Lincoln National Corp Buys 360 Shares of Northrop Grumman Co. (NYSE:NOC)

Lincoln National Corp raised its holdings in shares of Northrop Grumman Co. (NYSE:NOCGet Rating) by 3.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,561 shares of the aerospace company’s stock after acquiring an additional 360 shares during the period. Lincoln National Corp’s holdings in Northrop Grumman were worth $4,276,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Brown Advisory Inc. raised its stake in shares of Northrop Grumman by 70.2% during the first quarter. Brown Advisory Inc. now owns 14,426 shares of the aerospace company’s stock worth $6,179,000 after acquiring an additional 5,952 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Northrop Grumman by 4.2% during the first quarter. Checchi Capital Advisers LLC now owns 3,541 shares of the aerospace company’s stock worth $1,584,000 after acquiring an additional 144 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Northrop Grumman by 6.3% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 84,298 shares of the aerospace company’s stock worth $37,700,000 after acquiring an additional 5,023 shares in the last quarter. Regal Investment Advisors LLC increased its stake in shares of Northrop Grumman by 0.8% in the first quarter. Regal Investment Advisors LLC now owns 3,579 shares of the aerospace company’s stock worth $1,600,000 after buying an additional 30 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Northrop Grumman in the first quarter worth $808,000. 84.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NOC has been the topic of several analyst reports. UBS Group lifted their target price on shares of Northrop Grumman from $410.00 to $450.00 in a research note on Friday, April 29th. Susquehanna Bancshares lifted their target price on shares of Northrop Grumman from $520.00 to $530.00 and gave the stock a “positive” rating in a research note on Friday, July 29th. Seaport Res Ptn reaffirmed a “buy” rating on shares of Northrop Grumman in a research note on Tuesday, April 19th. Morgan Stanley lifted their target price on shares of Northrop Grumman from $521.00 to $530.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 12th. Finally, Argus lifted their target price on shares of Northrop Grumman from $420.00 to $495.00 in a research note on Thursday, May 12th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Northrop Grumman has a consensus rating of “Hold” and an average price target of $468.18.

Northrop Grumman Stock Performance

NYSE:NOC opened at $477.59 on Friday. The stock has a market cap of $73.89 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 8.82 and a beta of 0.62. The firm’s fifty day simple moving average is $465.74 and its 200 day simple moving average is $444.74. Northrop Grumman Co. has a twelve month low of $344.89 and a twelve month high of $492.30. The company has a quick ratio of 1.20, a current ratio of 1.30 and a debt-to-equity ratio of 0.94.

Northrop Grumman Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st were issued a dividend of $1.73 per share. This represents a $6.92 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Friday, May 27th. This is a boost from Northrop Grumman’s previous quarterly dividend of $1.57. Northrop Grumman’s payout ratio is 19.26%.

Northrop Grumman Company Profile

(Get Rating)

Northrop Grumman Corporation operates as an aerospace and defense company worldwide. 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.

See Also

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

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