Northrop Grumman Corporation $NOC Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its holdings in Northrop Grumman Corporation (NYSE:NOC) by 31.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 791,170 shares of the aerospace company’s stock after selling 360,995 shares during the period. Bank of New York Mellon Corp’s holdings in Northrop Grumman were worth $539,768,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of NOC. Illinois Municipal Retirement Fund grew its holdings in shares of Northrop Grumman by 14.0% during the first quarter. Illinois Municipal Retirement Fund now owns 1,275 shares of the aerospace company’s stock valued at $870,000 after purchasing an additional 157 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Northrop Grumman by 41.2% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 27,129 shares of the aerospace company’s stock worth $18,508,000 after purchasing an additional 7,916 shares during the last quarter. MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of Northrop Grumman in the 1st quarter worth approximately $961,000. Sterling Investment Advisors Ltd. boosted its position in Northrop Grumman by 5.8% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 441 shares of the aerospace company’s stock valued at $301,000 after purchasing an additional 24 shares during the period. Finally, Ellerson Group Inc. ADV boosted its position in Northrop Grumman by 4.4% during the 1st quarter. Ellerson Group Inc. ADV now owns 1,152 shares of the aerospace company’s stock valued at $786,000 after purchasing an additional 49 shares during the period. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman News Summary

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

• Positive Sentiment: Analysts and market commentary continue to highlight Northrop Grumman’s strong defense backlog and long-term demand outlook, which supports revenue visibility and could help offset near-term volatility. Northrop Grumman to Post Q2 Earnings: Here’s What to Expect
• Positive Sentiment: Morgan Stanley reportedly named Northrop Grumman one of its top defense stocks, reinforcing the view that the company remains a favored name in the sector. Morgan Stanley Picks Its Top Three Defense Stocks. One Has 100% Upside.
• Neutral Sentiment: Multiple preview pieces are focusing on key Q2 operating metrics, suggesting the stock may react to details on execution, cash flow, and contract performance rather than just headline EPS and revenue. Wall Street’s Insights Into Key Metrics Ahead of Northrop Grumman (NOC) Q2 Earnings
• Neutral Sentiment: Northrop’s Sentinel program remains a key watch item, with investors waiting to see whether job expansion and program updates point to stronger execution or added cost pressure. Northrop Grumman Planning To Add Hundreds Of Jobs For Sentinel
• Negative Sentiment: Some analysts have trimmed price targets and lowered fair value estimates, signaling more caution about near-term upside and execution risk. Northrop Grumman (NOC) Stock Fair Value Edges Lower As Analysts Trim Targets

Northrop Grumman Stock Performance

NOC stock opened at $518.19 on Friday. The company has a 50-day simple moving average of $538.60 and a 200 day simple moving average of $624.52. The company has a market capitalization of $73.60 billion, a P/E ratio of 16.22, a PEG ratio of 3.55 and a beta of -0.10. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. Northrop Grumman Corporation has a fifty-two week low of $493.84 and a fifty-two week high of $774.00.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, April 21st. The aerospace company reported $6.14 EPS for the quarter, beating the consensus estimate of $6.06 by $0.08. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The firm had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same quarter last year, the company earned $6.06 EPS. Northrop Grumman’s quarterly revenue was up 4.4% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Sell-side analysts predict that Northrop Grumman Corporation will post 27.95 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, June 1st were paid a dividend of $2.47 per share. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Monday, June 1st. Northrop Grumman’s dividend payout ratio (DPR) is 30.92%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NOC. Citigroup dropped their target price on Northrop Grumman from $628.00 to $587.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. BTIG Research reaffirmed a “buy” rating and issued a $815.00 price objective on shares of Northrop Grumman in a report on Wednesday, April 22nd. Jefferies Financial Group dropped their price objective on shares of Northrop Grumman from $620.00 to $580.00 and set a “hold” rating on the stock in a report on Friday, June 26th. Morgan Stanley set a $745.00 target price on shares of Northrop Grumman in a research note on Wednesday. Finally, Raymond James Financial restated an “outperform” rating on shares of Northrop Grumman in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $676.29.

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.