Commerce Bank Has $88.57 Million Stake in Northrop Grumman Corporation $NOC

Commerce Bank reduced its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 1.0% in the second quarter, HoldingsChannel.com reports. The fund owned 173,897 shares of the aerospace company’s stock after selling 1,775 shares during the quarter. Commerce Bank’s holdings in Northrop Grumman were worth $88,567,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Northrop Grumman in the 2nd quarter valued at about $6,001,616,000. Capital World Investors grew its stake in Northrop Grumman by 39.4% during the fourth quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock worth $1,958,151,000 after purchasing an additional 970,029 shares during the period. Bank of New York Mellon Corp bought a new stake in Northrop Grumman in the second quarter worth approximately $376,135,000. J. Stern & Co. LLP increased its holdings in Northrop Grumman by 56,920.9% in the fourth quarter. J. Stern & Co. LLP now owns 421,955 shares of the aerospace company’s stock worth $240,603,000 after purchasing an additional 421,215 shares in the last quarter. Finally, Deutsche Bank AG acquired a new position in Northrop Grumman in the second quarter valued at approximately $194,058,000. 83.40% of the stock is owned by institutional investors.

Northrop Grumman Trading Down 2.1%

Shares of Northrop Grumman stock opened at $552.29 on Friday. The company has a market capitalization of $78.44 billion, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 3.57 and a beta of -0.11. The stock has a fifty day simple moving average of $541.45 and a 200 day simple moving average of $610.05. Northrop Grumman Corporation has a 12-month low of $479.02 and a 12-month high of $774.00. 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 quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, beating the consensus estimate of $6.82 by $0.86. The business had revenue of $10.88 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The business’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the business earned $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, sell-side analysts anticipate that Northrop Grumman Corporation will post 28.97 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Monday, August 31st will be given a dividend of $2.47 per share. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, August 31st. Northrop Grumman’s dividend payout ratio (DPR) is presently 31.39%.

Analysts Set New Price Targets

Several brokerages have recently commented on NOC. UBS Group raised their price objective on shares of Northrop Grumman from $666.00 to $685.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Sanford C. Bernstein reiterated a “market perform” rating and set a $653.00 target price on shares of Northrop Grumman in a research report on Wednesday, August 5th. Weiss Ratings lowered shares of Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft set a $615.00 price target on shares of Northrop Grumman in a report on Wednesday, July 22nd. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Northrop Grumman currently has an average rating of “Moderate Buy” and a consensus target price of $661.30.

Insider Buying and Selling at Northrop Grumman

In related news, Director Mark A. Welsh III sold 95 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $547.53, for a total transaction of $52,015.35. Following the transaction, the director directly owned 4,393 shares in the company, valued at approximately $2,405,299.29. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by insiders.

About Northrop Grumman

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.