Caisse de depot et placement du Quebec Grows Stock Position in Northrop Grumman Corporation $NOC

Caisse de depot et placement du Quebec increased its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 460.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,093 shares of the aerospace company’s stock after purchasing an additional 60,861 shares during the quarter. Caisse de depot et placement du Quebec owned 0.05% of Northrop Grumman worth $37,736,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Northrop Grumman in the second quarter valued at approximately $6,001,616,000. Capital World Investors lifted its stake in Northrop Grumman by 39.4% in the fourth quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock worth $1,958,151,000 after acquiring an additional 970,029 shares during the last quarter. Geode Capital Management LLC grew its holdings in Northrop Grumman by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 3,149,478 shares of the aerospace company’s stock worth $1,793,478,000 after acquiring an additional 17,948 shares in the last quarter. Franklin Resources Inc. grew its holdings in Northrop Grumman by 4.3% during the 4th quarter. Franklin Resources Inc. now owns 3,125,139 shares of the aerospace company’s stock worth $1,781,986,000 after acquiring an additional 128,855 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Northrop Grumman by 3.9% during the 4th quarter. Invesco Ltd. now owns 1,666,517 shares of the aerospace company’s stock worth $950,265,000 after acquiring an additional 62,817 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Analysts Set New Price Targets

NOC has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft set a $615.00 price objective on shares of Northrop Grumman in a report on Wednesday, July 22nd. JPMorgan Chase & Co. dropped their target price on Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating on the stock in a report on Thursday, July 23rd. Citigroup raised their price target on Northrop Grumman from $617.00 to $667.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $620.00 price target on shares of Northrop Grumman in a report on Wednesday, July 8th. Finally, TD Cowen upped their price objective on Northrop Grumman from $550.00 to $590.00 and gave the stock a “hold” rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Northrop Grumman has an average rating of “Moderate Buy” and an average price target of $661.30.

Insider Activity at Northrop Grumman

In other news, Director Mark A. Welsh III sold 95 shares of the business’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 sale, the director directly owned 4,393 shares of the company’s stock, valued at approximately $2,405,299.29. The trade was a 2.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 Stock Up 0.1%

Shares of NYSE:NOC opened at $545.83 on Friday. 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 firm has a 50 day simple moving average of $542.33 and a 200-day simple moving average of $604.78. The company has a market capitalization of $77.52 billion, a PE ratio of 17.34, a P/E/G ratio of 3.53 and a beta of -0.11. Northrop Grumman Corporation has a twelve month low of $479.02 and a twelve month high of $774.00.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 EPS 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 firm had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period last year, the business earned $8.15 EPS. Northrop Grumman’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, equities analysts predict that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Monday, August 31st will be given a dividend of $2.47 per share. The ex-dividend date is Monday, August 31st. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.8%. Northrop Grumman’s payout ratio is 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.