Huntington National Bank Lowers Stock Holdings in Northrop Grumman Corporation $NOC

Posted by Brian Himes on May 29th, 2026

Huntington National Bank lowered its stake in shares of Northrop Grumman Corporation (NYSE:NOC – Free Report) by 5.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,627 shares of the aerospace company’s stock after selling 1,161 shares during the period. Huntington National Bank’s holdings in Northrop Grumman were worth $11,191,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NOC. Vanguard Group Inc. lifted its position in shares of Northrop Grumman by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock valued at $7,835,097,000 after acquiring an additional 209,135 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Northrop Grumman by 13.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,318 shares of the aerospace company’s stock valued at $13,599,000 after acquiring an additional 2,644 shares during the period. Nkcfo LLC acquired a new stake in shares of Northrop Grumman during the 3rd quarter valued at approximately $2,986,000. New York State Teachers Retirement System lifted its position in shares of Northrop Grumman by 9.7% during the 4th quarter. New York State Teachers Retirement System now owns 111,927 shares of the aerospace company’s stock valued at $63,822,000 after acquiring an additional 9,924 shares during the period. Finally, Nordea Investment Management AB acquired a new stake in shares of Northrop Grumman during the 4th quarter valued at approximately $1,987,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NOC. Morgan Stanley reduced their price target on shares of Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Argus set a $785.00 price target on shares of Northrop Grumman in a research report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $765.00 price target on shares of Northrop Grumman in a research report on Thursday, January 29th. 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Northrop Grumman in a research report on Monday, March 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $702.63.

Get Our Latest Stock Analysis on NOC

Northrop Grumman Trading Up 1.4%

Shares of NOC opened at $559.16 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.04. The firm has a 50 day simple moving average of $622.51 and a 200-day simple moving average of $632.35. Northrop Grumman Corporation has a 1-year low of $468.50 and a 1-year high of $774.00. The stock has a market cap of $79.42 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 3.76 and a beta of -0.11.

Northrop Grumman (NYSE:NOC – Get Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share for the quarter, topping analysts’ consensus estimates of $6.06 by $0.08. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The business had revenue of $9.88 billion during the quarter, compared to analysts’ expectations of $9.75 billion. During the same period last year, the company posted $6.06 EPS. The company’s revenue 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 analysts forecast that Northrop Grumman Corporation will post 27.93 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st will be paid a dividend of $2.47 per share. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date of this dividend is Monday, June 1st. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.8%. Northrop Grumman’s dividend payout ratio is 28.92%.

Northrop Grumman Profile

(Free Report)

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.