Colony Group LLC Has $13.11 Million Stake in Northrop Grumman Corporation (NOC)
Colony Group LLC lifted its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,059 shares of the aerospace company’s stock after purchasing an additional 260 shares during the quarter. Colony Group LLC’s holdings in Northrop Grumman Corporation were worth $13,107,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of NOC. Koch Industries Inc. lifted its position in shares of Northrop Grumman Corporation by 21,654.4% during the 2nd quarter. Koch Industries Inc. now owns 207,972 shares of the aerospace company’s stock valued at $207,000 after buying an additional 207,016 shares in the last quarter. National Asset Management Inc. purchased a new position in shares of Northrop Grumman Corporation during the 2nd quarter valued at approximately $205,000. Kingfisher Capital LLC lifted its position in shares of Northrop Grumman Corporation by 1.5% during the 2nd quarter. Kingfisher Capital LLC now owns 3,435 shares of the aerospace company’s stock valued at $882,000 after buying an additional 51 shares in the last quarter. Intellectus Partners LLC lifted its position in shares of Northrop Grumman Corporation by 49.9% during the 2nd quarter. Intellectus Partners LLC now owns 2,306 shares of the aerospace company’s stock valued at $592,000 after buying an additional 768 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC lifted its position in shares of Northrop Grumman Corporation by 2.6% during the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 4,010 shares of the aerospace company’s stock valued at $1,029,000 after buying an additional 100 shares in the last quarter. 81.37% of the stock is currently owned by institutional investors and hedge funds.
In other Northrop Grumman Corporation news, VP Lisa R. Davis sold 367 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $263.25, for a total transaction of $96,612.75. Following the transaction, the vice president now owns 961 shares of the company’s stock, valued at approximately $252,983.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.70% of the stock is owned by company insiders.
Shares of Northrop Grumman Corporation (NYSE:NOC) traded down 0.52% during trading on Friday, hitting $297.14. The stock had a trading volume of 249,548 shares. The stock’s 50-day moving average price is $278.71 and its 200-day moving average price is $261.03. The company has a market cap of $51.73 billion, a P/E ratio of 22.70 and a beta of 0.68. Northrop Grumman Corporation has a one year low of $214.59 and a one year high of $299.33.
Northrop Grumman Corporation (NYSE:NOC) last issued its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.31. Northrop Grumman Corporation had a return on equity of 39.22% and a net margin of 9.20%. The firm had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same quarter last year, the firm earned $2.85 EPS. Northrop Grumman Corporation’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities research analysts forecast that Northrop Grumman Corporation will post $12.56 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Monday, August 28th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $4.00 dividend on an annualized basis and a yield of 1.34%. Northrop Grumman Corporation’s dividend payout ratio (DPR) is presently 30.56%.
NOC has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating and issued a $309.00 price objective on shares of Northrop Grumman Corporation in a report on Wednesday, August 23rd. Deutsche Bank AG restated a “buy” rating and issued a $285.00 price objective (up previously from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Royal Bank Of Canada set a $294.00 price objective on Northrop Grumman Corporation and gave the company a “buy” rating in a report on Tuesday, August 29th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $269.00 price objective on shares of Northrop Grumman Corporation in a report on Friday, September 29th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Northrop Grumman Corporation presently has an average rating of “Buy” and a consensus price target of $276.72.
TRADEMARK VIOLATION WARNING: “Colony Group LLC Has $13.11 Million Stake in Northrop Grumman Corporation (NOC)” was posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this piece of content can be accessed at https://www.watchlistnews.com/colony-group-llc-has-13-11-million-stake-in-northrop-grumman-corporation-noc/1628494.html.
Northrop Grumman Corporation Profile
Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.
Want to see what other hedge funds are holding NOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northrop Grumman Corporation (NYSE:NOC).
Receive News & Ratings for Northrop Grumman Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.