Northrop Grumman Corporation $NOC Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC trimmed its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 28.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,809 shares of the aerospace company’s stock after selling 1,137 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Northrop Grumman were worth $1,916,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NOC. Torren Management LLC purchased a new stake in shares of Northrop Grumman in the 4th quarter valued at approximately $26,000. Karpus Management Inc. purchased a new position in shares of Northrop Grumman during the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Northrop Grumman in the 4th quarter valued at approximately $29,000. Financial Life Planners acquired a new stake in Northrop Grumman in the 1st quarter valued at approximately $30,000. Finally, Motiv8 Investments LLC purchased a new stake in Northrop Grumman in the fourth quarter valued at approximately $30,000. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Northrop Grumman Trading Up 0.9%

NOC opened at $523.19 on Friday. Northrop Grumman Corporation has a one year low of $493.84 and a one year high of $774.00. The company has a market cap of $74.31 billion, a P/E ratio of 16.38, a PEG ratio of 3.53 and a beta of -0.10. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15. The business’s 50-day simple moving average is $538.07 and its 200-day simple moving average is $623.81.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share for the quarter, topping the consensus estimate of $6.06 by $0.08. The business had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.75 billion. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company earned $6.06 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, equities research analysts expect that Northrop Grumman Corporation will post 27.95 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st were issued a dividend of $2.47 per share. The ex-dividend date of this dividend was Monday, June 1st. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 dividend on an annualized basis and a yield of 1.9%. Northrop Grumman’s dividend payout ratio is 30.92%.

Key Headlines Impacting Northrop Grumman

Here are the key news stories impacting Northrop Grumman this week:

• Positive Sentiment: Defense stocks are benefiting from a broader sector rally as investors respond to expectations for stronger U.S. military spending, including a proposed $1.5 trillion defense budget backdrop. Northrop Grumman rises as defense-spending tailwinds and program momentum lift sentiment
• Positive Sentiment: Investor attention is building ahead of Northrop Grumman’s July 21 Q2 results, with a strong backlog and government contract momentum expected to support the quarter. Northrop Grumman to Post Q2 Earnings: Here’s What to Expect
• Positive Sentiment: Recent program news, including work tied to Sentinel infrastructure, is reinforcing the long-term growth story for strategic deterrence and aerospace missions. Northrop Grumman Planning To Add Hundreds Of Jobs For Sentinel
• Neutral Sentiment: Analyst commentary remains mixed-to-positive, with recent coverage focused on key earnings metrics and margin sensitivity, especially around the Sentinel program.
• Negative Sentiment: Insider trading data shows no open-market insider buying in the last six months, while several executives have sold shares, which may temper some enthusiasm.

Wall Street Analyst Weigh In

NOC has been the topic of several research reports. Weiss Ratings lowered Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. Raymond James Financial reiterated an “outperform” rating on shares of Northrop Grumman in a research note on Monday, June 15th. The Goldman Sachs Group reduced their price target on shares of Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a research report on Tuesday. Morgan Stanley set a $745.00 price objective on shares of Northrop Grumman in a research note on Wednesday. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $620.00 price objective on shares of Northrop Grumman in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $676.29.

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.