State Street Corp Sells 7,262 Shares of Northrop Grumman Corporation $NOC

State Street Corp lessened its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 0.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,208,361 shares of the aerospace company’s stock after selling 7,262 shares during the period. State Street Corp owned about 0.09% of Northrop Grumman worth $7,531,540,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners bought a new position in Northrop Grumman during the third quarter worth about $27,000. Torren Management LLC bought a new position in Northrop Grumman during the fourth quarter worth about $26,000. Kohmann Bosshard Financial Services LLC bought a new position in Northrop Grumman during the fourth quarter worth about $29,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Northrop Grumman in the third quarter valued at approximately $32,000. Finally, Wexford Capital LP bought a new position in shares of Northrop Grumman in the third quarter valued at approximately $33,000. Institutional investors own 83.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NOC shares. Citigroup cut their price objective on shares of Northrop Grumman from $742.00 to $628.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Jefferies Financial Group cut their price objective on shares of Northrop Grumman from $660.00 to $620.00 and set a “buy” rating for the company in a research report on Tuesday, May 26th. Morgan Stanley cut their price objective on shares of Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. UBS Group cut their price objective on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Finally, Wells Fargo & Company started coverage on shares of Northrop Grumman in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and a consensus target price of $702.63.

Northrop Grumman Price Performance

NOC stock opened at $549.42 on Friday. The firm has a 50 day moving average of $589.86 and a 200-day moving average of $630.38. The company has a current ratio of 1.15, a quick ratio of 1.04 and a debt-to-equity ratio of 0.84. Northrop Grumman Corporation has a 12 month low of $481.28 and a 12 month high of $774.00. The firm has a market capitalization of $78.03 billion, a P/E ratio of 17.20, a price-to-earnings-growth ratio of 3.77 and a beta of -0.12.

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

Northrop Grumman Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st will be paid a dividend of $2.47 per share. This represents a $9.88 annualized dividend and a dividend yield of 1.8%. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date of this dividend is Monday, June 1st. Northrop Grumman’s payout ratio is 30.92%.

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.