Northrop Grumman Corporation $NOC Shares Acquired by Caisse de depot et placement du Quebec

Caisse de depot et placement du Quebec boosted its holdings in Northrop Grumman Corporation (NYSE:NOC) by 460.0% in the 2nd quarter, Holdings Channel reports. The firm owned 74,093 shares of the aerospace company’s stock after purchasing an additional 60,861 shares during the period. Caisse de depot et placement du Quebec’s holdings in Northrop Grumman were worth $37,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of NOC. Torren Management LLC purchased a new stake in shares of Northrop Grumman in the fourth quarter valued at about $26,000. Karpus Management Inc. acquired a new stake in shares of Northrop Grumman during the fourth quarter worth about $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Northrop Grumman during the fourth quarter worth about $29,000. Perkins Coie Trust Co purchased a new position in shares of Northrop Grumman during the second quarter worth about $29,000. Finally, Motiv8 Investments LLC acquired a new position in Northrop Grumman in the 4th quarter valued at about $30,000. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Price Performance

Shares of NOC opened at $545.83 on Friday. Northrop Grumman Corporation has a twelve month low of $479.02 and a twelve month high of $774.00. The stock’s 50 day moving average is $542.33 and its two-hundred day moving average is $604.78. The firm 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. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.82 by $0.86. The company had revenue of $10.88 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Research analysts anticipate that Northrop Grumman Corporation will post 28.97 earnings per share for the current year.

Northrop Grumman Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have commented on NOC shares. Deutsche Bank Aktiengesellschaft set a $615.00 price objective on Northrop Grumman in a research note on Wednesday, July 22nd. The Goldman Sachs Group lowered their target price on Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Weiss Ratings upgraded Northrop Grumman from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. UBS Group increased their price target on Northrop Grumman from $666.00 to $685.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $620.00 price objective on shares of Northrop Grumman in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $661.30.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of the stock in a transaction on 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 approximately $2,405,299.29. This represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

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.