Cibc World Market Inc. Acquires 2,035 Shares of Northrop Grumman Corporation $NOC

Cibc World Market Inc. lifted its holdings in Northrop Grumman Corporation (NYSE:NOC) by 92.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,243 shares of the aerospace company’s stock after buying an additional 2,035 shares during the period. Cibc World Market Inc.’s holdings in Northrop Grumman were worth $2,419,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Torren Management LLC bought a new stake in shares of Northrop Grumman in the 4th quarter worth about $26,000. Financial Life Planners bought a new stake in shares of Northrop Grumman in the 3rd quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Northrop Grumman in the 4th quarter worth about $29,000. Hopwood Financial Services Inc. bought a new stake in shares of Northrop Grumman in the 3rd quarter worth about $30,000. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in shares of Northrop Grumman in the 3rd quarter worth about $32,000. 83.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Northrop Grumman in a report on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 target price on the stock. UBS Group reduced their target price on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Citigroup reduced their target price on shares of Northrop Grumman from $742.00 to $628.00 and set a “buy” rating on the stock in a report on Monday, May 18th. BTIG Research restated a “buy” rating and issued a $815.00 target price on shares of Northrop Grumman in a report on Wednesday, April 22nd. Finally, Morgan Stanley reduced their target price on shares of Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Northrop Grumman currently has an average rating of “Moderate Buy” and an average target price of $702.63.

Northrop Grumman Stock Performance

Shares of NYSE:NOC opened at $539.96 on Tuesday. The company has a market capitalization of $76.69 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 3.71 and a beta of -0.12. Northrop Grumman Corporation has a 12 month low of $472.02 and a 12 month high of $774.00. The firm’s 50-day moving average is $600.59 and its 200 day moving average is $631.37. The company has a current ratio of 1.15, a quick ratio of 1.04 and a debt-to-equity ratio of 0.84.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Tuesday, April 21st. The aerospace company reported $6.14 EPS for the quarter, beating the consensus estimate of $6.06 by $0.08. The company had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.75 billion. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.06 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Research analysts predict that Northrop Grumman Corporation will post 27.93 EPS for the current year.

Northrop Grumman Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st will be paid a $2.47 dividend. The ex-dividend date is Monday, June 1st. This represents a $9.88 dividend on an annualized basis and a yield of 1.8%. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s payout ratio is currently 30.92%.

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.