Corient Private Wealth LP Invests $44.04 Million in Northrop Grumman Corporation $NOC

Corient Private Wealth LP bought a new stake in Northrop Grumman Corporation (NYSE:NOC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 568,521 shares of the aerospace company’s stock, valued at approximately $44,039,000. Corient Private Wealth LP owned approximately 0.40% of Northrop Grumman as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Kestra Investment Management LLC increased its position in Northrop Grumman by 4.4% in the 4th quarter. Kestra Investment Management LLC now owns 353 shares of the aerospace company’s stock valued at $201,000 after acquiring an additional 15 shares in the last quarter. Evolution Wealth Management Inc. lifted its position in shares of Northrop Grumman by 6.8% during the fourth quarter. Evolution Wealth Management Inc. now owns 235 shares of the aerospace company’s stock worth $134,000 after purchasing an additional 15 shares in the last quarter. Diversified Portfolios Inc. grew its stake in shares of Northrop Grumman by 0.9% during the fourth quarter. Diversified Portfolios Inc. now owns 1,789 shares of the aerospace company’s stock valued at $1,020,000 after purchasing an additional 16 shares during the last quarter. South Plains Financial Inc. grew its stake in shares of Northrop Grumman by 1.8% during the fourth quarter. South Plains Financial Inc. now owns 896 shares of the aerospace company’s stock valued at $511,000 after purchasing an additional 16 shares during the last quarter. Finally, Tobias Financial Advisors Inc. increased its holdings in shares of Northrop Grumman by 4.7% in the fourth quarter. Tobias Financial Advisors Inc. now owns 379 shares of the aerospace company’s stock valued at $216,000 after purchasing an additional 17 shares in the last quarter. 83.40% of the stock is owned by institutional investors.

Northrop Grumman Trading Down 1.0%

Shares of NYSE NOC opened at $544.68 on Friday. The company’s 50 day simple moving average is $541.85 and its 200 day simple moving average is $605.19. Northrop Grumman Corporation has a fifty-two week low of $479.02 and a fifty-two week high of $774.00. The firm has a market capitalization of $77.36 billion, a P/E ratio of 17.30, a P/E/G ratio of 3.56 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) last released its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, topping analysts’ consensus estimates of $6.82 by $0.86. The firm had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, analysts predict that Northrop Grumman Corporation will post 28.97 EPS for the current year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Monday, August 31st will be issued a $2.47 dividend. This represents a $9.88 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Monday, August 31st. Northrop Grumman’s dividend payout ratio is currently 31.39%.

Analyst Ratings Changes

NOC has been the subject of several research analyst reports. Susquehanna dropped their price objective on shares of Northrop Grumman from $785.00 to $655.00 and set a “positive” rating for the company in a research report on Wednesday, July 22nd. Weiss Ratings lowered Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Wells Fargo & Company reissued an “overweight” rating and issued a $620.00 target price on shares of Northrop Grumman in a research note on Wednesday, July 8th. Morgan Stanley set a $745.00 target price on Northrop Grumman in a research report on Wednesday, July 15th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $653.00 price target on shares of Northrop Grumman in a research note on Wednesday, August 5th. One investment 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $661.30.

Insider Buying and Selling

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of the 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 owned 4,393 shares of the company’s stock, valued at approximately $2,405,299.29. This represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

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.