MidFirst Bank Buys New Shares in Northrop Grumman Corporation $NOC

MidFirst Bank bought a new stake in Northrop Grumman Corporation (NYSE:NOC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 976 shares of the aerospace company’s stock, valued at approximately $497,000.

Other institutional investors have also bought and sold shares of the company. Pictet Asset Management Holding SA lifted its stake in Northrop Grumman by 7.0% in the first quarter. Pictet Asset Management Holding SA now owns 61,436 shares of the aerospace company’s stock valued at $41,914,000 after buying an additional 4,041 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Northrop Grumman by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock worth $7,835,097,000 after buying an additional 209,135 shares in the last quarter. New York State Teachers Retirement System grew its position in shares of Northrop Grumman by 9.7% during the 4th quarter. New York State Teachers Retirement System now owns 111,927 shares of the aerospace company’s stock worth $63,822,000 after buying an additional 9,924 shares during the period. Geode Capital Management LLC grew its position in shares of Northrop Grumman by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 3,149,478 shares of the aerospace company’s stock worth $1,793,478,000 after buying an additional 17,948 shares during the period. Finally, World Investment Advisors grew its position in shares of Northrop Grumman by 70.1% during the 4th quarter. World Investment Advisors now owns 4,497 shares of the aerospace company’s stock worth $2,564,000 after buying an additional 1,853 shares during the period. Institutional investors own 83.40% of the company’s stock.

Insider Activity

In other news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman 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 completion of the transaction, the director directly owned 4,393 shares in the company, valued at $2,405,299.29. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NOC. Weiss Ratings downgraded shares of Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Sanford C. Bernstein restated a “market perform” rating and issued a $653.00 price target on shares of Northrop Grumman in a report on Wednesday, August 5th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $620.00 price target on shares of Northrop Grumman in a research note on Wednesday, July 8th. TD Cowen decreased their price target on shares of Northrop Grumman from $580.00 to $550.00 and set a “hold” rating for the company in a research note on Wednesday, July 22nd. Finally, Morgan Stanley set a $745.00 price objective on shares of Northrop Grumman in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Northrop Grumman currently has a consensus rating of “Moderate Buy” and an average price target of $659.30.

Northrop Grumman Price Performance

Shares of NYSE:NOC opened at $570.59 on Tuesday. Northrop Grumman Corporation has a twelve month low of $479.02 and a twelve month high of $774.00. The stock’s 50 day moving average is $539.49 and its 200-day moving average is $612.84. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $81.04 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 3.79 and a beta of -0.11.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.82 by $0.86. The business had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. Northrop Grumman’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Sell-side analysts forecast that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

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.