Canada Pension Plan Investment Board Has $160.19 Million Stock Holdings in Northrop Grumman Corporation $NOC

Canada Pension Plan Investment Board cut its stake in Northrop Grumman Corporation (NYSE:NOC) by 13.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 314,532 shares of the aerospace company’s stock after selling 49,036 shares during the period. Canada Pension Plan Investment Board’s holdings in Northrop Grumman were worth $160,194,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Kestra Investment Management LLC increased its holdings in shares of Northrop Grumman by 4.4% during the 4th quarter. Kestra Investment Management LLC now owns 353 shares of the aerospace company’s stock worth $201,000 after acquiring an additional 15 shares during the last quarter. Evolution Wealth Management Inc. increased its position in Northrop Grumman by 6.8% during the 4th quarter. Evolution Wealth Management Inc. now owns 235 shares of the aerospace company’s stock valued at $134,000 after purchasing an additional 15 shares during the period. Diversified Portfolios Inc. increased its holdings in Northrop Grumman by 0.9% in the fourth quarter. Diversified Portfolios Inc. now owns 1,789 shares of the aerospace company’s stock worth $1,020,000 after purchasing an additional 16 shares in the last quarter. South Plains Financial Inc. boosted its holdings in Northrop Grumman by 1.8% in the fourth quarter. South Plains Financial Inc. now owns 896 shares of the aerospace company’s stock worth $511,000 after acquiring an additional 16 shares in the last quarter. Finally, Tobias Financial Advisors Inc. increased its holdings in Northrop Grumman by 4.7% during the 4th quarter. Tobias Financial Advisors Inc. now owns 379 shares of the aerospace company’s stock worth $216,000 after purchasing an additional 17 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

More Northrop Grumman News

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

• Positive Sentiment: Northrop Grumman expects to win a “decent share” of the potentially massive Golden Dome missile-defense program. CEO Kathy Warden’s comments reinforce the company’s positioning in space-based defense, although contracts and award values have not yet been finalized. Northrop Grumman expects decent share of Golden Dome missile defense
• Positive Sentiment: The company is expanding its international defense business as allied nations increase military spending. International sales are rising, and management is targeting approximately $10 billion in annual international revenue by 2031, suggesting a potential long-term growth avenue beyond U.S. government demand. Is Northrop Grumman Expanding Its International Defense Business?
• Positive Sentiment: Management says Northrop is operating on a “wartime footing,” while geopolitical tensions and active conflicts are driving a global defense-spending boom. That backdrop could support demand for the company’s missile, space and other defense platforms. Northrop Grumman Is on a Wartime Footing, CEO Says
• Neutral Sentiment: Northrop Grumman maintained its quarterly dividend at $2.47 per share, payable September 16 to shareholders of record August 31. The steady payout supports income-focused investors, but the absence of a new increase provides little incremental catalyst. NOC Steady at $2.47: A Closer Look at Northrop Grumman Corporation’s Dividend Discipline
• Neutral Sentiment: A $1.55 billion U.S. rare-earth initiative could benefit defense contractors by strengthening strategic-material supply chains, but the direct financial effect on Northrop Grumman remains unclear. Why Trump’s $1.55 billion rare earth move matters for Northrop Grumman

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $653.00 price target on shares of Northrop Grumman in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft set a $615.00 target price on Northrop Grumman in a research note on Wednesday, July 22nd. Morgan Stanley set a $745.00 price target on Northrop Grumman in a research note on Wednesday, July 15th. Susquehanna decreased their target price on shares of Northrop Grumman from $785.00 to $655.00 and set a “positive” rating for the company in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $620.00 price target on shares of Northrop Grumman in a report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $661.30.

Insider Activity

In other 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 value of $52,015.35. Following the completion of the sale, the director owned 4,393 shares in the company, valued at approximately $2,405,299.29. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

Northrop Grumman Price Performance

NYSE:NOC opened at $550.61 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $78.20 billion, a P/E ratio of 17.49, a P/E/G ratio of 3.51 and a beta of -0.11. Northrop Grumman Corporation has a 12 month low of $479.02 and a 12 month high of $774.00. The business’s 50-day moving average is $541.40 and its 200 day moving average is $606.36.

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

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Monday, August 31st will be issued a dividend of $2.47 per share. This represents a $9.88 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, August 31st. Northrop Grumman’s dividend payout ratio is presently 31.39%.

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.