CIBC Asset Management Inc Purchases 12,799 Shares of Northrop Grumman Corporation $NOC

CIBC Asset Management Inc lifted its position in Northrop Grumman Corporation (NYSE:NOC) by 66.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,097 shares of the aerospace company’s stock after purchasing an additional 12,799 shares during the quarter. CIBC Asset Management Inc’s holdings in Northrop Grumman were worth $18,302,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NOC. Torren Management LLC bought a new stake in shares of Northrop Grumman in the 4th quarter worth approximately $26,000. Financial Life Planners purchased a new position in Northrop Grumman in the 3rd quarter worth $27,000. Physician Wealth Advisors Inc. lifted its stake in Northrop Grumman by 200.0% in the third quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 32 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Northrop Grumman during the fourth quarter valued at about $29,000. Finally, Hopwood Financial Services Inc. purchased a new stake in Northrop Grumman during the third quarter valued at about $30,000. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Price Performance

NOC opened at $544.62 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15. The stock has a market capitalization of $77.35 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 3.59 and a beta of -0.12. The stock’s 50 day moving average price is $606.56 and its 200-day moving average price is $631.68. Northrop Grumman Corporation has a 52-week low of $472.02 and a 52-week high of $774.00.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results 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 for the quarter, compared to analysts’ expectations 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 for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, equities 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. Stockholders of record on Monday, June 1st will be paid a dividend of $2.47 per share. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s payout ratio is presently 30.92%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Jefferies Financial Group decreased their price objective on Northrop Grumman from $660.00 to $620.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. Weiss Ratings cut Northrop Grumman from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Wall Street Zen cut Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Saturday, April 25th. Citigroup lowered their price objective on Northrop Grumman from $742.00 to $628.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Finally, Morgan Stanley dropped their price objective on Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Two 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 company’s stock. According to MarketBeat.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and an average target price of $702.63.

Northrop Grumman 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.