Sei Investments Co. Sells 7,571 Shares of Northrop Grumman Corporation $NOC

Key Points

• Sei Investments reduced its Northrop Grumman stake by 10.7%, selling 7,571 shares and retaining 63,088 shares valued at approximately $43 million. Institutional investors collectively own 83.4% of NOC.
• Northrop Grumman reported quarterly EPS of $7.68, exceeding the $6.82 consensus estimate, while revenue rose 5.1% year over year to $10.88 billion. The company also raised its quarterly dividend to $2.47 per share.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $655.24, though recent target adjustments show some uncertainty.

Sei Investments Co. decreased its stake in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 10.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,088 shares of the aerospace company's stock after selling 7,571 shares during the period. Sei Investments Co.'s holdings in Northrop Grumman were worth $43,034,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NOC. Capital World Investors lifted its position in shares of Northrop Grumman by 39.4% during 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. J. Stern & Co. LLP increased its holdings in shares of Northrop Grumman by 56,920.9% in the fourth quarter. J. Stern & Co. LLP now owns 421,955 shares of the aerospace company's stock valued at $240,603,000 after purchasing an additional 421,215 shares in the last quarter. Jennison Associates LLC raised its position in Northrop Grumman by 272.8% in the 4th quarter. Jennison Associates LLC now owns 401,664 shares of the aerospace company's stock worth $229,033,000 after purchasing an additional 293,909 shares during the last quarter. Vanguard Group Inc. raised its position in Northrop Grumman by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company's stock worth $7,835,097,000 after purchasing an additional 209,135 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings in Northrop Grumman by 1,086.5% during the 4th quarter. M&T Bank Corp now owns 192,583 shares of the aerospace company's stock worth $109,813,000 after buying an additional 176,352 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company's stock.

Wall Street Analyst Weigh In

NOC has been the topic of a number of recent research reports. Morgan Stanley set a $745.00 price objective on Northrop Grumman in a research report on Wednesday, July 15th. Robert W. Baird set a $500.00 target price on Northrop Grumman in a research report on Wednesday. BTIG Research reaffirmed a "buy" rating and set a $815.00 price target on shares of Northrop Grumman in a research note on Wednesday, April 22nd. UBS Group raised their price target on Northrop Grumman from $666.00 to $685.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Finally, Jefferies Financial Group lowered their price objective on Northrop Grumman from $620.00 to $580.00 and set a "hold" rating for the company in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $655.24.

More Northrop Grumman News

Here are the key news stories impacting Northrop Grumman this week:

• Positive Sentiment: Northrop Grumman’s Q2 earnings beat expectations, and the company lifted its full-year sales guidance while highlighting strong contract wins and a record backlog, reinforcing the investment case for the stock. Is Northrop Grumman (NOC) Undervalued As Earnings Beat And Guidance Rise?
• Positive Sentiment: Broader defense sector strength is helping sentiment, with defense ETFs benefiting from higher military spending, solid quarterly results across peers, and rising geopolitical tensions that could support future demand. Defense ETFs in Focus Amid Earnings, Conflict and Military Spending
• Positive Sentiment: Several articles and analyst notes say Northrop Grumman may still be undervalued or better positioned than other industrial names, which supports investor interest after the earnings report. How Much Could a $5,000 Investment in SpaceX Be Worth By 2030? Here's Why This Industrial Stock May Be a Better Buy Today.
• Neutral Sentiment: Analysts remain mixed, with UBS reportedly sticking to a Buy rating while TD Cowen and JPMorgan lowered price targets, suggesting expectations are still being recalibrated after earnings.
• Neutral Sentiment: Northrop Grumman also drew attention for its new robotic satellite servicing vehicle and mission extension pods, which may support long-term space systems growth but are not an immediate earnings driver. Northrop Grumman’s Mission Robotic Vehicle Launched Into Space; Operations Begin In 2027

Northrop Grumman Stock Performance

Shares of Northrop Grumman stock opened at $542.09 on Monday. The firm has a fifty day moving average of $535.81 and a two-hundred day moving average of $622.17. The stock has a market capitalization of $76.99 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 3.51 and a beta of -0.10. 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 posted its quarterly earnings results 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 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 the consensus estimate of $10.80 billion. During the same quarter in the prior year, the business posted $8.15 EPS. The firm's quarterly 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. As a group, equities research analysts predict that Northrop Grumman Corporation will post 28.98 EPS for the current year.

Northrop Grumman Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st were paid a $2.47 dividend. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from Northrop Grumman's previous quarterly dividend of $2.31. This represents a $9.88 annualized dividend and a yield of 1.8%. Northrop Grumman's payout ratio is currently 31.39%.

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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