Jupiter Asset Management Ltd. Invests $566,000 in Northrop Grumman Co. (NYSE:NOC)

Jupiter Asset Management Ltd. bought a new position in shares of Northrop Grumman Co. (NYSE:NOCFree Report) in the second quarter, Holdings Channel reports. The firm bought 1,243 shares of the aerospace company’s stock, valued at approximately $566,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. IHT Wealth Management LLC raised its stake in shares of Northrop Grumman by 1.6% in the 1st quarter. IHT Wealth Management LLC now owns 1,371 shares of the aerospace company’s stock valued at $613,000 after acquiring an additional 22 shares during the period. Cooper Financial Group increased its holdings in Northrop Grumman by 3.9% in the 2nd quarter. Cooper Financial Group now owns 612 shares of the aerospace company’s stock valued at $279,000 after purchasing an additional 23 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in Northrop Grumman by 0.7% in the second quarter. Harbor Capital Advisors Inc. now owns 3,258 shares of the aerospace company’s stock valued at $1,485,000 after purchasing an additional 23 shares during the period. Keel Point LLC lifted its stake in shares of Northrop Grumman by 2.5% during the second quarter. Keel Point LLC now owns 955 shares of the aerospace company’s stock worth $435,000 after purchasing an additional 23 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its position in shares of Northrop Grumman by 1.7% in the second quarter. Wealthcare Advisory Partners LLC now owns 1,414 shares of the aerospace company’s stock worth $644,000 after buying an additional 23 shares during the period. Institutional investors and hedge funds own 82.40% of the company’s stock.

Northrop Grumman Trading Up 0.1 %

Shares of NOC stock opened at $464.17 on Monday. The stock has a fifty day moving average of $456.97 and a two-hundred day moving average of $448.37. The firm has a market capitalization of $69.99 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 8.43 and a beta of 0.42. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.14 and a current ratio of 1.28. Northrop Grumman Co. has a 1 year low of $414.56 and a 1 year high of $549.87.

Northrop Grumman (NYSE:NOCGet Free Report) last issued its quarterly earnings results on Thursday, October 26th. The aerospace company reported $6.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.81 by $0.37. Northrop Grumman had a return on equity of 24.24% and a net margin of 12.07%. The firm had revenue of $9.78 billion during the quarter, compared to analyst estimates of $9.58 billion. During the same period last year, the company posted $5.89 EPS. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, research analysts expect that Northrop Grumman Co. will post 22.73 EPS for the current year.

Northrop Grumman Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Monday, November 27th will be paid a $1.87 dividend. The ex-dividend date of this dividend is Friday, November 24th. This represents a $7.48 annualized dividend and a dividend yield of 1.61%. Northrop Grumman’s dividend payout ratio is currently 24.54%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NOC shares. Deutsche Bank Aktiengesellschaft assumed coverage on Northrop Grumman in a report on Wednesday, September 27th. They issued a “buy” rating and a $502.00 price target for the company. Bank of America dropped their price target on shares of Northrop Grumman from $655.00 to $615.00 and set a “buy” rating for the company in a research note on Friday, July 28th. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of Northrop Grumman in a report on Thursday, August 3rd. JPMorgan Chase & Co. upped their target price on shares of Northrop Grumman from $430.00 to $435.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st. Finally, Citigroup decreased their price target on Northrop Grumman from $502.00 to $485.00 and set a “neutral” rating for the company in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $500.20.

Get Our Latest Stock Report on Northrop Grumman

Insider Buying and Selling

In related news, VP Mark A. Caylor sold 1,670 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $472.62, for a total transaction of $789,275.40. Following the completion of the sale, the vice president now directly owns 12,900 shares in the company, valued at $6,096,798. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Mark A. Caylor sold 1,670 shares of Northrop Grumman stock in a transaction on Monday, November 6th. The stock was sold at an average price of $472.62, for a total value of $789,275.40. Following the transaction, the vice president now directly owns 12,900 shares in the company, valued at approximately $6,096,798. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Roshan S. Roeder sold 1,007 shares of the business’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $465.00, for a total value of $468,255.00. Following the sale, the vice president now owns 913 shares in the company, valued at approximately $424,545. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

About Northrop Grumman

(Free Report)

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 in the United States and internationally. 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.

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

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