Connor Clark & Lunn Investment Management Ltd. Acquires 41,399 Shares of Northrop Grumman Corporation $NOC

Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 117.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,668 shares of the aerospace company’s stock after buying an additional 41,399 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.05% of Northrop Grumman worth $39,048,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Brighton Jones LLC lifted its holdings in Northrop Grumman by 176.3% during the fourth quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock worth $1,394,000 after acquiring an additional 1,895 shares during the period. Bison Wealth LLC boosted its holdings in shares of Northrop Grumman by 5.3% in the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock worth $301,000 after buying an additional 32 shares during the last quarter. Woodline Partners LP grew its position in Northrop Grumman by 367.7% during the first quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company’s stock valued at $1,288,000 after buying an additional 1,978 shares during the period. AXA S.A. grew its position in Northrop Grumman by 1,487.8% during the second quarter. AXA S.A. now owns 16,338 shares of the aerospace company’s stock valued at $8,169,000 after buying an additional 15,309 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in Northrop Grumman by 6.7% during the second quarter. NewEdge Advisors LLC now owns 8,865 shares of the aerospace company’s stock worth $4,432,000 after buying an additional 553 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Stock Down 0.3%

NOC opened at $549.46 on Tuesday. Northrop Grumman Corporation has a 12 month low of $479.02 and a 12 month high of $774.00. The company has a market cap of $78.04 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 3.57 and a beta of -0.11. 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 50 day moving average of $541.56 and a 200 day moving average of $608.43.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.82 by $0.86. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The business 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 firm posted $8.15 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, sell-side analysts expect that Northrop Grumman Corporation will post 28.97 EPS for the current year.

Northrop Grumman Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, August 31st. This represents a $9.88 dividend on an annualized basis and a yield of 1.8%. Northrop Grumman’s dividend payout ratio is 31.39%.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $547.53, for a total value of $52,015.35. Following the completion of the transaction, the director owned 4,393 shares in the company, valued at $2,405,299.29. This trade represents a 2.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on NOC shares. UBS Group lifted their price objective on shares of Northrop Grumman from $666.00 to $685.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Robert W. Baird set a $500.00 price target on shares of Northrop Grumman in a report on Wednesday, July 22nd. Weiss Ratings downgraded Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Sanford C. Bernstein reissued a “market perform” rating and issued a $653.00 target price on shares of Northrop Grumman in a research report on Wednesday, August 5th. Finally, Susquehanna dropped their price target on Northrop Grumman from $785.00 to $655.00 and set a “positive” rating on the stock in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $661.30.

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.