MidFirst Bank Invests $556,000 in Northrop Grumman Corporation $NOC

MidFirst Bank acquired a new stake in shares of Northrop Grumman Corporation (NYSE:NOC) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 975 shares of the aerospace company’s stock, valued at approximately $556,000.

A number of other large investors also recently modified their holdings of the company. Torren Management LLC purchased a new stake in Northrop Grumman in the fourth quarter worth approximately $26,000. Karpus Management Inc. purchased a new position in shares of Northrop Grumman during the fourth quarter worth approximately $26,000. Financial Life Planners purchased a new position in shares of Northrop Grumman during the third quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Northrop Grumman in the 4th quarter worth approximately $29,000. Finally, Motiv8 Investments LLC bought a new stake in shares of Northrop Grumman in the 4th quarter worth approximately $30,000. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Trading Up 0.1%

NYSE NOC opened at $521.85 on Friday. The stock has a market cap of $74.12 billion, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 3.56 and a beta of -0.12. Northrop Grumman Corporation has a fifty-two week low of $481.28 and a fifty-two week high of $774.00. The stock has a 50 day simple moving average of $574.00 and a two-hundred day simple moving average of $629.31. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.06 by $0.08. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The firm had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same period in the previous year, the firm earned $6.06 earnings per share. 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, analysts forecast that Northrop Grumman Corporation will post 27.93 earnings per share for the current year.

Northrop Grumman Increases Dividend

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

Wall Street Analyst Weigh In

NOC has been the topic of several recent research reports. Wall Street Zen lowered shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 25th. Wells Fargo & Company began coverage on shares of Northrop Grumman in a research report on Wednesday, April 1st. They set an “overweight” rating and a $800.00 price target for the company. Weiss Ratings cut Northrop Grumman from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Morgan Stanley decreased their price objective on Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Finally, UBS Group lowered their target price on Northrop Grumman from $806.00 to $745.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Northrop Grumman presently has a consensus rating of “Moderate Buy” and a consensus price target of $702.63.

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.