Northrop Grumman Corporation $NOC Shares Sold by Huntington National Bank

Huntington National Bank cut its holdings in Northrop Grumman Corporation (NYSE:NOC) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,627 shares of the aerospace company’s stock after selling 1,161 shares during the period. Huntington National Bank’s holdings in Northrop Grumman were worth $11,191,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NOC. Jennison Associates LLC raised its stake in Northrop Grumman by 272.8% in the fourth quarter. Jennison Associates LLC now owns 401,664 shares of the aerospace company’s stock valued at $229,033,000 after buying an additional 293,909 shares in the last quarter. Holocene Advisors LP acquired a new stake in Northrop Grumman in the third quarter valued at $137,280,000. Bank of New York Mellon Corp raised its stake in Northrop Grumman by 26.7% in the third quarter. Bank of New York Mellon Corp now owns 1,051,226 shares of the aerospace company’s stock valued at $640,534,000 after buying an additional 221,431 shares in the last quarter. Vanguard Group Inc. raised its stake 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. Finally, M&T Bank Corp raised its stake in Northrop Grumman by 1,086.5% in the fourth quarter. M&T Bank Corp now owns 192,583 shares of the aerospace company’s stock valued at $109,813,000 after buying an additional 176,352 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on NOC shares. Morgan Stanley cut their price target on Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Argus set a $785.00 price target on Northrop Grumman in a research note on Tuesday, February 10th. Jefferies Financial Group cut their price target on Northrop Grumman from $660.00 to $620.00 and set a “buy” rating on the stock in a research note on Tuesday. Weiss Ratings restated a “buy (b)” rating on shares of Northrop Grumman in a research note on Monday, March 23rd. Finally, UBS Group cut their price target on Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Northrop Grumman currently has an average rating of “Moderate Buy” and an average target price of $702.63.

Northrop Grumman Stock Performance

Shares of NOC stock opened at $559.16 on Friday. The stock’s 50-day moving average is $622.51 and its two-hundred day moving average is $632.35. The firm has a market cap of $79.42 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 3.76 and a beta of -0.11. Northrop Grumman Corporation has a 1 year low of $468.50 and a 1 year high of $774.00. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.06 by $0.08. The company had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.75 billion. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Analysts predict that Northrop Grumman Corporation will post 27.93 earnings per share for the current year.

Northrop Grumman Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st will be issued a dividend of $2.47 per share. The ex-dividend date of this dividend is Monday, June 1st. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 annualized dividend and a dividend yield of 1.8%. Northrop Grumman’s dividend payout ratio is 28.92%.

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.