NewEdge Advisors LLC Has $11.81 Million Stock Holdings in Northrop Grumman Corporation $NOC

NewEdge Advisors LLC decreased its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 12.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,195 shares of the aerospace company’s stock after selling 3,188 shares during the quarter. NewEdge Advisors LLC’s holdings in Northrop Grumman were worth $11,813,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NOC. Brighton Jones LLC grew its holdings in shares of Northrop Grumman by 176.3% in the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock valued at $1,394,000 after buying an additional 1,895 shares during the period. Bison Wealth LLC raised its stake in Northrop Grumman by 5.3% during the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock worth $301,000 after buying an additional 32 shares during the period. Woodline Partners LP lifted its holdings in Northrop Grumman by 367.7% during the first quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company’s stock worth $1,288,000 after acquiring an additional 1,978 shares in the last quarter. AXA S.A. lifted its holdings in Northrop Grumman by 1,487.8% during the second quarter. AXA S.A. now owns 16,338 shares of the aerospace company’s stock worth $8,169,000 after acquiring an additional 15,309 shares in the last quarter. Finally, Glenview Trust co lifted its holdings in Northrop Grumman by 2.5% during the second quarter. Glenview Trust co now owns 1,917 shares of the aerospace company’s stock worth $958,000 after acquiring an additional 47 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NOC. Citigroup increased their price target on Northrop Grumman from $617.00 to $667.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. TD Cowen lifted their price objective on Northrop Grumman from $550.00 to $590.00 and gave the company a “hold” rating in a report on Wednesday, August 19th. Raymond James Financial reiterated an “outperform” rating on shares of Northrop Grumman in a research report on Monday, June 15th. Deutsche Bank Aktiengesellschaft set a $615.00 target price on Northrop Grumman in a research note on Wednesday, July 22nd. Finally, Jefferies Financial Group dropped their target price on shares of Northrop Grumman from $620.00 to $580.00 and set a “hold” rating on the stock in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Northrop Grumman has a consensus rating of “Moderate Buy” and an average price target of $662.25.

Northrop Grumman Stock Performance

Shares of Northrop Grumman stock opened at $518.19 on Friday. 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 firm has a market cap of $73.60 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 3.04 and a beta of -0.11. The stock’s 50-day moving average is $543.96 and its 200-day moving average is $592.05. Northrop Grumman Corporation has a one year low of $479.02 and a one year high of $774.00.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.82 by $0.86. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The business had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the company earned $8.15 earnings per share. Northrop Grumman’s quarterly revenue was up 5.1% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Equities analysts predict that Northrop Grumman Corporation will post 28.97 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Monday, August 31st will be issued a dividend of $2.47 per share. The ex-dividend date is Monday, August 31st. This represents a $9.88 annualized dividend and a yield of 1.9%. Northrop Grumman’s dividend payout ratio is presently 31.39%.

Insiders Place Their Bets

In related news, Director Mark Welsh, III sold 95 shares of the firm’s 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 completion of the transaction, the director owned 4,393 shares of the company’s stock, valued at approximately $2,405,299.29. This trade represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

About Northrop Grumman

Northrop Grumman Corporation is a global aerospace and defense company that develops and delivers systems, platforms and technologies for government and commercial customers. Its activities include the design and production of military aircraft, autonomous systems, spacecraft, launch vehicles, missile-defense systems, command-and-control networks, cyber solutions, sensors and other mission-critical technologies.

The company serves the U.S. Department of Defense, other U.S. government agencies and international customers.