Personal CFO Solutions LLC increased its holdings in shares of Northrop Grumman Co. (NYSE:NOC – Free Report) by 5.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,041 shares of the aerospace company’s stock after acquiring an additional 56 shares during the period. Personal CFO Solutions LLC’s holdings in Northrop Grumman were worth $474,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of NOC. Morgan Stanley boosted its position in Northrop Grumman by 3.5% during the fourth quarter. Morgan Stanley now owns 3,353,108 shares of the aerospace company’s stock worth $1,829,490,000 after purchasing an additional 114,823 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Northrop Grumman by 30.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,567,612 shares of the aerospace company’s stock worth $723,799,000 after buying an additional 362,449 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Northrop Grumman by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,243,164 shares of the aerospace company’s stock valued at $566,634,000 after acquiring an additional 13,958 shares during the last quarter. Franklin Resources Inc. increased its holdings in Northrop Grumman by 62.6% during the 1st quarter. Franklin Resources Inc. now owns 1,143,475 shares of the aerospace company’s stock valued at $527,965,000 after acquiring an additional 440,303 shares in the last quarter. Finally, Macquarie Group Ltd. raised its position in Northrop Grumman by 7.7% during the first quarter. Macquarie Group Ltd. now owns 982,045 shares of the aerospace company’s stock worth $453,430,000 after acquiring an additional 70,389 shares during the last quarter. Hedge funds and other institutional investors own 82.40% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently commented on NOC shares. Wells Fargo & Company lowered their price target on shares of Northrop Grumman from $485.00 to $435.00 and set an “equal weight” rating on the stock in a research report on Monday, September 18th. JPMorgan Chase & Co. increased their target price on Northrop Grumman from $430.00 to $435.00 and gave the company a “neutral” rating in a report on Tuesday, October 31st. Citigroup cut their price target on Northrop Grumman from $502.00 to $485.00 and set a “neutral” rating for the company in a report on Friday, July 28th. StockNews.com raised Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 target price on shares of Northrop Grumman in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Northrop Grumman currently has a consensus rating of “Hold” and a consensus price target of $500.20.
Northrop Grumman Stock Performance
Shares of NOC stock opened at $464.17 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.14 and a current ratio of 1.28. The firm has a market capitalization of $69.99 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 8.43 and a beta of 0.42. Northrop Grumman Co. has a one year low of $414.56 and a one year high of $549.87. The company has a 50 day moving average price of $456.97 and a 200 day moving average price of $448.37.
Northrop Grumman (NYSE:NOC – Get Free Report) last released its quarterly earnings data on Thursday, October 26th. The aerospace company reported $6.18 EPS for the quarter, topping 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 business had revenue of $9.78 billion during the quarter, compared to the consensus estimate of $9.58 billion. During the same period in the prior year, the firm posted $5.89 EPS. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. Sell-side analysts anticipate that Northrop Grumman Co. will post 22.73 EPS for the current year.
Northrop Grumman Announces Dividend
The company 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. This represents a $7.48 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, November 24th. Northrop Grumman’s dividend payout ratio is currently 24.54%.
Insider Transactions at Northrop Grumman
In related news, VP Roshan S. Roeder sold 1,007 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $465.00, for a total value of $468,255.00. Following the transaction, the vice president now owns 913 shares in the company, valued at $424,545. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Mark A. Caylor sold 1,670 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $472.62, for a total value of $789,275.40. Following the completion of the sale, the vice president now owns 12,900 shares in the company, valued at $6,096,798. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Roshan S. Roeder sold 1,007 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $465.00, for a total value of $468,255.00. Following the transaction, the vice president now directly owns 913 shares in the company, valued at $424,545. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.
Northrop Grumman Profile
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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