Mackenzie Financial Corp Raises Position in Northrop Grumman Corporation $NOC

Mackenzie Financial Corp grew its holdings in Northrop Grumman Corporation (NYSE:NOC) by 4.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 173,148 shares of the aerospace company’s stock after acquiring an additional 7,641 shares during the period. Mackenzie Financial Corp’s holdings in Northrop Grumman were worth $105,503,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Howard Financial Services LTD. raised its stake in shares of Northrop Grumman by 1.5% in the third quarter. Howard Financial Services LTD. now owns 1,127 shares of the aerospace company’s stock valued at $687,000 after acquiring an additional 17 shares in the last quarter. West Wealth Group LLC grew its stake in Northrop Grumman by 4.3% during the 3rd quarter. West Wealth Group LLC now owns 412 shares of the aerospace company’s stock worth $251,000 after purchasing an additional 17 shares in the last quarter. King Luther Capital Management Corp increased its holdings in Northrop Grumman by 1.5% during the 2nd quarter. King Luther Capital Management Corp now owns 1,243 shares of the aerospace company’s stock worth $621,000 after purchasing an additional 18 shares during the period. Dakota Community Bank & Trust NA increased its holdings in Northrop Grumman by 6.9% during the 3rd quarter. Dakota Community Bank & Trust NA now owns 278 shares of the aerospace company’s stock worth $169,000 after purchasing an additional 18 shares during the period. Finally, Chesley Taft & Associates LLC raised its position in Northrop Grumman by 1.3% in the 3rd quarter. Chesley Taft & Associates LLC now owns 1,375 shares of the aerospace company’s stock valued at $838,000 after purchasing an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. BNP Paribas Exane assumed coverage on Northrop Grumman in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $710.00 price objective for the company. Jefferies Financial Group raised their target price on shares of Northrop Grumman from $630.00 to $690.00 and gave the company a “hold” rating in a report on Sunday, February 1st. Citigroup lifted their price target on shares of Northrop Grumman from $715.00 to $781.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Morgan Stanley reiterated an “overweight” rating and set a $765.00 price target on shares of Northrop Grumman in a report on Wednesday, January 28th. Finally, Vertical Research reissued a “hold” rating and issued a $688.00 price objective on shares of Northrop Grumman in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $693.60.

Insider Activity at Northrop Grumman

In related news, VP Benjamin R. Davies sold 2,189 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $719.61, for a total value of $1,575,226.29. Following the transaction, the vice president directly owned 151 shares of the company’s stock, valued at $108,661.11. This trade represents a 93.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $684.52, for a total transaction of $65,029.40. Following the sale, the director owned 4,203 shares in the company, valued at $2,877,037.56. This represents a 2.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,431 shares of company stock worth $21,969,404 over the last 90 days. 0.23% of the stock is owned by corporate insiders.

Northrop Grumman Trading Down 0.2%

NOC opened at $733.57 on Thursday. Northrop Grumman Corporation has a one year low of $450.13 and a one year high of $774.00. The company has a market cap of $104.11 billion, a P/E ratio of 25.18, a PEG ratio of 5.46 and a beta of 0.03. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.01 and a current ratio of 1.10. The business’s 50-day simple moving average is $685.24 and its 200-day simple moving average is $617.55.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share for the quarter, topping the consensus estimate of $6.97 by $0.26. The business had revenue of $11.71 billion for the quarter, compared to analyst estimates of $11.61 billion. Northrop Grumman had a return on equity of 25.57% and a net margin of 9.97%.The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the company earned $6.39 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, equities research analysts expect that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Monday, February 23rd were issued a dividend of $2.31 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $9.24 dividend on an annualized basis and a yield of 1.3%. Northrop Grumman’s dividend payout ratio (DPR) is presently 31.72%.

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.