Tudor Financial Inc. Sells 5,365 Shares of Northrop Grumman Corporation $NOC

Tudor Financial Inc. lowered its holdings in Northrop Grumman Corporation (NYSE:NOC) by 71.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,140 shares of the aerospace company’s stock after selling 5,365 shares during the quarter. Tudor Financial Inc.’s holdings in Northrop Grumman were worth $1,090,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Northrop Grumman in the second quarter valued at approximately $6,001,616,000. Bank of America Corp DE bought a new position in Northrop Grumman during the second quarter worth $1,298,141,000. Capital World Investors raised its stake in Northrop Grumman by 39.4% during the 4th quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock valued at $1,958,151,000 after purchasing an additional 970,029 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Northrop Grumman in the 2nd quarter valued at $376,135,000. Finally, Corient Private Wealth LP bought a new stake in Northrop Grumman in the 2nd quarter valued at $44,039,000. 83.40% of the stock is owned by institutional investors.

Northrop Grumman Price Performance

NYSE:NOC opened at $527.98 on Friday. The company has a 50-day moving average of $544.36 and a 200-day moving average of $599.64. The company has a market capitalization of $74.99 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 3.07 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) last issued its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share 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 net margin of 10.48% and a return on equity of 24.25%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, equities research 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 disclosed 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 presently 31.39%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Sanford C. Bernstein restated a “market perform” rating and set a $653.00 price objective on shares of Northrop Grumman in a report on Wednesday, August 5th. JPMorgan Chase & Co. reduced their target price on shares of Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. Weiss Ratings raised Northrop Grumman from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. Citigroup boosted their price target on Northrop Grumman from $617.00 to $667.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft set a $615.00 price objective on Northrop Grumman in a research report on Wednesday, July 22nd. One investment 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $661.30.

Insider Buying and Selling at Northrop Grumman

In other news, Director Mark Welsh, III sold 95 shares of the company’s stock in a transaction that occurred 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 sale, the director directly owned 4,393 shares in the company, valued at approximately $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 accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

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.