Fortis Capital Advisors LLC Acquires 131 Shares of Northrop Grumman Co. (NYSE:NOC)

Fortis Capital Advisors LLC raised its holdings in Northrop Grumman Co. (NYSE:NOCFree Report) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,537 shares of the aerospace company’s stock after acquiring an additional 131 shares during the period. Northrop Grumman comprises 0.6% of Fortis Capital Advisors LLC’s holdings, making the stock its 28th biggest holding. Fortis Capital Advisors LLC’s holdings in Northrop Grumman were worth $1,188,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SRS Capital Advisors Inc. grew its position in Northrop Grumman by 960.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 53 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 48 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Northrop Grumman during the fourth quarter worth about $25,000. Frazier Financial Advisors LLC bought a new stake in shares of Northrop Grumman during the fourth quarter worth about $29,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Northrop Grumman during the third quarter worth about $29,000. Finally, McIlrath & Eck LLC grew its holdings in shares of Northrop Grumman by 247.6% during the fourth quarter. McIlrath & Eck LLC now owns 73 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 52 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. StockNews.com upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Wells Fargo & Company upped their target price on Northrop Grumman from $483.00 to $518.00 and gave the company an “equal weight” rating in a report on Tuesday, April 30th. Robert W. Baird upped their target price on Northrop Grumman from $475.00 to $505.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Susquehanna boosted their price target on Northrop Grumman from $540.00 to $560.00 and gave the company a “positive” rating in a research note on Friday, April 26th. Finally, Alembic Global Advisors raised Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 price target on the stock in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $514.33.

View Our Latest Stock Report on Northrop Grumman

Northrop Grumman Stock Up 0.3 %

Northrop Grumman stock traded up $1.27 during trading on Friday, hitting $466.43. 420,855 shares of the company were exchanged, compared to its average volume of 859,820. The business’s 50 day moving average is $468.68 and its 200 day moving average is $465.09. Northrop Grumman Co. has a 52 week low of $414.56 and a 52 week high of $496.89. The company has a market capitalization of $69.03 billion, a P/E ratio of 32.62, a PEG ratio of 2.18 and a beta of 0.34. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 1.04.

Northrop Grumman (NYSE:NOCGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The aerospace company reported $6.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.83 by $0.49. Northrop Grumman had a return on equity of 24.09% and a net margin of 5.38%. The business had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same quarter in the prior year, the company posted $5.50 earnings per share. Northrop Grumman’s revenue was up 8.9% compared to the same quarter last year. Analysts predict that Northrop Grumman Co. will post 24.7 earnings per share for the current year.

Northrop Grumman Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Tuesday, May 28th will be paid a $2.06 dividend. This represents a $8.24 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Friday, May 24th. This is an increase from Northrop Grumman’s previous quarterly dividend of $1.87. Northrop Grumman’s dividend payout ratio is 52.31%.

Northrop Grumman Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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