SkyOak Wealth LLC Raises Position in Northrop Grumman Corporation $NOC

SkyOak Wealth LLC boosted its holdings in Northrop Grumman Corporation (NYSE:NOC) by 412.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,615 shares of the aerospace company’s stock after purchasing an additional 1,300 shares during the period. SkyOak Wealth LLC’s holdings in Northrop Grumman were worth $823,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Karpus Management Inc. bought a new stake in shares of Northrop Grumman in the 4th quarter valued at about $26,000. Perkins Coie Trust Co purchased a new stake in Northrop Grumman during the 2nd quarter valued at about $29,000. Financial Life Planners bought a new position in Northrop Grumman during the 1st quarter worth approximately $30,000. Navigoe LLC bought a new position in Northrop Grumman during the 2nd quarter worth approximately $30,000. Finally, Plato Investment Management Ltd purchased a new position in Northrop Grumman in the 2nd quarter worth approximately $30,000. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Northrop Grumman Price Performance

Shares of NOC stock opened at $532.40 on Wednesday. The firm has a market cap of $75.62 billion, a P/E ratio of 16.91, a P/E/G ratio of 3.49 and a beta of -0.11. Northrop Grumman Corporation has a fifty-two week low of $479.02 and a fifty-two week high of $774.00. The business’s 50 day moving average price is $543.37 and its 200-day moving average price is $602.06. 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 (NYSE:NOC) last announced its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 EPS 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 during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the prior year, the company earned $8.15 earnings per share. 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. On average, equities research analysts anticipate that Northrop Grumman Corporation will post 28.97 earnings per share for the current year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Monday, August 31st will be issued a $2.47 dividend. 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 31.39%.

Insider Buying and Selling

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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible 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.

Analyst Ratings Changes

NOC has been the subject of a number of analyst reports. JPMorgan Chase & Co. dropped their price objective on Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. 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. The Goldman Sachs Group lowered their price target on shares of Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. Sanford C. Bernstein reissued a “market perform” rating and set a $653.00 price target on shares of Northrop Grumman in a research report on Wednesday, August 5th. Finally, Robert W. Baird set a $500.00 price target on shares of Northrop Grumman 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $661.30.

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.