399 Shares in Northrop Grumman Co. (NYSE:NOC) Acquired by RMR Capital Management LLC

RMR Capital Management LLC bought a new stake in Northrop Grumman Co. (NYSE:NOC) during the third quarter, Holdings Channel reports. The institutional investor bought 399 shares of the aerospace company’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Optimum Investment Advisors raised its position in Northrop Grumman by 241.2% during the second quarter. Optimum Investment Advisors now owns 58 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 41 shares in the last quarter. Bank & Trust Co acquired a new stake in shares of Northrop Grumman in the 2nd quarter valued at $28,000. Meeder Asset Management Inc. lifted its stake in shares of Northrop Grumman by 245.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 76 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 54 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in Northrop Grumman in the third quarter worth $40,000. Finally, Strategic Financial Concepts LLC acquired a new position in Northrop Grumman during the second quarter worth $47,000. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Stock Performance

Shares of NOC traded down $1.67 on Tuesday, reaching $532.03. 57,954 shares of the stock traded hands, compared to its average volume of 859,301. The stock’s 50-day moving average price is $523.97 and its 200-day moving average price is $485.43. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.09 and a quick ratio of 0.97. The firm has a market cap of $77.51 billion, a price-to-earnings ratio of 33.07, a P/E/G ratio of 1.07 and a beta of 0.35. Northrop Grumman Co. has a 12 month low of $418.60 and a 12 month high of $555.57.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Thursday, October 24th. The aerospace company reported $7.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.07 by $0.93. Northrop Grumman had a net margin of 5.79% and a return on equity of 26.57%. The company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.18 billion. During the same quarter in the prior year, the company posted $6.18 EPS. The business’s revenue was up 2.3% on a year-over-year basis. Equities analysts forecast that Northrop Grumman Co. will post 25.95 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $2.06 per share. This represents a $8.24 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was Tuesday, September 3rd. Northrop Grumman’s payout ratio is 51.05%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Northrop Grumman from $500.00 to $560.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Susquehanna upped their target price on Northrop Grumman from $560.00 to $625.00 and gave the stock a “positive” rating in a research report on Friday, October 25th. Morgan Stanley boosted their price objective on shares of Northrop Grumman from $579.00 to $592.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating and raised their target price for the company from $474.00 to $575.00 in a research note on Monday, July 29th. Finally, Alembic Global Advisors lowered shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 target price for the company. in a research report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Northrop Grumman currently has a consensus rating of “Hold” and a consensus price target of $550.56.

About Northrop Grumman

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.