M&T Bank Corp Has $109.81 Million Stock Holdings in Northrop Grumman Corporation $NOC

M&T Bank Corp lifted its position in Northrop Grumman Corporation (NYSE:NOC) by 1,086.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 192,583 shares of the aerospace company’s stock after purchasing an additional 176,352 shares during the period. M&T Bank Corp’s holdings in Northrop Grumman were worth $109,813,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of NOC. Holocene Advisors LP acquired a new stake in shares of Northrop Grumman in the 3rd quarter valued at approximately $137,280,000. Bank of New York Mellon Corp raised its position in shares of Northrop Grumman by 26.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,051,226 shares of the aerospace company’s stock valued at $640,534,000 after acquiring an additional 221,431 shares during the period. SG Americas Securities LLC raised its position in shares of Northrop Grumman by 7,202.7% in the 4th quarter. SG Americas Securities LLC now owns 167,232 shares of the aerospace company’s stock valued at $95,357,000 after acquiring an additional 164,942 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Northrop Grumman by 41.2% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 443,465 shares of the aerospace company’s stock valued at $270,212,000 after acquiring an additional 129,352 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Northrop Grumman by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 13,531,586 shares of the aerospace company’s stock valued at $8,245,066,000 after acquiring an additional 109,941 shares during the period. 83.40% of the stock is currently owned by institutional investors and hedge funds.

More Northrop Grumman News

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

• Positive Sentiment: Q1 results beat and backlog support — NOC reported $6.14 EPS on ~$9.9B revenue, topping consensus; management highlighted strong aeronautics demand and a backlog that supports multi-year visibility. Northrop Grumman (NOC) Q1 Earnings and Revenues Beat Estimates
• Neutral Sentiment: Analyst view and longer-term targets remain constructive — multiple firms still carry buy ratings and analyst median price targets (~$750) that imply meaningful upside over time, supporting a longer-term bull case despite near-term volatility. Northrop Grumman Stock (NOC) Opinions on Q1 Earnings Release
• Negative Sentiment: Reaffirmed guidance below street expectations — management reiterated FY2026 EPS and revenue targets (EPS 27.40–27.90; revenue $43.5B–$44.0B), which came in slightly below consensus and disappointed investors who had hoped for an upside raise. Stealth Bomber Maker Northrop Grumman Delivers Strong Earnings. The Stock Is Down.
• Negative Sentiment: Quarterly cash use and program adjustment — Q1 showed about $1.6B operating cash use and ~$1.8B free-cash-flow use (seasonal but heavier than some expected) and a $71M unfavorable EAC adjustment in Space Systems (GEM 63XL launch anomaly), raising near-term execution and cash concerns. Northrop Grumman falls as investors focus on Q1 cash burn and a Space Systems charge
• Negative Sentiment: Higher capex tied to B-21 ramp — management raised FY2026 capex to ~$1.85B to support B-21 production capacity expansion, which is positive for program delivery but increases near-term cash needs and capital intensity. Northrop Grumman reaffirms $43.5B-$44B 2026 sales outlook while lifting 2026 capex to $1.85B for B-21 ramp

Insider Activity

In related news, CEO Kathy J. Warden sold 20,000 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $708.82, for a total value of $14,176,400.00. Following the completion of the transaction, the chief executive officer directly owned 171,602 shares of the company’s stock, valued at approximately $121,634,929.64. This trade represents a 10.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $1,575,226.29. Following the completion of the transaction, the vice president directly owned 151 shares of the company’s stock, valued at $108,661.11. This represents a 93.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 22,431 shares of company stock valued at $15,924,404 over the last three months. Corporate insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NOC. BTIG Research increased their price target on shares of Northrop Grumman from $680.00 to $815.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Northrop Grumman in a research note on Monday, March 23rd. Citigroup increased their target price on Northrop Grumman from $781.00 to $807.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Vertical Research reissued a “hold” rating and set a $688.00 target price on shares of Northrop Grumman in a research note on Tuesday, January 27th. Finally, Morgan Stanley reissued an “overweight” rating and set a $765.00 target price on shares of Northrop Grumman in a research note on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $719.58.

Northrop Grumman Stock Performance

Shares of NOC stock opened at $611.42 on Wednesday. The company’s fifty day simple moving average is $705.88 and its 200-day simple moving average is $639.26. The company has a quick ratio of 1.01, a current ratio of 1.10 and a debt-to-equity ratio of 0.91. The firm has a market cap of $86.84 billion, a PE ratio of 20.99, a P/E/G ratio of 4.65 and a beta of 0.04. Northrop Grumman Corporation has a 12 month low of $450.13 and a 12 month high of $774.00.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $6.06 by $0.08. Northrop Grumman had a net margin of 9.97% and a return on equity of 25.57%. The business had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same quarter in the previous year, the firm posted $6.06 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Equities research analysts expect that Northrop Grumman Corporation will post 28.11 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Monday, February 23rd were paid a $2.31 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $9.24 annualized dividend and a dividend yield of 1.5%. Northrop Grumman’s dividend payout ratio (DPR) is currently 31.72%.

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.