Northrop Grumman Corporation $NOC Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 0.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 165,767 shares of the aerospace company’s stock after selling 1,029 shares during the period. PNC Financial Services Group Inc.’s holdings in Northrop Grumman were worth $113,093,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NOC. Vanguard Group Inc. increased its holdings in 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 buying an additional 209,135 shares in the last quarter. Capital World Investors boosted its stake in shares of Northrop Grumman by 39.4% during the 4th quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock worth $1,958,151,000 after acquiring an additional 970,029 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Northrop Grumman by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 3,149,478 shares of the aerospace company’s stock worth $1,793,478,000 after acquiring an additional 17,948 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Northrop Grumman by 4.3% in the 4th quarter. Franklin Resources Inc. now owns 3,125,139 shares of the aerospace company’s stock worth $1,781,986,000 after acquiring an additional 128,855 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of Northrop Grumman by 3.9% in the 4th quarter. Invesco Ltd. now owns 1,666,517 shares of the aerospace company’s stock worth $950,265,000 after acquiring an additional 62,817 shares during the period. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Morgan Stanley set a $745.00 price objective on Northrop Grumman in a report on Wednesday, July 15th. TD Cowen lowered their target price on Northrop Grumman from $580.00 to $550.00 and set a “hold” rating on the stock in a report on Wednesday. Weiss Ratings cut Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. Citigroup dropped their price target on Northrop Grumman from $628.00 to $587.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Finally, Susquehanna cut their price target on Northrop Grumman from $785.00 to $655.00 and set a “positive” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Northrop Grumman has a consensus rating of “Moderate Buy” and a consensus target price of $657.14.

Trending Headlines about Northrop Grumman

Here are the key news stories impacting Northrop Grumman this week:

• Positive Sentiment: Northrop Grumman beat Q2 estimates, posting $7.68 EPS on $10.88 billion in revenue, and raised its 2026 sales and profit outlook. Management also highlighted record backlog and strong weapons demand, which supports the case for faster growth later in the year. Article: Reuters earnings and outlook
• Positive Sentiment: Northrop is also expanding its space and ISR opportunities, including a private robot mission to extend the life of aging satellites and a NATO-focused Airbus partnership tied to MQ-4C Triton systems. These developments point to longer-term program depth and defense demand. Article: Fortune space robot mission
• Positive Sentiment: UBS raised its price target to $685 and kept a buy rating, implying meaningful upside from current levels despite recent weakness. Article: UBS price target update
• Neutral Sentiment: TD Cowen cut its price target to $550 and kept a hold rating. That still suggests only modest upside, signaling that some analysts think the recent rally may be limited near term. Article: TD Cowen price target update

Northrop Grumman Price Performance

NYSE:NOC opened at $525.50 on Thursday. Northrop Grumman Corporation has a 12-month low of $479.02 and a 12-month high of $774.00. The firm has a market cap of $74.64 billion, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of 3.36 and a beta of -0.10. The company’s 50-day moving average is $536.10 and its two-hundred day moving average is $623.03. The company has a current ratio of 1.17, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81.

Northrop Grumman (NYSE:NOC) last issued its quarterly 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 during 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 quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Research analysts expect that Northrop Grumman Corporation will post 28.85 EPS for the current year.

Northrop Grumman Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st were paid a $2.47 dividend. This represents a $9.88 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, June 1st. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s dividend payout ratio is presently 31.39%.

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.