Price Capital Management Inc. purchased a new position in Northrop Grumman Co. (NYSE:NOC) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 9,210 shares of the aerospace company’s stock, valued at approximately $2,827,000.

Other hedge funds have also made changes to their positions in the company. Ropes Wealth Advisors LLC purchased a new position in Northrop Grumman during the third quarter valued at $144,000. WFG Advisors LP lifted its position in Northrop Grumman by 4.9% during the second quarter. WFG Advisors LP now owns 594 shares of the aerospace company’s stock valued at $152,000 after buying an additional 28 shares during the period. Moisand Fitzgerald Tamayo LLC purchased a new position in Northrop Grumman during the third quarter valued at $154,000. Hanseatic Management Services Inc. lifted its position in Northrop Grumman by 39.7% during the third quarter. Hanseatic Management Services Inc. now owns 591 shares of the aerospace company’s stock valued at $170,000 after buying an additional 168 shares during the period. Finally, Lowe Brockenbrough & Co. Inc. purchased a new position in Northrop Grumman during the third quarter valued at $201,000. 81.23% of the stock is owned by institutional investors.

In related news, COO Gloria A. Flach sold 7,741 shares of Northrop Grumman stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $296.45, for a total value of $2,294,819.45. Following the completion of the sale, the chief operating officer now directly owns 77,200 shares in the company, valued at approximately $22,885,940. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is currently owned by company insiders.

Several equities analysts have commented on NOC shares. Zacks Investment Research lowered Northrop Grumman from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Bank of America set a $350.00 price objective on Northrop Grumman and gave the company a “buy” rating in a research report on Friday, October 27th. ValuEngine raised Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. JPMorgan Chase & Co. upgraded Northrop Grumman from a “neutral” rating to an “overweight” rating and raised their price target for the company from $317.00 to $355.00 in a report on Tuesday, December 12th. Finally, Royal Bank of Canada set a $374.00 price target on Northrop Grumman and gave the company a “buy” rating in a report on Thursday, November 16th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Northrop Grumman currently has an average rating of “Buy” and a consensus target price of $317.47.

Northrop Grumman Co. (NOC) opened at $324.01 on Friday. Northrop Grumman Co. has a twelve month low of $231.98 and a twelve month high of $349.18. The company has a current ratio of 2.35, a quick ratio of 2.24 and a debt-to-equity ratio of 2.04. The firm has a market capitalization of $58,782.42, a price-to-earnings ratio of 28.25, a PEG ratio of 2.43 and a beta of 0.82.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Thursday, January 25th. The aerospace company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.07. Northrop Grumman had a return on equity of 37.28% and a net margin of 7.81%. The firm had revenue of $6.63 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same period last year, the company earned $2.96 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. sell-side analysts anticipate that Northrop Grumman Co. will post 15.18 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Monday, March 5th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.36%. This is an increase from Northrop Grumman’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, March 2nd. Northrop Grumman’s dividend payout ratio (DPR) is presently 34.87%.

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About Northrop Grumman

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

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