Canoe Financial LP Increases Position in Northrop Grumman Corporation $NOC

Canoe Financial LP grew its position in Northrop Grumman Corporation (NYSE:NOC) by 2.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,353 shares of the aerospace company’s stock after purchasing an additional 1,131 shares during the quarter. Canoe Financial LP’s holdings in Northrop Grumman were worth $36,400,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NOC. Brighton Jones LLC increased its holdings in Northrop Grumman by 176.3% in the fourth quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock valued at $1,394,000 after buying an additional 1,895 shares during the last quarter. Bison Wealth LLC boosted its position in shares of Northrop Grumman by 5.3% during the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock worth $301,000 after acquiring an additional 32 shares in the last quarter. Woodline Partners LP increased its holdings in shares of Northrop Grumman by 367.7% in the 1st quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company’s stock valued at $1,288,000 after acquiring an additional 1,978 shares during the last quarter. AXA S.A. increased its holdings in shares of Northrop Grumman by 1,487.8% in the 2nd quarter. AXA S.A. now owns 16,338 shares of the aerospace company’s stock valued at $8,169,000 after acquiring an additional 15,309 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of Northrop Grumman by 6.7% during the 2nd quarter. NewEdge Advisors LLC now owns 8,865 shares of the aerospace company’s stock worth $4,432,000 after acquiring an additional 553 shares in the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Trading Down 0.0%

NOC opened at $499.84 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. Northrop Grumman Corporation has a 52 week low of $489.26 and a 52 week high of $774.00. The business’s 50 day moving average is $556.35 and its two-hundred day moving average is $628.26. The firm has a market cap of $70.99 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 3.41 and a beta of -0.12.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share for the quarter, beating the consensus estimate of $6.06 by $0.08. The business had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.75 billion. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The company’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, research analysts predict that Northrop Grumman Corporation will post 27.95 EPS for the current year.

Northrop Grumman Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, June 1st were paid a dividend of $2.47 per share. The ex-dividend date was Monday, June 1st. This represents a $9.88 dividend on an annualized basis and a yield of 2.0%. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s dividend payout ratio (DPR) is currently 30.92%.

Analyst Upgrades and Downgrades

NOC has been the subject of a number of research analyst reports. Citigroup lowered their price target on Northrop Grumman from $742.00 to $628.00 and set a “buy” rating for the company in a report on Monday, May 18th. Morgan Stanley reduced their price objective on shares of Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Weiss Ratings cut shares of Northrop Grumman from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, June 18th. Raymond James Financial reaffirmed an “outperform” rating on shares of Northrop Grumman in a research report on Monday, June 15th. Finally, Wall Street Zen lowered shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Saturday, April 25th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $700.53.

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.