Signature Estate & Investment Advisors LLC Has $1.62 Million Holdings in Northrop Grumman Corporation (NOC)
Signature Estate & Investment Advisors LLC raised its holdings in Northrop Grumman Corporation (NYSE:NOC) by 14.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,289 shares of the aerospace company’s stock after acquiring an additional 778 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Northrop Grumman Corporation were worth $1,615,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Shelton Capital Management raised its holdings in Northrop Grumman Corporation by 70.5% in the 1st quarter. Shelton Capital Management now owns 17,200 shares of the aerospace company’s stock valued at $4,091,000 after acquiring an additional 7,112 shares during the last quarter. Evermay Wealth Management LLC acquired a new position in Northrop Grumman Corporation in the 1st quarter valued at $286,000. Holderness Investments Co. raised its holdings in Northrop Grumman Corporation by 38.6% in the 1st quarter. Holderness Investments Co. now owns 2,587 shares of the aerospace company’s stock valued at $615,000 after acquiring an additional 720 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Northrop Grumman Corporation by 331.4% in the 1st quarter. Renaissance Technologies LLC now owns 989,200 shares of the aerospace company’s stock valued at $235,271,000 after acquiring an additional 759,900 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its holdings in Northrop Grumman Corporation by 0.6% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 13,418 shares of the aerospace company’s stock valued at $3,191,000 after acquiring an additional 84 shares during the last quarter. Institutional investors own 81.37% of the company’s stock.
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Shares of Northrop Grumman Corporation (NYSE:NOC) traded up 1.09% during mid-day trading on Friday, reaching $287.72. 618,558 shares of the company were exchanged. Northrop Grumman Corporation has a 12 month low of $210.60 and a 12 month high of $287.81. The company has a market capitalization of $50.09 billion, a price-to-earnings ratio of 21.98 and a beta of 0.66. The firm’s 50-day moving average is $269.39 and its 200-day moving average is $255.59.
Northrop Grumman Corporation (NYSE:NOC) last released its quarterly earnings results 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. The business had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.21 billion. Northrop Grumman Corporation had a net margin of 9.20% and a return on equity of 39.22%. Northrop Grumman Corporation’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.85 EPS. On average, equities analysts forecast that Northrop Grumman Corporation will post $12.55 earnings per share for the current fiscal year.
The firm 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 dividend on an annualized basis and a dividend yield of 1.39%. Northrop Grumman Corporation’s dividend payout ratio is currently 30.56%.
In other news, VP Lisa R. Davis sold 367 shares of the firm’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 transaction, the vice president now owns 961 shares in the company, valued at approximately $252,983.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is currently owned by company insiders.
A number of research firms have recently commented on NOC. Stifel Nicolaus restated a “hold” rating and set a $255.00 price objective (up from $245.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Deutsche Bank AG restated a “buy” rating and set a $285.00 price objective (up from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. BidaskClub upgraded Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Jefferies Group LLC restated a “hold” rating and set a $243.00 price objective on shares of Northrop Grumman Corporation in a report on Wednesday, June 21st. Finally, Royal Bank Of Canada set a $294.00 price objective on Northrop Grumman Corporation and gave the stock a “buy” rating in a report on Tuesday, August 29th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $272.01.
About Northrop Grumman Corporation
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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