Northrop Grumman Corporation $NOC Stock: Investment Partners LTD. Raises Holdings

Investment Partners LTD. raised its position in Northrop Grumman Corporation (NYSE:NOC) by 100.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,196 shares of the aerospace company’s stock after purchasing an additional 1,098 shares during the period. Investment Partners LTD.’s holdings in Northrop Grumman were worth $1,062,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Koshinski Asset Management Inc. boosted its position in Northrop Grumman by 2.2% in the 1st quarter. Koshinski Asset Management Inc. now owns 839 shares of the aerospace company’s stock valued at $573,000 after buying an additional 18 shares during the last quarter. Glenview Trust Co boosted its position in Northrop Grumman by 1.1% during the 1st quarter. Glenview Trust Co now owns 1,796 shares of the aerospace company’s stock worth $1,225,000 after acquiring an additional 19 shares during the period. Quadrant Private Wealth Management LLC lifted its holdings in shares of Northrop Grumman by 5.4% in the first quarter. Quadrant Private Wealth Management LLC now owns 392 shares of the aerospace company’s stock valued at $268,000 after buying an additional 20 shares during the period. Victrix Investment Advisors grew its position in Northrop Grumman by 0.8% in the second quarter. Victrix Investment Advisors now owns 2,469 shares of the aerospace company’s stock worth $1,257,000 after buying an additional 20 shares during the last quarter. Finally, Canal Capital Management LLC boosted its holdings in shares of Northrop Grumman by 4.8% in the first quarter. Canal Capital Management LLC now owns 460 shares of the aerospace company’s stock worth $314,000 after buying an additional 21 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NOC shares. Sanford C. Bernstein boosted their price target on Northrop Grumman from $556.00 to $590.00 and gave the company a “market perform” rating in a research note on Tuesday, October 27th. Rothschild & Co Redburn started coverage on Northrop Grumman in a research note on Tuesday, October 6th. They issued a “buy” rating and a $680.00 price target on the stock. Wells Fargo & Company reaffirmed an “overweight” rating and set a $620.00 price target (down from $800.00) on shares of Northrop Grumman in a research note on Wednesday, July 8th. Morgan Stanley raised their price objective on shares of Northrop Grumman from $745.00 to $765.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $585.00 target price on shares of Northrop Grumman in a research note on Sunday, October 25th. Fifteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $643.74.

Northrop Grumman Stock Down 0.6%

NOC opened at $558.79 on Friday. Northrop Grumman Corporation has a one year low of $470.06 and a one year 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 company has a fifty day moving average price of $520.51 and a 200-day moving average price of $591.78. The firm has a market capitalization of $79.38 billion, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 3.00 and a beta of -0.11.

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

Northrop Grumman Dividend Announcement

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

Insider Activity at Northrop Grumman

In related news, Director Mark Welsh, III sold 95 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $547.53, for a total value of $52,015.35. Following the sale, the director owned 4,393 shares in the company, valued at approximately $2,405,299.29. The trade was a 2.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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.

Northrop Grumman Company Profile

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.