Wellington Management Group LLP Sells 37,879 Shares of Northrop Grumman Corporation $NOC

Wellington Management Group LLP reduced its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 0.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,932,780 shares of the aerospace company’s stock after selling 37,879 shares during the quarter. Wellington Management Group LLP owned approximately 3.47% of Northrop Grumman worth $2,512,314,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NOC. Pictet Asset Management Holding SA grew its stake in Northrop Grumman by 7.0% during the first quarter. Pictet Asset Management Holding SA now owns 61,436 shares of the aerospace company’s stock worth $41,914,000 after purchasing an additional 4,041 shares during the period. New York State Teachers Retirement System lifted its stake in Northrop Grumman by 9.7% in the fourth quarter. New York State Teachers Retirement System now owns 111,927 shares of the aerospace company’s stock valued at $63,822,000 after buying an additional 9,924 shares during the period. Geode Capital Management LLC lifted its stake in Northrop Grumman by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 3,149,478 shares of the aerospace company’s stock valued at $1,793,478,000 after buying an additional 17,948 shares during the period. World Investment Advisors boosted its stake in Northrop Grumman by 70.1% during the fourth quarter. World Investment Advisors now owns 4,497 shares of the aerospace company’s stock worth $2,564,000 after acquiring an additional 1,853 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Northrop Grumman by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 158,958 shares of the aerospace company’s stock valued at $90,639,000 after buying an additional 2,025 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on NOC shares. JPMorgan Chase & Co. reduced their price target on shares of Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating for the company in a research report on Thursday, July 23rd. The Goldman Sachs Group reduced their price objective on Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. Weiss Ratings upgraded shares of Northrop Grumman from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Raymond James Financial restated an “outperform” rating on shares of Northrop Grumman in a report on Monday, June 15th. Finally, Citigroup lifted their price objective on shares of Northrop Grumman from $617.00 to $667.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $661.30.

Insiders Place Their Bets

In related news, Director Mark A. Welsh III sold 95 shares of the firm’s stock in a transaction that occurred 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 sale, the director directly owned 4,393 shares of the company’s stock, valued at $2,405,299.29. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by corporate insiders.

Northrop Grumman Trading Up 0.1%

NYSE:NOC opened at $545.83 on Friday. Northrop Grumman Corporation has a 1 year low of $479.02 and a 1 year high of $774.00. The stock’s fifty day moving average price is $542.33 and its two-hundred day moving average price is $604.78. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06. The company has a market cap of $77.52 billion, a P/E ratio of 17.34, a P/E/G ratio of 3.53 and a beta of -0.11.

Northrop Grumman (NYSE:NOC) last posted its 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. The business had revenue of $10.88 billion during 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%.The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, analysts expect that Northrop Grumman Corporation will post 28.97 EPS for the current year.

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Monday, August 31st will be paid 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%.

Northrop Grumman 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.