CIBC Bancorp USA Inc. Acquires New Stake in Northrop Grumman Corporation $NOC

CIBC Bancorp USA Inc. acquired a new stake in Northrop Grumman Corporation (NYSE:NOC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 19,719 shares of the aerospace company’s stock, valued at approximately $12,015,000.

A number of other large investors also recently bought and sold shares of NOC. Asset Dedication LLC increased its stake in shares of Northrop Grumman by 10.2% during the third quarter. Asset Dedication LLC now owns 1,942 shares of the aerospace company’s stock worth $1,183,000 after acquiring an additional 180 shares during the period. Captrust Financial Advisors lifted its position in Northrop Grumman by 1.6% in the third quarter. Captrust Financial Advisors now owns 25,002 shares of the aerospace company’s stock valued at $15,234,000 after purchasing an additional 401 shares during the period. Coldstream Capital Management Inc. lifted its position in Northrop Grumman by 8.6% in the third quarter. Coldstream Capital Management Inc. now owns 3,010 shares of the aerospace company’s stock valued at $1,834,000 after purchasing an additional 239 shares during the period. Aldebaran Financial Inc. boosted its holdings in Northrop Grumman by 20.9% in the 3rd quarter. Aldebaran Financial Inc. now owns 1,230 shares of the aerospace company’s stock valued at $749,000 after purchasing an additional 213 shares in the last quarter. Finally, Danske Bank A S acquired a new position in Northrop Grumman during the 3rd quarter worth approximately $20,743,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Price Performance

NOC stock opened at $713.38 on Friday. The firm has a 50 day moving average of $701.71 and a 200-day moving average of $623.15. The company has a market cap of $101.24 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 5.38 and a beta of 0.03. The company has a current ratio of 1.10, a quick ratio of 1.01 and a debt-to-equity ratio of 0.91. Northrop Grumman Corporation has a 12-month low of $450.13 and a 12-month high of $774.00.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share for the quarter, topping analysts’ consensus estimates of $6.97 by $0.26. Northrop Grumman had a return on equity of 25.57% and a net margin of 9.97%.The business had revenue of $11.71 billion for the quarter, compared to analysts’ expectations of $11.61 billion. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.39 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, equities analysts expect that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Monday, February 23rd were issued a $2.31 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $9.24 annualized dividend and a yield of 1.3%. Northrop Grumman’s dividend payout ratio is 31.72%.

More Northrop Grumman News

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

• Positive Sentiment: Pentagon discussion about adding a second B-21 production line and FY2027 budget signals potential multi-year revenue upside for B-21 prime contractors, which should benefit Northrop as the program’s prime. Pentagon Discussing Second B-21 Production Line
• Positive Sentiment: Reports that the Pentagon may request ~$200B tied to the Iran conflict point to elevated defense spending in 2026–27, a macro tailwind for large defense contractors including NOC. Pentagon Seeks $200 Billion for Iran War
• Positive Sentiment: Northrop says it’s expanding its supplier network to accelerate missile-defense deliveries — an operational move that can improve program throughput and reduce schedule risk on high-profile programs. Northrop Grumman expands supplier network
• Positive Sentiment: Field test activity: Talon IQ conducted a test flight aimed at CCA Increment 2 capabilities — progress on unmanned/controlled-collaborative assets supports future contract opportunities and tech credibility. With an Eye To CCA Increment 2, Talon IQ Conducts Test Flight
• Positive Sentiment: Fundamentals reminder: coverage pieces highlight a large $95.7B backlog and solid recent results (Q4 beat), reinforcing the long-term revenue runway for NOC. Northrop Grumman Is Up 29% in 2026 With a $95.7 Billion Backlog
• Neutral Sentiment: Northrop set its Q1 2026 earnings release and webcast for April 21 (pre-market) — a routine disclosure date that will be a near-term catalyst (guidance and execution will matter). Northrop Grumman Announces Date for First Quarter 2026 Financial Results and Webcast
• Neutral Sentiment: Valuation/coverage pieces note strong YTD share gains and a recent pullback — useful context but not an immediate fundamental driver. A Look At Northrop Grumman (NOC) Valuation
• Neutral Sentiment: MarketWatch notes NOC outperformed peers intraday despite a decline—suggests sector factors, not company-specific news, explained some of the move. Northrop Grumman Corp. stock outperforms competitors
• Negative Sentiment: Competitive pressure: General Dynamics won a $15.38B Navy submarine-support contract — a large program win for a peer that can influence future budget allocation and competitive dynamics. General Dynamics’ Arm Wins a $15.38B Navy Deal
• Negative Sentiment: Program cost growth headlines (e.g., Golden Dome C2 primes and added $10B) may increase scrutiny on program costs and budget trade-offs across missile/space programs that involve prime contractors. Guetlein Names Golden Dome C2 Primes, Adds $10 Billion To Total Cost

Insider Transactions at Northrop Grumman

In other news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $684.52, for a total transaction of $65,029.40. Following the completion of the transaction, the director owned 4,203 shares of the company’s stock, valued at $2,877,037.56. The trade was a 2.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Kathy J. Warden sold 20,000 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $708.82, for a total transaction of $14,176,400.00. Following the completion of the sale, the chief executive officer owned 171,602 shares in the company, valued at $121,634,929.64. This represents a 10.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 32,431 shares of company stock worth $21,969,404. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NOC. Citigroup increased their target price on Northrop Grumman from $715.00 to $781.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. BTIG Research lifted their price target on Northrop Grumman from $680.00 to $815.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Alembic Global Advisors raised Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $662.00 price objective on the stock in a report on Monday, December 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Northrop Grumman in a research report on Wednesday, December 24th. Finally, TD Cowen reissued a “hold” rating on shares of Northrop Grumman in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $693.60.

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.