Northrop Grumman Corporation $NOC Position Increased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 82.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,306 shares of the aerospace company’s stock after purchasing an additional 6,462 shares during the period. TD Waterhouse Canada Inc.’s holdings in Northrop Grumman were worth $7,440,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NOC. Karpus Management Inc. acquired a new position in Northrop Grumman in the 4th quarter worth about $26,000. Perkins Coie Trust Co acquired a new stake in shares of Northrop Grumman during the 2nd quarter valued at about $29,000. Financial Life Planners bought a new stake in shares of Northrop Grumman in the 1st quarter valued at approximately $30,000. Navigoe LLC bought a new stake in shares of Northrop Grumman in the 2nd quarter valued at approximately $30,000. Finally, Plato Investment Management Ltd acquired a new position in Northrop Grumman in the second quarter worth approximately $30,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NOC shares. The Goldman Sachs Group cut their price objective on shares of Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. JPMorgan Chase & Co. dropped their price target on shares of Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating on the stock in a research note on Thursday, July 23rd. UBS Group raised their price target on shares of Northrop Grumman from $666.00 to $685.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. TD Cowen lifted their price objective on shares of Northrop Grumman from $550.00 to $590.00 and gave the company a “hold” rating in a research note on Wednesday, August 19th. Finally, Citigroup upped their price objective on shares of Northrop Grumman from $617.00 to $667.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $661.30.

Insider Buying and Selling

In related news, Director Mark Welsh, III sold 95 shares of Northrop Grumman stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $547.53, for a total value of $52,015.35. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by company insiders.

Northrop Grumman Stock Down 2.7%

NOC opened at $513.89 on Friday. The firm has a market cap of $72.99 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 3.02 and a beta of -0.11. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.17. The business has a 50 day moving average price of $544.64 and a 200 day moving average price of $599.04. Northrop Grumman Corporation has a twelve month low of $479.02 and a twelve month high of $774.00.

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

Northrop Grumman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Monday, August 31st will be paid a $2.47 dividend. The ex-dividend date is Monday, August 31st. This represents a $9.88 dividend on an annualized basis and a yield of 1.9%. Northrop Grumman’s dividend payout ratio (DPR) is presently 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.