PNC Financial Services Group Inc. Trims Stake in Northrop Grumman Corporation $NOC

PNC Financial Services Group Inc. cut its position in Northrop Grumman Corporation (NYSE:NOC) by 0.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 165,767 shares of the aerospace company’s stock after selling 1,029 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.12% of Northrop Grumman worth $113,093,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC increased its position in Northrop Grumman by 4.4% during the fourth quarter. Kestra Investment Management LLC now owns 353 shares of the aerospace company’s stock worth $201,000 after buying an additional 15 shares during the period. Evolution Wealth Management Inc. boosted its holdings in shares of Northrop Grumman by 6.8% in the fourth quarter. Evolution Wealth Management Inc. now owns 235 shares of the aerospace company’s stock valued at $134,000 after acquiring an additional 15 shares during the period. Howard Financial Services LTD. grew its position in shares of Northrop Grumman by 1.4% during the fourth quarter. Howard Financial Services LTD. now owns 1,143 shares of the aerospace company’s stock worth $651,000 after acquiring an additional 16 shares during the last quarter. Frank Rimerman Advisors LLC grew its position in shares of Northrop Grumman by 0.8% during the fourth quarter. Frank Rimerman Advisors LLC now owns 1,973 shares of the aerospace company’s stock worth $1,125,000 after acquiring an additional 16 shares during the last quarter. Finally, Capital Advisors Ltd. LLC increased its holdings in shares of Northrop Grumman by 0.4% in the 4th quarter. Capital Advisors Ltd. LLC now owns 4,012 shares of the aerospace company’s stock valued at $2,288,000 after acquiring an additional 16 shares during the period. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NOC shares. Morgan Stanley set a $745.00 price target on shares of Northrop Grumman in a research report on Wednesday, July 15th. Wall Street Zen downgraded shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research report on Saturday, April 25th. 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 research note on Friday, June 26th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $620.00 target price on shares of Northrop Grumman in a report on Wednesday, July 8th. Finally, Citigroup decreased their target price on shares of Northrop Grumman from $628.00 to $587.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $657.14.

More Northrop Grumman News

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

• Positive Sentiment: Northrop Grumman beat Q2 estimates, posting $7.68 EPS on $10.88 billion in revenue, and raised its 2026 sales and profit outlook. Management also highlighted record backlog and strong weapons demand, which supports the case for faster growth later in the year. Article: Reuters earnings and outlook
• Positive Sentiment: Northrop is also expanding its space and ISR opportunities, including a private robot mission to extend the life of aging satellites and a NATO-focused Airbus partnership tied to MQ-4C Triton systems. These developments point to longer-term program depth and defense demand. Article: Fortune space robot mission
• Positive Sentiment: UBS raised its price target to $685 and kept a buy rating, implying meaningful upside from current levels despite recent weakness. Article: UBS price target update
• Neutral Sentiment: TD Cowen cut its price target to $550 and kept a hold rating. That still suggests only modest upside, signaling that some analysts think the recent rally may be limited near term. Article: TD Cowen price target update

Northrop Grumman Price Performance

Shares of NYSE:NOC opened at $525.50 on Thursday. Northrop Grumman Corporation has a 52 week low of $479.02 and a 52 week high of $774.00. The company has a 50-day moving average price of $536.10 and a 200 day moving average price of $623.03. The company has a market cap of $74.64 billion, a P/E ratio of 16.69, a PEG ratio of 3.36 and a beta of -0.10. The company has a quick ratio of 1.04, a current ratio of 1.17 and a debt-to-equity ratio of 0.81.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 24.25% and a net margin of 10.48%.The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Research analysts predict that Northrop Grumman Corporation will post 28.85 earnings per share for the current year.

Northrop Grumman Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, June 1st were issued a dividend of $2.47 per share. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, June 1st. Northrop Grumman’s dividend payout ratio is currently 31.39%.

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.