TD Asset Management Inc Grows Stock Holdings in Northrop Grumman Corporation $NOC

TD Asset Management Inc raised its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 4.5% during the fourth quarter, HoldingsChannel reports. The firm owned 96,690 shares of the aerospace company’s stock after purchasing an additional 4,163 shares during the period. TD Asset Management Inc’s holdings in Northrop Grumman were worth $55,134,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NOC. Torren Management LLC purchased a new stake in Northrop Grumman during the fourth quarter valued at about $26,000. Financial Life Planners purchased a new stake in Northrop Grumman during the third quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Northrop Grumman during the fourth quarter valued at about $29,000. Hopwood Financial Services Inc. purchased a new stake in Northrop Grumman during the third quarter valued at about $30,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in Northrop Grumman during the third quarter valued at about $32,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

NOC has been the topic of a number of research reports. BTIG Research restated a “buy” rating and set a $815.00 price target on shares of Northrop Grumman in a research report on Wednesday, April 22nd. Jefferies Financial Group lowered their price target on Northrop Grumman from $660.00 to $620.00 and set a “buy” rating on the stock in a research report on Tuesday, May 26th. Wall Street Zen downgraded Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research report on Saturday, April 25th. Argus set a $785.00 price target on Northrop Grumman in a research report on Tuesday, February 10th. Finally, Weiss Ratings downgraded Northrop Grumman from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Northrop Grumman currently has a consensus rating of “Moderate Buy” and a consensus price target of $702.63.

Northrop Grumman Stock Down 0.1%

Shares of NYSE:NOC opened at $544.73 on Friday. Northrop Grumman Corporation has a 1 year low of $472.02 and a 1 year high of $774.00. The company has a market cap of $77.37 billion, a PE ratio of 17.05, a P/E/G ratio of 3.72 and a beta of -0.12. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.04. The stock’s 50-day moving average is $603.63 and its 200 day moving average is $631.07.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.06 by $0.08. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The company had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter in the previous year, the business earned $6.06 EPS. Northrop Grumman’s revenue was up 4.4% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Sell-side analysts anticipate that Northrop Grumman Corporation will post 27.93 EPS for the current year.

Northrop Grumman Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Monday, June 1st will be issued a dividend of $2.47 per share. The ex-dividend date is Monday, June 1st. This represents a $9.88 dividend on an annualized basis and a yield of 1.8%. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s dividend payout ratio (DPR) is presently 30.92%.

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.