2 weeks Ago By ABMN Staff
Ashton Thomas Private Wealth LLC purchased a new position in Northrop Grumman Co. ( NYSE:NOC – Free Report ) during the 2nd quarter, HoldingsChannel reports. The firm purchased 140 shares of the aerospace company’s stock, valued at approximately $61,000.
A number of other large investors also recently modified their holdings of the business. Capital International Investors lifted its stake in shares of Northrop Grumman by 5.6% in the first quarter.
Capital International Investors now owns 11,747,646 shares of the aerospace company’s stock valued at $5,623,128,000 after buying an additional 621,636 shares during the period. Van ECK Associates Corp boosted its holdings in Northrop Grumman by 1,915.9% during the second quarter.
Van ECK Associates Corp now owns 438,521 shares of the aerospace company’s stock valued at $191,173,000 after purchasing an additional 416,768 shares in the last quarter. Focused Investors Fund L P bought a new stake in shares of Northrop Grumman in the 1st quarter valued at approximately $108,369,000. JPMorgan Chase & Co.
raised its holdings in shares of Northrop Grumman by 4.8% in the 1st quarter. JPMorgan Chase & Co.
now owns 4,634,043 shares of the aerospace company’s stock worth $2,218,132,000 after buying an additional 211,459 shares in the last quarter. Finally, Eagle Asset Management Inc. bought a new position in shares of Northrop Grumman during the 4th quarter worth approximately $97,866,000.
83.40% of the stock is currently owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades NOC has been the subject of several recent analyst reports.
BTIG Research initiated coverage on Northrop Grumman in a research note on Wednesday, June 26th. They set a “buy” rating and a $565.00 price objective for the company.
Sanford C. Bernstein cut Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $477.00 price target for the company.
in a research note on Friday, June 21st. Barclays boosted their target price on Northrop Grumman from $470.00 to $500.
00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. TD Cowen raised their target price on shares of Northrop Grumman from $440.00 to $515.
00 and gave the stock a “hold” rating in a report on Monday, July 29th. Finally, Alembic Global Advisors lowered shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price target on the stock.
in a research report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.
com, the stock currently has an average rating of “Hold” and a consensus price target of $523.20. Insider Activity at Northrop Grumman In other Northrop Grumman news, VP Thomas H.
Jones sold 1,390 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $500.00, for a total value of $695,000.
00. Following the transaction, the vice president now owns 4,634 shares in the company, valued at $2,317,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink .
In related news, VP Thomas H. Jones sold 1,389 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $477.
56, for a total transaction of $663,330.84. Following the completion of the sale, the vice president now directly owns 6,755 shares in the company, valued at $3,225,917.
80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . Also, VP Thomas H.
Jones sold 1,390 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $500.00, for a total transaction of $695,000.
00. Following the sale, the vice president now owns 4,634 shares in the company, valued at approximately $2,317,000. The disclosure for this sale can be found here .
Insiders sold 2,846 shares of company stock worth $1,393,028 in the last three months. 0.22% of the stock is owned by insiders.
Northrop Grumman Stock Up 0.2 % Shares of NYSE NOC opened at $519.78 on Monday.
The stock has a market capitalization of $76.01 billion, a P/E ratio of 36.35, a PEG ratio of 2.
36 and a beta of 0.34. The firm’s 50 day simple moving average is $486.
71 and its two-hundred day simple moving average is $467.61. Northrop Grumman Co.
has a one year low of $414.56 and a one year high of $528.76.
The company has a debt-to-equity ratio of 1.03, a current ratio of 1.11 and a quick ratio of 0.
99. Northrop Grumman ( NYSE:NOC – Get Free Report ) last issued its earnings results on Thursday, July 25th. The aerospace company reported $6.
36 earnings per share for the quarter, beating the consensus estimate of $5.93 by $0.43.
The company had revenue of $10.22 billion during the quarter, compared to analysts’ expectations of $10.02 billion.
Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%.
Northrop Grumman’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business posted $5.
34 EPS. As a group, analysts expect that Northrop Grumman Co. will post 25.
14 EPS for the current fiscal year. Northrop Grumman Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd will be paid a $2.
06 dividend. This represents a $8.24 annualized dividend and a dividend yield of 1.
59%. The ex-dividend date of this dividend is Tuesday, September 3rd. Northrop Grumman’s payout ratio is 57.
62%. About Northrop Grumman ( Free Report ) Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. 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. Further Reading Want to see what other hedge funds are holding NOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northrop Grumman Co.
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