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

State Street Corp boosted its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 1.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,169,195 shares of the aerospace company’s stock after buying an additional 168,267 shares during the period. State Street Corp owned approximately 0.09% of Northrop Grumman worth $6,707,203,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NOC. Talon Private Wealth LLC lifted its position in Northrop Grumman by 7.6% during the second quarter. Talon Private Wealth LLC now owns 4,457 shares of the aerospace company’s stock valued at $2,270,000 after purchasing an additional 314 shares during the last quarter. Miramontes Capital LLC lifted its holdings in shares of Northrop Grumman by 2.2% in the 2nd quarter. Miramontes Capital LLC now owns 3,428 shares of the aerospace company’s stock valued at $1,746,000 after acquiring an additional 74 shares during the last quarter. National Pension Service grew its position in Northrop Grumman by 2.8% in the second quarter. National Pension Service now owns 396,442 shares of the aerospace company’s stock worth $201,912,000 after acquiring an additional 10,620 shares in the last quarter. Engineers Gate Manager LP grew its position in Northrop Grumman by 2,414.5% in the second quarter. Engineers Gate Manager LP now owns 27,358 shares of the aerospace company’s stock worth $13,934,000 after acquiring an additional 26,270 shares in the last quarter. Finally, Cidel Asset Management Inc. increased its stake in Northrop Grumman by 3.3% during the second quarter. Cidel Asset Management Inc. now owns 1,075 shares of the aerospace company’s stock worth $548,000 after acquiring an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Insider Activity at Northrop Grumman

In other news, Director Mark Welsh, III sold 95 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $547.53, for a total value of $52,015.35. Following the completion of the sale, the director owned 4,393 shares of the company’s stock, valued at $2,405,299.29. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft set a $615.00 price objective on Northrop Grumman in a research note on Wednesday, July 22nd. Susquehanna dropped 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 boosted their price objective on shares of Northrop Grumman from $685.00 to $704.00 and gave the company a “buy” rating in a research report on Tuesday, September 8th. Sanford C. Bernstein reissued a “market perform” rating and issued a $653.00 target price on shares of Northrop Grumman in a research note on Wednesday, August 5th. Finally, Citigroup raised their target price on shares of Northrop Grumman from $617.00 to $667.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Northrop Grumman has a consensus rating of “Moderate Buy” and a consensus target price of $659.86.

Northrop Grumman Trading Down 3.2%

Shares of NYSE NOC traded down $16.89 during mid-day trading on Tuesday, reaching $509.77. The company had a trading volume of 411,152 shares, compared to its average volume of 908,012. The stock has a market cap of $72.40 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 3.09 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 business’s 50-day moving average is $542.34 and its 200-day moving average is $582.47. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 EPS 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%. The company’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 firm earned $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Equities analysts expect that Northrop Grumman Corporation will post 28.97 earnings per share for the current year.

Northrop Grumman Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Monday, August 31st were issued a dividend of $2.47 per share. This represents a $9.88 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, August 31st. Northrop Grumman’s dividend payout ratio is currently 31.39%.

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.