2,172 Shares in Northrop Grumman Corporation $NOC Purchased by Principle Wealth Partners LLC

Principle Wealth Partners LLC purchased a new position in shares of Northrop Grumman Corporation (NYSE:NOC) during the second quarter, Holdings Channel reports. The firm purchased 2,172 shares of the aerospace company’s stock, valued at approximately $1,106,000.

Several other institutional investors also recently bought and sold shares of the business. Torren Management LLC purchased a new stake in shares of Northrop Grumman in the fourth quarter valued at approximately $26,000. Karpus Management Inc. acquired a new position in shares of Northrop Grumman during the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Northrop Grumman during the 4th quarter valued at approximately $29,000. Perkins Coie Trust Co purchased a new position in shares of Northrop Grumman during the 2nd quarter valued at approximately $29,000. Finally, Financial Life Planners acquired a new stake in Northrop Grumman in the 1st quarter valued at $30,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on NOC. Susquehanna cut their price target on shares of Northrop Grumman from $785.00 to $655.00 and set a “positive” rating for the company in a report on Wednesday, July 22nd. Morgan Stanley set a $745.00 price objective on shares of Northrop Grumman in a report on Wednesday, July 15th. Citigroup lifted their target price on shares of Northrop Grumman from $617.00 to $667.00 and gave the company a “buy” rating in a research report on Thursday. Wall Street Zen cut shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $659.30.

Insider Activity at Northrop Grumman

In other news, Director Mark A. Welsh III sold 95 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $547.53, for a total value of $52,015.35. Following the transaction, the director directly 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 filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by company insiders.

Northrop Grumman Stock Down 2.6%

Shares of NOC opened at $570.59 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.17. Northrop Grumman Corporation has a one year low of $479.02 and a one year high of $774.00. The stock has a market capitalization of $81.04 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 3.79 and a beta of -0.11. The stock has a 50 day moving average price of $539.49 and a 200 day moving average price of $612.84.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data 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. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The company had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter last year, the firm posted $8.15 EPS. The firm’s revenue for the quarter 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 research analysts forecast that Northrop Grumman Corporation will post 28.97 earnings per share for the current fiscal year.

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.