State Street Corp Buys 168,267 Shares of Northrop Grumman Corporation $NOC

Key Points

• State Street increased its Northrop Grumman stake by 1.3%, buying 168,267 shares to hold 13.17 million shares worth approximately $6.71 billion. Institutional investors collectively own 83.4% of NOC.
• Northrop Grumman reported quarterly EPS of $7.68, exceeding the $6.82 consensus estimate, while revenue rose 5.1% year over year to $10.88 billion. The company reaffirmed fiscal 2026 EPS guidance of $28.60–$29.10.
• NOC shares traded around $509.77, well below their 12-month high of $774.00. Analysts maintain a “Moderate Buy” consensus with an average price target of $659.86, and the company pays a $9.88 annualized dividend yielding about 1.9%.

State Street Corp raised its position in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,169,195 shares of the aerospace company's stock after acquiring an additional 168,267 shares during the quarter. State Street Corp owned approximately 9.27% of Northrop Grumman worth $6,707,203,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NOC. Perkins Coie Trust Co purchased a new stake in Northrop Grumman in the second quarter worth about $29,000. Financial Life Planners purchased a new position in Northrop Grumman during the first quarter valued at $30,000. Plato Investment Management Ltd bought a new stake in Northrop Grumman in the second quarter worth $30,000. Navigoe LLC bought a new position in shares of Northrop Grumman during the second quarter valued at $30,000. Finally, Whipplewood Advisors LLC raised its position in shares of Northrop Grumman by 380.0% in the 1st quarter. Whipplewood Advisors LLC now owns 48 shares of the aerospace company's stock worth $33,000 after purchasing an additional 38 shares during the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Mark Welsh, III sold 95 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $547.53, for a total value of $52,015.35. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by corporate insiders.

Northrop Grumman Stock Performance

Shares of NYSE:NOC traded down $16.89 during midday trading on Tuesday, hitting $509.77. The company had a trading volume of 411,152 shares, compared to its average volume of 908,012. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06. The company has a market cap of $72.40 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 3.09 and a beta of -0.11. Northrop Grumman Corporation has a 12-month low of $479.02 and a 12-month high of $774.00. The company has a fifty day moving average of $542.34 and a two-hundred day moving average of $582.47.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.82 by $0.86. The business had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.80 billion. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.Northrop Grumman's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, equities research analysts expect that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Monday, August 31st were paid a $2.47 dividend. This represents a $9.88 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Monday, August 31st. Northrop Grumman's dividend payout ratio is presently 31.39%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NOC shares. Susquehanna reduced their price objective on shares of Northrop Grumman from $785.00 to $655.00 and set a "positive" rating for the company in a research note on Wednesday, July 22nd. UBS Group increased their price target on shares of Northrop Grumman from $685.00 to $704.00 and gave the company a "buy" rating in a report on Tuesday, September 8th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $620.00 price objective on shares of Northrop Grumman in a research report on Wednesday, July 8th. Morgan Stanley set a $745.00 target price on Northrop Grumman in a report on Wednesday, July 15th. Finally, TD Cowen boosted their price target on Northrop Grumman from $550.00 to $590.00 and gave the stock a "hold" rating in a research note on Wednesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $659.86.

Northrop Grumman Company Profile

Northrop Grumman Corporation is a global aerospace and defense company that develops and delivers systems, platforms and technologies for government and commercial customers. Its activities include the design and production of military aircraft, autonomous systems, spacecraft, launch vehicles, missile-defense systems, command-and-control networks, cyber solutions, sensors and other mission-critical technologies.

The company serves the U.S. Department of Defense, other U.S. government agencies and international customers.

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