Strs Ohio Sells 2,194 Shares of Northrop Grumman Corporation $NOC

Strs Ohio cut its holdings in Northrop Grumman Corporation (NYSE:NOC) by 5.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 36,635 shares of the aerospace company’s stock after selling 2,194 shares during the quarter. Strs Ohio’s holdings in Northrop Grumman were worth $24,994,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Keybank National Association OH raised its holdings in Northrop Grumman by 2.8% during the 1st quarter. Keybank National Association OH now owns 35,379 shares of the aerospace company’s stock worth $24,137,000 after buying an additional 974 shares during the period. Mitchell & Pahl Private Wealth LLC lifted its stake in Northrop Grumman by 19.1% in the first quarter. Mitchell & Pahl Private Wealth LLC now owns 617 shares of the aerospace company’s stock valued at $421,000 after buying an additional 99 shares in the last quarter. Root Financial Partners LLC boosted its holdings in shares of Northrop Grumman by 38.1% in the first quarter. Root Financial Partners LLC now owns 489 shares of the aerospace company’s stock valued at $334,000 after buying an additional 135 shares during the period. Petros Family Wealth LLC bought a new stake in shares of Northrop Grumman during the first quarter worth $337,000. Finally, Jacobsen Capital Management acquired a new stake in shares of Northrop Grumman during the first quarter worth $215,000. 83.40% of the stock is owned by institutional investors.

Northrop Grumman Trading Down 0.2%

Northrop Grumman stock opened at $547.81 on Friday. The company has a market cap of $77.81 billion, a price-to-earnings ratio of 17.15, a P/E/G ratio of 3.74 and a beta of -0.10. The firm has a 50-day moving average of $544.85 and a 200-day moving average of $626.56. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.04. Northrop Grumman Corporation has a one year low of $493.84 and a one year high of $774.00.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.06 by $0.08. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The company had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same quarter in the prior year, the business posted $6.06 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, equities analysts expect 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. Shareholders of record on Monday, June 1st were given a dividend of $2.47 per share. This represents a $9.88 dividend on an annualized basis and a yield of 1.8%. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date of this dividend was Monday, June 1st. Northrop Grumman’s dividend payout ratio (DPR) is presently 30.92%.

Key Stories Impacting Northrop Grumman

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

• Positive Sentiment: Northrop Grumman won a roughly $312.34 million contract modification to keep producing Surface Electronic Warfare Improvement Program (SEWIP) Block 3 systems for the U.S. Navy, extending work through August 2029 and reinforcing multi-year revenue visibility. Article Title
• Positive Sentiment: Additional coverage highlighted the award as evidence of strong demand for advanced electronic warfare and mission-critical defense technology, which supports the bullish case for NOC’s order pipeline. Article Title
• Positive Sentiment: Analysts and market commentary also pointed to Northrop Grumman’s recent contract wins in space, propulsion, and missile systems, plus its reaffirmed 2026 outlook and upcoming July 21 earnings date, as reasons investors are rotating into the stock. Article Title

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NOC shares. Jefferies Financial Group reduced their target price on shares of Northrop Grumman from $620.00 to $580.00 and set a “hold” rating for the company in a research note on Friday, June 26th. Raymond James Financial reaffirmed an “outperform” rating on shares of Northrop Grumman in a research report on Monday, June 15th. Wall Street Zen downgraded Northrop Grumman from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 25th. UBS Group dropped their target price on Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Finally, Citigroup cut their target price on Northrop Grumman from $628.00 to $587.00 and set a “buy” rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $698.37.

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.