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

HORAN Wealth LLC decreased its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 47.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & 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 quarter.

A number of other large investors also recently modified their holdings of the business. Financial Life Planners bought a new position in Northrop Grumman during the first quarter worth $30,000. Karpus Management Inc. acquired a new position in shares of Northrop Grumman during the fourth quarter valued at about $26,000. Whipplewood Advisors LLC raised its position in shares of Northrop Grumman by 380.0% during the first quarter. Whipplewood Advisors LLC now owns 48 shares of the aerospace company’s stock valued at $33,000 after buying an additional 38 shares during the last quarter. Motiv8 Investments LLC bought a new stake in shares of Northrop Grumman in the fourth quarter valued at about $30,000. Finally, EFG International AG acquired a new stake in Northrop Grumman during the fourth quarter worth about $31,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Northrop Grumman

In related news, Director Mark Welsh, III sold 95 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $547.53, for a total value of $52,015.35. Following the transaction, the director owned 4,393 shares in the company, valued at $2,405,299.29. This trade represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by insiders.

Northrop Grumman Stock Down 0.2%

Shares of NYSE:NOC opened at $513.89 on Monday. Northrop Grumman Corporation has a 12 month low of $479.02 and a 12 month high of $774.00. The company’s 50-day moving average price is $544.64 and its two-hundred day moving average price is $598.31. The firm has a market cap of $72.99 billion, a P/E ratio of 16.32, a P/E/G ratio of 3.02 and a beta of -0.11. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, beating 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 prior year, the firm earned $8.15 earnings per share. Northrop Grumman’s revenue 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, research analysts forecast that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Monday, August 31st will be paid a $2.47 dividend. This represents a $9.88 annualized dividend 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 31.39%.

Analysts Set New Price Targets

NOC has been the subject of a number of research reports. 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 report on Tuesday, July 14th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $653.00 target price on shares of Northrop Grumman in a research report on Wednesday, August 5th. Morgan Stanley set a $745.00 price target on shares of Northrop Grumman in a report on Wednesday, July 15th. TD Cowen raised their price objective on shares of Northrop Grumman from $550.00 to $590.00 and gave the stock a “hold” rating in a report on Wednesday, August 19th. Finally, Weiss Ratings raised shares of Northrop Grumman from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $661.30.

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.