TD Waterhouse Canada Inc. Has $7.44 Million Stock Position in Northrop Grumman Corporation $NOC

TD Waterhouse Canada Inc. boosted its holdings in Northrop Grumman Corporation (NYSE:NOC) by 82.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,306 shares of the aerospace company’s stock after buying an additional 6,462 shares during the period. TD Waterhouse Canada Inc.’s holdings in Northrop Grumman were worth $7,440,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NOC. Financial Life Planners bought a new stake in shares of Northrop Grumman in the first quarter valued at approximately $30,000. Karpus Management Inc. bought a new position in Northrop Grumman during the fourth quarter worth $26,000. Whipplewood Advisors LLC raised its stake in Northrop Grumman by 380.0% during the 1st quarter. Whipplewood Advisors LLC now owns 48 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 38 shares during the last quarter. Motiv8 Investments LLC acquired a new position in Northrop Grumman during the 4th quarter valued at $30,000. Finally, EFG International AG bought a new stake in Northrop Grumman in the 4th quarter valued at $31,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Trading Down 2.7%

Shares of Northrop Grumman stock opened at $513.89 on Friday. Northrop Grumman Corporation has a 52-week low of $479.02 and a 52-week high of $774.00. The firm has a market capitalization of $72.99 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 3.02 and a beta of -0.11. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06. The company’s fifty day moving average price is $544.64 and its two-hundred day moving average price is $599.04.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, topping analysts’ consensus estimates of $6.82 by $0.86. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The company had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the firm earned $8.15 EPS. The firm’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, analysts expect that Northrop Grumman Corporation will post 28.97 EPS for the current year.

Northrop Grumman Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Monday, August 31st will be paid 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 yield of 1.9%. Northrop Grumman’s dividend payout ratio (DPR) is currently 31.39%.

Wall Street Analyst Weigh In

Several research firms have issued reports on NOC. Deutsche Bank Aktiengesellschaft set a $615.00 price target on shares of Northrop Grumman in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. reduced their target price on shares of Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. Weiss Ratings upgraded shares of Northrop Grumman from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. The Goldman Sachs Group lowered their price target 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. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $653.00 price target on shares of Northrop Grumman in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $661.30.

Insiders Place Their Bets

In other Northrop Grumman news, Director Mark Welsh, III sold 95 shares of Northrop Grumman stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $547.53, for a total transaction of $52,015.35. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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.