Parametric Portfolio Associates LLC Increases Holdings in Northrop Grumman Corporation (NOC)
Parametric Portfolio Associates LLC grew its position in Northrop Grumman Corporation (NYSE:NOC) by 42.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 634,458 shares of the aerospace company’s stock after acquiring an additional 188,471 shares during the quarter. Parametric Portfolio Associates LLC owned 0.36% of Northrop Grumman Corporation worth $162,872,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. Marco Investment Management LLC lifted its position in shares of Northrop Grumman Corporation by 70.0% in the 2nd quarter. Marco Investment Management LLC now owns 6,920 shares of the aerospace company’s stock worth $1,776,000 after acquiring an additional 2,850 shares during the period. Advisor Group Inc. lifted its position in shares of Northrop Grumman Corporation by 8.6% in the 2nd quarter. Advisor Group Inc. now owns 33,532 shares of the aerospace company’s stock worth $8,416,000 after acquiring an additional 2,659 shares during the period. Horizon Investments LLC lifted its position in shares of Northrop Grumman Corporation by 11.5% in the 2nd quarter. Horizon Investments LLC now owns 2,061 shares of the aerospace company’s stock worth $510,000 after acquiring an additional 212 shares during the period. Hanseatic Management Services Inc. lifted its position in shares of Northrop Grumman Corporation by 12.8% in the 2nd quarter. Hanseatic Management Services Inc. now owns 423 shares of the aerospace company’s stock worth $109,000 after acquiring an additional 48 shares during the period. Finally, Mariner Wealth Advisors LLC lifted its position in shares of Northrop Grumman Corporation by 1.0% in the 2nd quarter. Mariner Wealth Advisors LLC now owns 3,636 shares of the aerospace company’s stock worth $933,000 after acquiring an additional 36 shares during the period. Institutional investors own 81.37% of the company’s stock.
Northrop Grumman Corporation (NYSE:NOC) traded up 0.40% during midday trading on Friday, reaching $281.55. The company had a trading volume of 641,272 shares. Northrop Grumman Corporation has a 12 month low of $210.60 and a 12 month high of $282.93. The firm has a 50-day moving average of $269.39 and a 200-day moving average of $255.59. The stock has a market cap of $49.02 billion, a P/E ratio of 21.51 and a beta of 0.66.
Northrop Grumman Corporation (NYSE:NOC) last released its earnings results on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $6.21 billion. During the same period in the prior year, the company earned $2.85 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities analysts expect that Northrop Grumman Corporation will post $12.55 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Monday, August 28th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $4.00 annualized dividend and a dividend yield of 1.42%. Northrop Grumman Corporation’s dividend payout ratio (DPR) is presently 30.56%.
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In other news, VP Lisa R. Davis sold 367 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $263.25, for a total transaction of $96,612.75. Following the completion of the transaction, the vice president now directly owns 961 shares in the company, valued at $252,983.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is currently owned by corporate insiders.
A number of analysts have commented on the company. Argus raised their price objective on Northrop Grumman Corporation from $270.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Vertical Research reissued a “buy” rating and issued a $296.00 target price (up from $280.00) on shares of Northrop Grumman Corporation in a report on Wednesday. Stifel Nicolaus reissued a “hold” rating and issued a $255.00 target price (up from $245.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Jefferies Group LLC reissued a “hold” rating and issued a $243.00 target price on shares of Northrop Grumman Corporation in a report on Wednesday, June 21st. Finally, Morgan Stanley assumed coverage on Northrop Grumman Corporation in a report on Tuesday, August 8th. They issued an “equal weight” rating and a $279.00 target price for the company. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Northrop Grumman Corporation presently has a consensus rating of “Buy” and a consensus price target of $272.01.
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.
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