Toronto Dominion Bank Has $34.54 Million Holdings in Northrop Grumman Co. (NYSE:NOC)

Toronto Dominion Bank lifted its holdings in Northrop Grumman Co. (NYSE:NOC - Free Report) by 7.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,609 shares of the aerospace company's stock after buying an additional 4,931 shares during the period. Toronto Dominion Bank owned about 0.05% of Northrop Grumman worth $34,544,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Whipplewood Advisors LLC purchased a new stake in shares of Northrop Grumman during the fourth quarter worth $31,000. Bellwether Advisors LLC acquired a new stake in shares of Northrop Grumman during the 4th quarter valued at about $33,000. Stonebridge Financial Group LLC acquired a new stake in shares of Northrop Grumman during the 4th quarter valued at about $42,000. Rakuten Securities Inc. grew its stake in shares of Northrop Grumman by 291.7% in the 4th quarter. Rakuten Securities Inc. now owns 94 shares of the aerospace company's stock valued at $44,000 after buying an additional 70 shares in the last quarter. Finally, VSM Wealth Advisory LLC acquired a new position in Northrop Grumman in the fourth quarter worth approximately $47,000. Hedge funds and other institutional investors own 83.40% of the company's stock.

Northrop Grumman Price Performance

NYSE NOC traded up $0.19 on Wednesday, reaching $475.66. The company's stock had a trading volume of 924,263 shares, compared to its average volume of 905,111. Northrop Grumman Co. has a 52 week low of $418.60 and a 52 week high of $555.57. The company has a current ratio of 1.01, a quick ratio of 0.91 and a debt-to-equity ratio of 0.96. The firm has a market cap of $68.46 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 3.73 and a beta of 0.15. The business has a 50-day moving average price of $494.14 and a 200 day moving average price of $483.52.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $6.06 earnings per share for the quarter, missing the consensus estimate of $6.33 by ($0.27). The company had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $10.07 billion. Northrop Grumman had a net margin of 10.17% and a return on equity of 26.24%. Sell-side analysts expect that Northrop Grumman Co. will post 28.05 EPS for the current year.

Northrop Grumman Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd will be given a dividend of $2.31 per share. The ex-dividend date is Monday, June 2nd. This is an increase from Northrop Grumman's previous quarterly dividend of $2.06. This represents a $9.24 dividend on an annualized basis and a yield of 1.94%. Northrop Grumman's dividend payout ratio is presently 36.46%.

Insider Activity at Northrop Grumman

In other Northrop Grumman news, CEO Kathy J. Warden sold 3,750 shares of Northrop Grumman stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $475.65, for a total value of $1,783,687.50. Following the completion of the sale, the chief executive officer now owns 212,852 shares in the company, valued at $101,243,053.80. The trade was a 1.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Benjamin R. Davies sold 464 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $460.75, for a total transaction of $213,788.00. Following the completion of the transaction, the vice president now directly owns 245 shares in the company, valued at approximately $112,883.75. This represents a 65.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,313 shares of company stock worth $2,045,249 in the last ninety days. Company insiders own 0.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NOC. Truist Financial reduced their target price on shares of Northrop Grumman from $600.00 to $550.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company set a $525.00 price target on Northrop Grumman and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Wolfe Research raised Northrop Grumman from an "underperform" rating to a "peer perform" rating in a report on Monday, February 3rd. UBS Group cut their price objective on Northrop Grumman from $583.00 to $571.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Argus raised Northrop Grumman to a "strong-buy" rating in a research report on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Northrop Grumman currently has a consensus rating of "Moderate Buy" and an average price target of $545.31.

Northrop Grumman Company Profile

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.