Midwest Trust Co Increases Holdings in Northrop Grumman Corporation $NOC

Midwest Trust Co boosted its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 1.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,035 shares of the aerospace company’s stock after purchasing an additional 959 shares during the quarter. Midwest Trust Co’s holdings in Northrop Grumman were worth $51,874,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Capital World Investors grew its position in shares of Northrop Grumman by 39.4% during the 4th quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock worth $1,958,151,000 after buying an additional 970,029 shares in the last quarter. J. Stern & Co. LLP raised its holdings in shares of Northrop Grumman by 56,920.9% in the fourth quarter. J. Stern & Co. LLP now owns 421,955 shares of the aerospace company’s stock valued at $240,603,000 after acquiring an additional 421,215 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Northrop Grumman by 272.8% in the fourth quarter. Jennison Associates LLC now owns 401,664 shares of the aerospace company’s stock valued at $229,033,000 after acquiring an additional 293,909 shares in the last quarter. Holocene Advisors LP purchased a new stake in Northrop Grumman in the third quarter worth about $137,280,000. Finally, Vanguard Group Inc. grew its holdings in Northrop Grumman by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock worth $7,835,097,000 after acquiring an additional 209,135 shares in the last quarter. 83.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on NOC. UBS Group cut their target price on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Wall Street Zen downgraded shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Saturday, April 25th. Wells Fargo & Company reissued an “overweight” rating and set a $620.00 price objective on shares of Northrop Grumman in a report on Wednesday. Jefferies Financial Group reduced their price objective on shares of Northrop Grumman from $620.00 to $580.00 and set a “hold” rating for the company in a research note on Friday, June 26th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Northrop Grumman in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $688.89.

Northrop Grumman Stock Up 1.4%

Shares of Northrop Grumman stock traded up $7.26 on Friday, reaching $539.49. The stock had a trading volume of 455,716 shares, compared to its average volume of 991,342. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $76.62 billion, a P/E ratio of 16.89, a P/E/G ratio of 3.65 and a beta of -0.10. The company has a 50 day moving average price of $541.29 and a 200 day moving average price of $625.68. Northrop Grumman Corporation has a 1 year low of $493.84 and a 1 year high of $774.00.

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

Northrop Grumman Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, June 1st were given a dividend of $2.47 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $9.88 annualized dividend and a yield of 1.8%. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s dividend payout ratio is currently 30.92%.

Northrop Grumman News Summary

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

• Positive Sentiment: NATO’s plan to acquire up to five Northrop Grumman MQ-4C Triton drones reinforces demand for the company’s surveillance and maritime security platforms, a potential tailwind for future revenue. Northrop Grumman (NOC) Wins NATO Backing For Up To Five Triton Drones
• Positive Sentiment: Analysts continue to view Northrop Grumman as reasonably attractive, with a consensus rating of “Moderate Buy,” which can help support investor confidence ahead of the next earnings report. Northrop Grumman Corporation (NYSE:NOC) Receives Consensus Rating of “Moderate Buy” from Analysts
• Positive Sentiment: Several articles argue Northrop is positioned to beat earnings estimates again, citing its history of topping expectations and favorable setup for the upcoming quarterly report. Why Northrop Grumman (NOC) is Poised to Beat Earnings Estimates Again
• Neutral Sentiment: Market commentary and valuation-focused pieces suggest the stock may be fairly priced after a strong multi-year run, which could limit upside unless earnings or contract growth surprise to the upside. Northrop Grumman (NOC) Stock Looks Fairly Priced Following A 62% Run
• Negative Sentiment: Some recent commentary highlights cost and capital spending concerns, which could weigh on margins if defense program execution becomes more expensive. Northrop Grumman (NOC) After Talpins Interest And Cost Concerns, Bargain Or Fairly Valued?

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.