Boston Advisors LLC lifted its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 7.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,536 shares of the aerospace company’s stock after buying an additional 825 shares during the period. Boston Advisors LLC’s holdings in Northrop Grumman were worth $4,324,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of NOC. Griffin Asset Management Inc. grew its stake in Northrop Grumman by 3.3% during the 3rd quarter. Griffin Asset Management Inc. now owns 5,417 shares of the aerospace company’s stock valued at $2,030,000 after acquiring an additional 175 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in Northrop Grumman during the 3rd quarter valued at about $35,000. Tower Research Capital LLC TRC grew its stake in Northrop Grumman by 18,017.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,080 shares of the aerospace company’s stock valued at $1,154,000 after acquiring an additional 3,063 shares in the last quarter. Carillon Tower Advisers Inc. purchased a new stake in Northrop Grumman during the 3rd quarter valued at about $3,823,000. Finally, Principle Wealth Partners LLC grew its stake in Northrop Grumman by 19.1% during the 3rd quarter. Principle Wealth Partners LLC now owns 2,091 shares of the aerospace company’s stock valued at $784,000 after acquiring an additional 336 shares in the last quarter. Institutional investors own 82.92% of the company’s stock.
Several research firms have recently weighed in on NOC. Zacks Investment Research raised shares of Northrop Grumman from a “hold” rating to a “buy” rating and set a $377.00 price target for the company in a research note on Tuesday, September 10th. Morgan Stanley increased their price target on shares of Northrop Grumman from $418.00 to $437.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Barclays set a $415.00 price target on shares of Northrop Grumman and gave the company a “buy” rating in a research note on Tuesday, October 8th. Sanford C. Bernstein upped their price objective on shares of Northrop Grumman from $374.00 to $385.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Finally, ValuEngine lowered shares of Northrop Grumman from a “sell” rating to a “strong sell” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $365.08.
Shares of NYSE NOC traded up $0.06 during mid-day trading on Wednesday, reaching $343.21. The company had a trading volume of 708,800 shares, compared to its average volume of 952,159. The company has a current ratio of 1.29, a quick ratio of 1.19 and a debt-to-equity ratio of 1.55. The firm has a 50 day simple moving average of $350.94 and a two-hundred day simple moving average of $344.87. The stock has a market cap of $59.28 billion, a P/E ratio of 16.09, a PEG ratio of 1.32 and a beta of 0.77. Northrop Grumman Co. has a 52-week low of $223.63 and a 52-week high of $383.89.
Northrop Grumman (NYSE:NOC) last posted its earnings results on Thursday, October 24th. The aerospace company reported $5.49 EPS for the quarter, beating the Zacks’ consensus estimate of $4.74 by $0.75. Northrop Grumman had a net margin of 9.05% and a return on equity of 39.12%. The firm had revenue of $8.48 billion for the quarter, compared to the consensus estimate of $8.56 billion. During the same period last year, the firm posted $6.54 EPS. The company’s revenue was up 4.8% on a year-over-year basis. On average, equities analysts expect that Northrop Grumman Co. will post 20.38 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, December 2nd will be paid a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, November 29th. Northrop Grumman’s dividend payout ratio (DPR) is presently 24.75%.
About Northrop Grumman
Northrop Grumman Corporation, a security company, provides products in the areas of autonomous systems, cyber, space, strikes, and logistics and modernizations in the United States, the Asia Pacific, and internationally. The company operates through four segments: Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services.
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