Corient Private Wealth LLC Sells 69,656 Shares of Northrop Grumman Corporation $NOC

Corient Private Wealth LLC lessened its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 49.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,851 shares of the aerospace company’s stock after selling 69,656 shares during the period. Corient Private Wealth LLC’s holdings in Northrop Grumman were worth $34,925,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of NOC. Soundwatch Capital LLC bought a new position in Northrop Grumman in the second quarter valued at approximately $6,457,274,000. Mawer Investment Management Ltd. bought a new stake in Northrop Grumman in the 2nd quarter valued at $491,985,000. T. Rowe Price Investment Management Inc. boosted its stake in Northrop Grumman by 1,425.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,001,198 shares of the aerospace company’s stock worth $512,624,000 after purchasing an additional 935,554 shares during the period. AQR Capital Management LLC increased its holdings in Northrop Grumman by 98.8% during the 1st quarter. AQR Capital Management LLC now owns 899,114 shares of the aerospace company’s stock worth $460,355,000 after purchasing an additional 446,940 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in Northrop Grumman by 11.8% during the 2nd quarter. Franklin Resources Inc. now owns 2,933,061 shares of the aerospace company’s stock worth $1,466,472,000 after purchasing an additional 308,680 shares in the last quarter. 83.40% of the stock is owned by institutional investors.

Northrop Grumman Trading Down 1.2%

NYSE NOC opened at $568.94 on Wednesday. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $640.90. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. The stock has a 50 day moving average of $578.22 and a 200-day moving average of $561.44. The company has a market cap of $81.20 billion, a PE ratio of 20.47, a PEG ratio of 4.98 and a beta of 0.05.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.43 by $1.24. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The firm had revenue of $10.42 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same period in the prior year, the firm posted $7.00 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, equities research analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Monday, December 1st will be issued a dividend of $2.31 per share. The ex-dividend date is Monday, December 1st. This represents a $9.24 dividend on an annualized basis and a yield of 1.6%. Northrop Grumman’s dividend payout ratio (DPR) is presently 33.24%.

Analyst Ratings Changes

A number of analysts have recently commented on NOC shares. JPMorgan Chase & Co. boosted their price target on Northrop Grumman from $575.00 to $640.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Morgan Stanley restated an “overweight” rating and issued a $714.00 target price on shares of Northrop Grumman in a research note on Tuesday. Alembic Global Advisors raised shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $662.00 price target for the company in a research note on Monday. BNP Paribas Exane initiated coverage on shares of Northrop Grumman in a report on Tuesday, November 18th. They set an “outperform” rating and a $710.00 target price for the company. Finally, BNP Paribas raised shares of Northrop Grumman to a “strong-buy” rating in a research report on Tuesday, November 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Northrop Grumman has a consensus rating of “Moderate Buy” and a consensus target price of $651.18.

Insiders Place Their Bets

In other Northrop Grumman news, Director Mark A. Welsh III sold 97 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $564.08, for a total transaction of $54,715.76. Following the transaction, the director owned 4,281 shares of the company’s stock, valued at $2,414,826.48. The trade was a 2.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is currently owned by company insiders.

Northrop Grumman Profile

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company’s Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.