Canoe Financial LP Trims Holdings in Northrop Grumman Corporation $NOC

Canoe Financial LP trimmed its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 2.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,264 shares of the aerospace company’s stock after selling 2,331 shares during the quarter. Canoe Financial LP’s holdings in Northrop Grumman were worth $47,688,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in Northrop Grumman by 176.3% in the 4th 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 period. Bison Wealth LLC raised its stake in shares of Northrop Grumman by 5.3% during the fourth quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock valued at $301,000 after acquiring an additional 32 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Northrop Grumman by 3.9% in the first quarter. American Century Companies Inc. now owns 9,980 shares of the aerospace company’s stock valued at $5,110,000 after purchasing an additional 370 shares during the period. Ieq Capital LLC boosted its holdings in shares of Northrop Grumman by 94.5% in the first quarter. Ieq Capital LLC now owns 27,363 shares of the aerospace company’s stock valued at $14,010,000 after purchasing an additional 13,298 shares during the period. Finally, CreativeOne Wealth LLC grew its stake in Northrop Grumman by 73.4% in the first quarter. CreativeOne Wealth LLC now owns 5,387 shares of the aerospace company’s stock worth $2,758,000 after purchasing an additional 2,281 shares in the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Mark A. Welsh III sold 97 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $564.08, for a total transaction of $54,715.76. Following the transaction, the director directly owned 4,281 shares in the company, valued at $2,414,826.48. The trade was a 2.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on NOC. BNP Paribas Exane began coverage on Northrop Grumman in a report on Tuesday, November 18th. They issued an “outperform” rating and a $710.00 target price for the company. Deutsche Bank Aktiengesellschaft set a $700.00 price objective on shares of Northrop Grumman and gave the stock a “buy” rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on shares of Northrop Grumman from $575.00 to $640.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Wall Street Zen raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Finally, BTIG Research increased their price objective on shares of Northrop Grumman from $630.00 to $680.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $651.18.

Northrop Grumman Stock Performance

NOC stock opened at $582.00 on Friday. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $640.90. The firm has a market cap of $83.06 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 5.01 and a beta of 0.05. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 1.11. The firm has a 50-day simple moving average of $571.63 and a two-hundred day simple moving average of $564.61.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, topping the consensus estimate of $6.43 by $1.24. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The firm had revenue of $10.42 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the previous year, the business posted $7.00 EPS. Northrop Grumman’s revenue was up 4.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, equities analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st were given a $2.31 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.6%. Northrop Grumman’s dividend payout ratio (DPR) is presently 33.24%.

About Northrop Grumman

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.