MidFirst Bank Invests $497,000 in Northrop Grumman Corporation $NOC

MidFirst Bank bought a new stake in Northrop Grumman Corporation (NYSE:NOC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 976 shares of the aerospace company’s stock, valued at approximately $497,000.

Several other hedge funds also recently modified their holdings of NOC. Pictet Asset Management Holding SA boosted its holdings in Northrop Grumman by 7.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 61,436 shares of the aerospace company’s stock worth $41,914,000 after acquiring an additional 4,041 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Northrop Grumman by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock valued at $7,835,097,000 after purchasing an additional 209,135 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of Northrop Grumman by 9.7% in the fourth quarter. New York State Teachers Retirement System now owns 111,927 shares of the aerospace company’s stock valued at $63,822,000 after purchasing an additional 9,924 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Northrop Grumman by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 3,149,478 shares of the aerospace company’s stock valued at $1,793,478,000 after purchasing an additional 17,948 shares during the last quarter. Finally, World Investment Advisors lifted its position in shares of Northrop Grumman by 70.1% during the fourth quarter. World Investment Advisors now owns 4,497 shares of the aerospace company’s stock valued at $2,564,000 after purchasing an additional 1,853 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

NYSE NOC opened at $570.59 on Tuesday. Northrop Grumman Corporation has a 52-week low of $479.02 and a 52-week high of $774.00. The company has a 50-day simple moving average of $539.49 and a 200 day simple moving average of $612.84. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.17. The company has a market capitalization of $81.04 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 3.79 and a beta of -0.11.

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

Insider Activity at Northrop Grumman

In related news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $547.53, for a total value of $52,015.35. Following the sale, the director owned 4,393 shares of the company’s stock, valued at approximately $2,405,299.29. The trade was a 2.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wells Fargo & Company restated an “overweight” rating and set a $620.00 price target on shares of Northrop Grumman in a report on Wednesday, July 8th. Sanford C. Bernstein reissued a “market perform” rating and set a $653.00 target price on shares of Northrop Grumman in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft set a $615.00 target price on Northrop Grumman in a research note on Wednesday, July 22nd. TD Cowen reduced their target price on Northrop Grumman from $580.00 to $550.00 and set a “hold” rating for the company in a report on Wednesday, July 22nd. Finally, Susquehanna decreased their price target on Northrop Grumman from $785.00 to $655.00 and set a “positive” rating for the company in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $659.30.

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.