2 weeks Ago By ABMN Staff
Oliver Lagore Vanvalin Investment Group grew its stake in shares of Northrop Grumman Co. ( NYSE:NOC – Free Report ) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC).
The institutional investor owned 1,467 shares of the aerospace company’s stock after purchasing an additional 22 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in Northrop Grumman were worth $640,000 at the end of the most recent quarter. A number of other large investors have also modified their holdings of NOC.
Susquehanna Fundamental Investments LLC lifted its position in shares of Northrop Grumman by 22.7% during the second quarter. Susquehanna Fundamental Investments LLC now owns 61,641 shares of the aerospace company’s stock worth $26,872,000 after purchasing an additional 11,417 shares in the last quarter.
Smith Thornton Advisors LLC purchased a new stake in Northrop Grumman during the 2nd quarter worth $358,000. Legal & General Group Plc lifted its holdings in Northrop Grumman by 16.0% in the 2nd quarter.
Legal & General Group Plc now owns 1,087,913 shares of the aerospace company’s stock worth $474,276,000 after buying an additional 150,367 shares in the last quarter. MBB Public Markets I LLC acquired a new position in Northrop Grumman in the 2nd quarter worth $4,454,000. Finally, Deerfield Management Company L.
P. Series C purchased a new position in Northrop Grumman in the 2nd quarter valued at about $1,029,000. Institutional investors and hedge funds own 83.
40% of the company’s stock. Analyst Upgrades and Downgrades A number of brokerages have recently issued reports on NOC. Jefferies Financial Group dropped their target price on Northrop Grumman from $530.
00 to $500.00 and set a “hold” rating on the stock in a research report on Tuesday, June 18th. StockNews.
com raised Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. Alembic Global Advisors downgraded shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price target for the company.
in a research report on Tuesday, August 27th. Wells Fargo & Company upped their price target on shares of Northrop Grumman from $467.00 to $509.
00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Northrop Grumman from a “hold” rating to a “buy” rating and boosted their target price for the stock from $474.00 to $575.
00 in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Northrop Grumman presently has a consensus rating of “Hold” and an average target price of $523.
20. Insider Activity at Northrop Grumman In related news, VP Thomas H. Jones sold 1,389 shares of the firm’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 transaction, the vice president now owns 6,755 shares in the company, valued at $3,225,917.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink .
In other news, VP Thomas H. Jones sold 1,390 shares of the company’s stock in a transaction 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 completion of the sale, the vice president now directly owns 4,634 shares of the company’s stock, valued at $2,317,000.
The sale was disclosed in a document filed with the SEC, which is available at the SEC website . Also, 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 sale, the vice president now owns 6,755 shares in the company, valued at approximately $3,225,917.80. The disclosure for this sale can be found here .
Insiders have sold a total of 2,846 shares of company stock worth $1,393,028 over the last ninety days. 0.22% of the stock is currently owned by corporate insiders.
Northrop Grumman Stock Performance NOC stock opened at $526.72 on Friday. Northrop Grumman Co.
has a 1 year low of $414.56 and a 1 year high of $534.61.
The stock has a market capitalization of $77.95 billion, a price-to-earnings ratio of 36.83, a PEG ratio of 2.
44 and a beta of 0.34. The company has a debt-to-equity ratio of 1.
03, a quick ratio of 0.99 and a current ratio of 1.11.
The stock’s fifty day moving average is $505.21 and its two-hundred day moving average is $472.12.
Northrop Grumman ( NYSE:NOC – Get Free Report ) last posted its earnings results on Thursday, July 25th. The aerospace company reported $6.36 EPS for the quarter, topping the consensus estimate of $5.
93 by $0.43. The firm had revenue of $10.
22 billion during the quarter, compared to analysts’ expectations of $10.02 billion. Northrop Grumman had a net margin of 5.
61% and a return on equity of 25.44%. Northrop Grumman’s quarterly revenue was up 6.
7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.34 EPS.
On average, research analysts predict that Northrop Grumman Co. will post 25.14 EPS for the current year.
Northrop Grumman Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $2.06 per share.
This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.56%.
The ex-dividend date was Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio (DPR) 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.
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