. During the same quarter in the previous year, the business posted $8.15 EPS. The business's quarterly 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. On average, sell-side analysts expect that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NOC has been the subject of several recent analyst reports. Wall Street Zen downgraded Northrop Grumman from a "strong-buy" rating to a "hold" rating in a report on Saturday, April 25th. Deutsche Bank Aktiengesellschaft set a $615.00 price objective on Northrop Grumman in a report on Wednesday, July 22nd. Robert W. Baird set a $500.00 price objective on Northrop Grumman in a research report on Wednesday, July 22nd. Wells Fargo & Company reissued an "overweight" rating and set a $620.00 target price on shares of Northrop Grumman in a research note on Wednesday, July 8th. Finally, Weiss Ratings downgraded shares of Northrop Grumman from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $659.30.

About Northrop Grumman

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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