MidFirst Bank Acquires Shares of 975 Northrop Grumman Corporation $NOC

MidFirst Bank bought a new position in Northrop Grumman Corporation (NYSE:NOC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 975 shares of the aerospace company’s stock, valued at approximately $556,000.

Several other hedge funds have also recently made changes to their positions in the company. Kestra Investment Management LLC increased its holdings in Northrop Grumman by 4.4% in the 4th quarter. Kestra Investment Management LLC now owns 353 shares of the aerospace company’s stock worth $201,000 after acquiring an additional 15 shares during the last quarter. Evolution Wealth Management Inc. lifted its holdings in Northrop Grumman by 6.8% during the fourth quarter. Evolution Wealth Management Inc. now owns 235 shares of the aerospace company’s stock valued at $134,000 after purchasing an additional 15 shares during the last quarter. Howard Financial Services LTD. lifted its holdings in Northrop Grumman by 1.4% during the fourth quarter. Howard Financial Services LTD. now owns 1,143 shares of the aerospace company’s stock valued at $651,000 after purchasing an additional 16 shares during the last quarter. Frank Rimerman Advisors LLC boosted its position in Northrop Grumman by 0.8% during the fourth quarter. Frank Rimerman Advisors LLC now owns 1,973 shares of the aerospace company’s stock worth $1,125,000 after purchasing an additional 16 shares during the period. Finally, Capital Advisors Ltd. LLC boosted its position in Northrop Grumman by 0.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 4,012 shares of the aerospace company’s stock worth $2,288,000 after purchasing an additional 16 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NOC shares. Weiss Ratings lowered shares of Northrop Grumman from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Wall Street Zen lowered shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Saturday, April 25th. Morgan Stanley lowered their target price on shares of Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. BTIG Research reissued a “buy” rating and set a $815.00 price objective on shares of Northrop Grumman in a report on Wednesday, April 22nd. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Northrop Grumman in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $702.63.

Northrop Grumman Stock Up 0.1%

Shares of NYSE NOC opened at $521.85 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.04 and a debt-to-equity ratio of 0.84. The business has a 50-day moving average of $574.00 and a 200-day moving average of $629.31. The firm has a market capitalization of $74.12 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 3.56 and a beta of -0.12. Northrop Grumman Corporation has a 12 month low of $481.28 and a 12 month high of $774.00.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share for the quarter, beating analysts’ consensus estimates of $6.06 by $0.08. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The business had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.75 billion. During the same period last year, the firm posted $6.06 earnings per share. Northrop Grumman’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. Sell-side analysts expect that Northrop Grumman Corporation will post 27.93 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

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

Northrop Grumman Company 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.