Midwest Trust Co Has $42.81 Million Position in Northrop Grumman Corporation $NOC

Midwest Trust Co boosted its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 1.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 75,076 shares of the aerospace company’s stock after acquiring an additional 1,244 shares during the period. Midwest Trust Co’s holdings in Northrop Grumman were worth $42,809,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NOC. Financial Life Planners acquired a new stake in shares of Northrop Grumman during the 3rd quarter worth $27,000. Torren Management LLC acquired a new position in Northrop Grumman in the fourth quarter valued at about $26,000. Physician Wealth Advisors Inc. raised its stake in Northrop Grumman by 200.0% in the third quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 32 shares in the last quarter. Hopwood Financial Services Inc. bought a new stake in Northrop Grumman during the third quarter worth about $30,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Northrop Grumman during the fourth quarter worth about $29,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Northrop Grumman

In other news, CAO Michael A. Hardesty sold 147 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $732.98, for a total value of $107,748.06. Following the completion of the transaction, the chief accounting officer directly owned 2,525 shares in the company, valued at approximately $1,850,774.50. This represents a 5.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Benjamin R. Davies sold 2,189 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $719.61, for a total value of $1,575,226.29. Following the sale, the vice president directly owned 151 shares in the company, valued at approximately $108,661.11. This trade represents a 93.55% decrease in their position. The SEC filing for this sale provides additional information. 0.21% of the stock is currently owned by corporate insiders.

Northrop Grumman Stock Down 0.5%

Shares of NYSE NOC opened at $549.40 on Friday. The company has a market cap of $78.03 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 3.75 and a beta of -0.11. The company has a current ratio of 1.15, a quick ratio of 1.04 and a debt-to-equity ratio of 0.84. Northrop Grumman Corporation has a 12 month low of $453.01 and a 12 month high of $774.00. The stock has a 50-day moving average price of $678.13 and a two-hundred day moving average price of $636.03.

Northrop Grumman (NYSE:NOC) last announced its quarterly 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. The company had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.75 billion. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $6.06 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, analysts forecast that Northrop Grumman Corporation will post 27.92 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Monday, February 23rd were issued a dividend of $2.31 per share. The ex-dividend date was Monday, February 23rd. This represents a $9.24 annualized dividend and a dividend yield of 1.7%. Northrop Grumman’s dividend payout ratio is 28.92%.

Analysts Set New Price Targets

Several equities analysts have commented on NOC shares. BTIG Research reissued a “buy” rating and issued a $815.00 target price on shares of Northrop Grumman in a report on Wednesday, April 22nd. Susquehanna reaffirmed a “positive” rating and set a $752.00 price target on shares of Northrop Grumman in a report on Thursday, January 15th. Wells Fargo & Company started 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 on the stock. Bank of America lifted their price objective on shares of Northrop Grumman from $685.00 to $750.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, Jefferies Financial Group set a $660.00 price objective on shares of Northrop Grumman in a research report on Sunday, April 26th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $710.74.

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.