German American Bancorp Inc. Buys Shares of 13,106 Northrop Grumman Corporation $NOC

Key Points

• German American Bancorp purchased 13,106 shares of Northrop Grumman worth approximately $6.7 million, while institutional investors and hedge funds collectively own 83.4% of the company.
• Northrop Grumman exceeded quarterly earnings expectations, reporting $7.68 in EPS versus the $6.82 consensus and $10.88 billion in revenue. The company expects fiscal 2026 EPS of $28.60–$29.10.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $659.30; Northrop also raised its quarterly dividend to $2.47 per share, implying a 1.7% yield.

German American Bancorp Inc. bought a new stake in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,106 shares of the aerospace company's stock, valued at approximately $6,675,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Life Planners acquired a new position in Northrop Grumman during the 1st quarter valued at approximately $30,000. Torren Management LLC acquired a new stake in Northrop Grumman in the fourth quarter worth $26,000. Karpus Management Inc. acquired a new stake in Northrop Grumman in the fourth quarter worth $26,000. Whipplewood Advisors LLC lifted its stake in Northrop Grumman by 380.0% in the first quarter. Whipplewood Advisors LLC now owns 48 shares of the aerospace company's stock valued at $33,000 after buying an additional 38 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Northrop Grumman in the fourth quarter valued at $29,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NOC. Citigroup upped their price target on shares of Northrop Grumman from $617.00 to $667.00 and gave the stock a "buy" rating in a research report on Thursday. Weiss Ratings downgraded Northrop Grumman from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday. Sanford C. Bernstein restated a "market perform" rating and issued a $653.00 target price on shares of Northrop Grumman in a report on Wednesday, August 5th. TD Cowen cut their target price on Northrop Grumman from $580.00 to $550.00 and set a "hold" rating on the stock in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. reduced their target price on Northrop Grumman from $635.00 to $600.00 and set a "neutral" rating for the company in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $659.30.

Northrop Grumman Stock Performance

NOC stock opened at $585.18 on Monday. The firm has a 50 day simple moving average of $538.88 and a 200 day simple moving average of $613.61. The stock has a market cap of $83.11 billion, a P/E ratio of 18.59, a P/E/G ratio of 3.79 and a beta of -0.11. Northrop Grumman Corporation has a 52 week low of $479.02 and a 52 week high of $774.00. 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 - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, topping analysts' consensus estimates of $6.82 by $0.86. The business had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. Northrop Grumman's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Research analysts anticipate that Northrop Grumman Corporation will post 28.97 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st were paid a dividend of $2.47 per share. This is a boost from Northrop Grumman's previous quarterly dividend of $2.31. The ex-dividend date of this dividend was Monday, June 1st. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.7%. Northrop Grumman's dividend payout ratio (DPR) is 31.39%.

Insider Buying and Selling at Northrop Grumman

In other news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $547.53, for a total transaction of $52,015.35. Following the completion of the sale, the director directly owned 4,393 shares in the company, valued at $2,405,299.29. The trade was a 2.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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.

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.

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