German American Bancorp Inc. Invests $6.67 Million in Northrop Grumman Corporation $NOC

Posted by Francis Steltz on Aug 17th, 2026

German American Bancorp Inc. purchased a new stake in shares of Northrop Grumman Corporation (NYSE:NOC – Free Report) during the second quarter, Holdings Channel reports. The fund purchased 13,106 shares of the aerospace company’s stock, valued at approximately $6,675,000.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Northrop Grumman by 1.5% in 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 in the last quarter. Capital World Investors grew its holdings in Northrop Grumman by 39.4% during the fourth quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock valued at $1,958,151,000 after purchasing an additional 970,029 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Northrop Grumman by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 3,149,478 shares of the aerospace company’s stock valued at $1,793,478,000 after purchasing an additional 17,948 shares during the period. Franklin Resources Inc. lifted its stake in shares of Northrop Grumman by 4.3% in the fourth quarter. Franklin Resources Inc. now owns 3,125,139 shares of the aerospace company’s stock worth $1,781,986,000 after buying an additional 128,855 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Northrop Grumman by 3.9% in the fourth quarter. Invesco Ltd. now owns 1,666,517 shares of the aerospace company’s stock worth $950,265,000 after buying an additional 62,817 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Price Performance

Shares of NOC stock opened at $585.18 on Monday. The stock has a 50 day moving average of $538.88 and a two-hundred day moving average of $613.61. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. Northrop Grumman Corporation has a 12 month low of $479.02 and a 12 month high of $774.00. The company has a market capitalization of $83.11 billion, a P/E ratio of 18.59, a P/E/G ratio of 3.79 and a beta of -0.11.

Northrop Grumman (NYSE:NOC – Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.82 by $0.86. The firm had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, equities analysts expect that Northrop Grumman Corporation will post 28.97 EPS for the current year.

Northrop Grumman Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, June 1st were given a $2.47 dividend. This represents a $9.88 annualized dividend and a yield of 1.7%. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date of this dividend was Monday, June 1st. Northrop Grumman’s dividend payout ratio (DPR) is currently 31.39%.

Analyst Ratings Changes

A number of research analysts recently issued reports on NOC shares. BTIG Research reiterated a “buy” rating and issued a $815.00 target price on shares of Northrop Grumman in a research note on Wednesday, April 22nd. TD Cowen cut their target price on shares of Northrop Grumman from $580.00 to $550.00 and set a “hold” rating for the company in a research report on Wednesday, July 22nd. Morgan Stanley set a $745.00 price target on shares of Northrop Grumman in a report on Wednesday, July 15th. Raymond James Financial reiterated an “outperform” rating on shares of Northrop Grumman in a research note on Monday, June 15th. Finally, Deutsche Bank Aktiengesellschaft set a $615.00 price objective on Northrop Grumman in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Northrop Grumman presently has an average rating of “Moderate Buy” and a consensus target price of $659.30.

Read Our Latest Stock Analysis on NOC

Insider Buying and Selling

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $547.53, for a total transaction of $52,015.35. Following the completion of the transaction, the director owned 4,393 shares in the company, valued at $2,405,299.29. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by corporate insiders.

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.