HORAN Wealth LLC Sells 6,771 Shares of Northrop Grumman Corporation $NOC

HORAN Wealth LLC reduced its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 47.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,369 shares of the aerospace company’s stock after selling 6,771 shares during the quarter. HORAN Wealth LLC’s holdings in Northrop Grumman were worth $3,753,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of NOC. Karpus Management Inc. bought a new position in Northrop Grumman during the 4th quarter worth approximately $26,000. Perkins Coie Trust Co bought a new stake in Northrop Grumman in the second quarter valued at approximately $29,000. Financial Life Planners bought a new stake in Northrop Grumman in the first quarter valued at approximately $30,000. Navigoe LLC acquired a new stake in Northrop Grumman in the second quarter worth $30,000. Finally, Plato Investment Management Ltd bought a new position in shares of Northrop Grumman during the second quarter worth $30,000. 83.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Robert W. Baird set a $500.00 price target on shares of Northrop Grumman in a report on Wednesday, July 22nd. Susquehanna decreased their target price on Northrop Grumman from $785.00 to $655.00 and set a “positive” rating for the company in a research note on Wednesday, July 22nd. Morgan Stanley set a $745.00 price target on shares of Northrop Grumman in a research note on Wednesday, July 15th. JPMorgan Chase & Co. dropped their price target on shares of Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating on the stock in a research report on Thursday, July 23rd. Finally, UBS Group upped their price objective on Northrop Grumman from $666.00 to $685.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Northrop Grumman presently has an average rating of “Moderate Buy” and a consensus target price of $661.30.

Insider Buying and Selling

In other news, Director Mark Welsh, III sold 95 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $547.53, for a total transaction of $52,015.35. Following the completion of 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 position. 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. Company insiders own 0.21% of the company’s stock.

Northrop Grumman Stock Performance

NYSE NOC opened at $513.89 on Monday. The company has a fifty day moving average price of $544.64 and a 200-day moving average price of $598.31. The firm has a market cap of $72.99 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 3.02 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 Corporation has a 1 year low of $479.02 and a 1 year high of $774.00.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, topping the consensus estimate of $6.82 by $0.86. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The business had revenue of $10.88 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the previous year, the company earned $8.15 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. 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 28.97 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Monday, August 31st will be given a dividend of $2.47 per share. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, August 31st. Northrop Grumman’s dividend payout ratio (DPR) is presently 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.