941 Northrop Grumman Corporation $NOC Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC boosted its holdings in Northrop Grumman Corporation (NYSE:NOC) by 3.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,951 shares of the aerospace company’s stock after purchasing an additional 941 shares during the quarter. ProShare Advisors LLC’s holdings in Northrop Grumman were worth $12,063,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in Northrop Grumman by 1.3% in the 2nd quarter. State Street Corp now owns 13,169,195 shares of the aerospace company’s stock valued at $6,707,203,000 after buying an additional 168,267 shares during the period. Sage Capital Advisors llc acquired a new position in shares of Northrop Grumman during the 3rd quarter valued at about $5,773,000. Jupiter Topco LLC purchased a new position in shares of Northrop Grumman during the 2nd quarter worth about $3,308,000. Bank of America Corp DE purchased a new position in shares of Northrop Grumman during the 2nd quarter worth about $1,298,141,000. Finally, AXQ Capital LP purchased a new position in shares of Northrop Grumman during the 2nd quarter worth about $1,461,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Stock Performance

Northrop Grumman stock opened at $550.17 on Wednesday. The company has a market cap of $78.16 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 2.98 and a beta of -0.13. Northrop Grumman Corporation has a 12 month low of $470.06 and a 12 month high of $774.00. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.23 and a quick ratio of 1.14. The stock’s 50-day moving average is $520.59 and its 200-day moving average is $590.91.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, October 20th. The aerospace company reported $7.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.18 by $0.71. The business had revenue of $11.12 billion during the quarter, compared to analysts’ expectations of $11.14 billion. Northrop Grumman had a return on equity of 23.46% and a net margin of 10.37%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.67 EPS. Equities analysts anticipate that Northrop Grumman Corporation will post 29.64 earnings per share for the current year.

Northrop Grumman Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Monday, August 31st were given a dividend of $2.47 per share. This represents a $9.88 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, August 31st. Northrop Grumman’s payout ratio is 31.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NOC shares. Jefferies Financial Group restated a “hold” rating and issued a $585.00 target price on shares of Northrop Grumman in a report on Sunday, October 25th. BNP Paribas Exane increased their price target on shares of Northrop Grumman from $540.00 to $600.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 21st. Guggenheim lifted their price target on shares of Northrop Grumman from $612.00 to $640.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. Barclays boosted their price objective on shares of Northrop Grumman from $419.00 to $430.00 and gave the company an “underweight” rating in a research note on Thursday, October 22nd. Finally, Susquehanna dropped their price objective on Northrop Grumman from $785.00 to $655.00 and set a “positive” rating for the company in a report on Wednesday, July 22nd. Fifteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $643.74.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, Director Mark Welsh, III sold 98 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $555.65, for a total transaction of $54,453.70. Following the completion of the sale, the director directly owned 4,314 shares in the company, valued at $2,397,074.10. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by corporate insiders.

About Northrop Grumman

Northrop Grumman Corporation (NYSE:NOC) is a global aerospace and defense company that develops and produces systems for government and commercial customers, with the U.S. government representing its primary customer base. The company operates across aerospace, defense, space, cybersecurity and advanced technology markets.

Its products and services include military aircraft and autonomous systems, space systems and satellites, missile defense technologies, command-and-control systems, cyber solutions, sensors, communications networks and other mission-critical systems.