Teamwork Financial Advisors LLC Cuts Position in Northrop Grumman Corporation $NOC

Teamwork Financial Advisors LLC cut its stake in Northrop Grumman Corporation (NYSE:NOC) by 78.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,960 shares of the aerospace company’s stock after selling 11,010 shares during the period. Teamwork Financial Advisors LLC’s holdings in Northrop Grumman were worth $1,508,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NOC. Torren Management LLC bought a new stake in Northrop Grumman during the fourth quarter worth about $26,000. Karpus Management Inc. purchased a new position in shares of Northrop Grumman in the 4th quarter worth about $26,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Northrop Grumman during the 4th quarter valued at about $29,000. Financial Life Planners bought a new position in shares of Northrop Grumman during the 1st quarter valued at about $30,000. Finally, Motiv8 Investments LLC purchased a new position in shares of Northrop Grumman during the 4th quarter valued at about $30,000. Institutional investors own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NOC shares. Robert W. Baird set a $500.00 target price on Northrop Grumman in a research report on Wednesday, July 22nd. The Goldman Sachs Group reduced their price target on shares of Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. UBS Group lifted their price target on shares of Northrop Grumman from $666.00 to $685.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Morgan Stanley set a $745.00 price objective on shares of Northrop Grumman in a report on Wednesday, July 15th. Finally, Susquehanna cut 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 note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $655.30.

Insider Activity

In related news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction 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 directly owned 4,393 shares of the company’s stock, valued at $2,405,299.29. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Trading Up 0.6%

Shares of NOC stock opened at $571.06 on Friday. The stock has a market capitalization of $81.11 billion, a PE ratio of 18.14, a P/E/G ratio of 3.68 and a beta of -0.11. Northrop Grumman Corporation has a 1-year low of $479.02 and a 1-year high of $774.00. The business has a 50-day moving average of $534.89 and a 200 day moving average of $617.00. 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 posted 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. The business had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.80 billion. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.Northrop Grumman’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, sell-side analysts anticipate that Northrop Grumman Corporation will post 28.97 earnings per share for the current year.

Northrop Grumman Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st were issued a $2.47 dividend. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Monday, June 1st. Northrop Grumman’s dividend payout ratio (DPR) is 31.39%.

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.