Northrop Grumman Corporation $NOC Position Increased by Ethic Inc.

Posted by Brian Himes on Nov 10th, 2026

Ethic Inc. grew its position in Northrop Grumman Corporation (NYSE:NOC – Free Report) by 7.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,974 shares of the aerospace company’s stock after acquiring an additional 962 shares during the period. Ethic Inc.’s holdings in Northrop Grumman were worth $6,756,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. State Street Corp lifted its stake in Northrop Grumman by 1.3% in the 2nd quarter. State Street Corp now owns 13,169,195 shares of the aerospace company’s stock valued at $6,707,203,000 after purchasing an additional 168,267 shares during the last quarter. BlackRock Inc. bought a new position in Northrop Grumman during the second quarter worth about $6,001,616,000. Bank of America Corp DE acquired a new position in Northrop Grumman during the second quarter worth approximately $1,298,141,000. Dimensional Fund Advisors LP increased its position in Northrop Grumman by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 960,690 shares of the aerospace company’s stock worth $655,373,000 after buying an additional 5,811 shares during the last quarter. Finally, Legal & General Group Plc increased its position in Northrop Grumman by 2.2% during the second quarter. Legal & General Group Plc now owns 747,121 shares of the aerospace company’s stock worth $380,516,000 after buying an additional 16,195 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Northrop Grumman

In related news, Director Mark Welsh, III sold 98 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $555.65, for a total transaction of $54,453.70. Following the transaction, the director directly owned 4,314 shares of the company’s stock, valued at approximately $2,397,074.10. This trade represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on NOC shares. BNP Paribas Exane upped their price objective on Northrop Grumman from $540.00 to $600.00 and gave the company an “outperform” rating in a research note on Wednesday, October 21st. Rothschild & Co Redburn began coverage on Northrop Grumman in a research note on Tuesday, October 6th. They set a “buy” rating and a $680.00 target price for the company. Citigroup boosted their target price on Northrop Grumman from $617.00 to $667.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft set a $615.00 price target on Northrop Grumman and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $585.00 price objective on shares of Northrop Grumman in a research report on Sunday, October 25th. Fifteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Northrop Grumman has a consensus rating of “Moderate Buy” and a consensus target price of $643.74.

Get Our Latest Analysis on Northrop Grumman

Northrop Grumman Stock Up 2.8%

Northrop Grumman stock opened at $539.48 on Tuesday. The company’s 50-day moving average price is $519.23 and its two-hundred day moving average price is $588.28. The company has a quick ratio of 1.14, a current ratio of 1.23 and a debt-to-equity ratio of 0.77. The stock has a market cap of $76.64 billion, a P/E ratio of 17.02, a P/E/G ratio of 2.82 and a beta of -0.13. Northrop Grumman Corporation has a twelve month low of $470.06 and a twelve month high of $774.00.

Northrop Grumman (NYSE:NOC – Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The aerospace company reported $7.89 earnings per share for the quarter, topping the consensus estimate of $7.18 by $0.71. Northrop Grumman had a return on equity of 23.46% and a net margin of 10.37%. The firm had revenue of $11.12 billion for the quarter, compared to analysts’ expectations of $11.14 billion. During the same quarter last year, the business earned $7.67 EPS. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. As a group, analysts expect that Northrop Grumman Corporation will post 29.68 EPS for the current year.

Northrop Grumman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Monday, August 31st were paid a $2.47 dividend. The ex-dividend date was Monday, August 31st. This represents a $9.88 annualized dividend and a dividend yield of 1.8%. Northrop Grumman’s dividend payout ratio is 31.17%.

Northrop Grumman Company Profile

(Free Report)

Northrop Grumman Corporation is a U.S.-based aerospace and defense company that develops and produces systems for government and commercial customers. Its business spans aeronautics, defense, mission technologies and space, including military aircraft, autonomous systems, missile and air-defense capabilities, sensors, communications and satellites.

The company is the prime contractor for the B-21 Raider and is developing the Sentinel intercontinental ballistic missile system. It also supplies technologies and components for other defense programs, as well as launch vehicles, propulsion systems and spacecraft.

Northrop Grumman traces its roots to Northrop Aircraft, founded in 1939, and Grumman, founded in 1930; the two companies combined in 1994.