Cibc World Market Inc. Lowers Position in Northrop Grumman Corporation $NOC

Cibc World Market Inc. reduced its holdings in Northrop Grumman Corporation (NYSE:NOC) by 29.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,208 shares of the aerospace company’s stock after selling 943 shares during the quarter. Cibc World Market Inc.’s holdings in Northrop Grumman were worth $1,345,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Focused Investors LLC grew its stake in shares of Northrop Grumman by 4.1% in the third quarter. Focused Investors LLC now owns 211,800 shares of the aerospace company’s stock worth $129,054,000 after acquiring an additional 8,300 shares during the last quarter. Merit Financial Group LLC lifted its position in Northrop Grumman by 74.5% during the third quarter. Merit Financial Group LLC now owns 11,060 shares of the aerospace company’s stock valued at $6,739,000 after purchasing an additional 4,721 shares during the period. Huntleigh Advisors Inc. purchased a new position in shares of Northrop Grumman in the 3rd quarter worth $2,818,000. Oak Thistle LLC purchased a new stake in Northrop Grumman during the third quarter valued at $1,015,000. Finally, Mawer Investment Management Ltd. bought a new position in shares of Northrop Grumman in the 2nd quarter worth approximately $491,985,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on NOC. JPMorgan Chase & Co. lifted their target price on Northrop Grumman from $575.00 to $640.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. UBS Group raised their target price on shares of Northrop Grumman from $777.00 to $778.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Citigroup lifted their price objective on Northrop Grumman from $715.00 to $781.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Alembic Global Advisors raised shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $662.00 target price for the company in a report on Monday, December 15th. Finally, Vertical Research reaffirmed a “hold” rating and set a $688.00 price target on shares of Northrop Grumman in a research note on Tuesday, January 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Northrop Grumman has a consensus rating of “Moderate Buy” and an average price target of $693.60.

Northrop Grumman Trading Up 1.0%

Northrop Grumman stock opened at $702.20 on Tuesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.01 and a current ratio of 1.10. The stock has a market cap of $99.66 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 5.22 and a beta of 0.04. The stock has a 50-day moving average of $629.70 and a two-hundred day moving average of $600.16. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $715.61.

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

Northrop Grumman Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Monday, February 23rd will be paid a dividend of $2.31 per share. This represents a $9.24 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, February 23rd. Northrop Grumman’s dividend payout ratio is currently 31.72%.

Insider Transactions at Northrop Grumman

In related news, CEO Kathy J. Warden sold 20,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 171,602 shares of the company’s stock, valued at approximately $121,634,929.64. This represents a 10.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mark A. Welsh III sold 95 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $684.52, for a total transaction of $65,029.40. Following the sale, the director owned 4,203 shares of the company’s stock, valued at approximately $2,877,037.56. The trade was a 2.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 30,192 shares of company stock valued at $20,341,145. 0.23% of the stock is owned by insiders.

Northrop Grumman Company Profile

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.