Numeric Investors LLC Has $5.73 Million Holdings in Northrop Grumman Corporation (NOC)
Numeric Investors LLC cut its stake in Northrop Grumman Corporation (NYSE:NOC) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,300 shares of the aerospace company’s stock after selling 700 shares during the period. Numeric Investors LLC’s holdings in Northrop Grumman Corporation were worth $5,725,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Hanseatic Management Services Inc. boosted its position in shares of Northrop Grumman Corporation by 12.8% during the second quarter. Hanseatic Management Services Inc. now owns 423 shares of the aerospace company’s stock worth $109,000 after buying an additional 48 shares during the period. First Personal Financial Services grew its holdings in Northrop Grumman Corporation by 39.0% in the 2nd quarter. First Personal Financial Services now owns 431 shares of the aerospace company’s stock worth $111,000 after buying an additional 121 shares in the last quarter. Pittenger & Anderson Inc. grew its holdings in Northrop Grumman Corporation by 28.6% in the 2nd quarter. Pittenger & Anderson Inc. now owns 450 shares of the aerospace company’s stock worth $116,000 after buying an additional 100 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in Northrop Grumman Corporation in the 1st quarter worth approximately $108,000. Finally, Perigon Wealth Management LLC grew its holdings in Northrop Grumman Corporation by 2.8% in the 1st quarter. Perigon Wealth Management LLC now owns 546 shares of the aerospace company’s stock worth $130,000 after buying an additional 15 shares in the last quarter. 81.37% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Lisa R. Davis sold 367 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $263.25, for a total value of $96,612.75. Following the transaction, the vice president now owns 961 shares in the company, valued at $252,983.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.70% of the company’s stock.
Several analysts have weighed in on the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $255.00 target price (up previously from $245.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. Deutsche Bank AG reissued a “buy” rating and issued a $285.00 price target (up previously from $275.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. BidaskClub raised Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Jefferies Group LLC reissued a “hold” rating and set a $243.00 price target on shares of Northrop Grumman Corporation in a report on Wednesday, June 21st. Finally, Royal Bank Of Canada set a $294.00 price target on Northrop Grumman Corporation and gave the company a “buy” rating in a report on Tuesday, August 29th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $276.72.
Shares of Northrop Grumman Corporation (NYSE NOC) opened at 289.90 on Tuesday. Northrop Grumman Corporation has a 1-year low of $212.02 and a 1-year high of $289.95. The firm has a market capitalization of $50.47 billion, a price-to-earnings ratio of 22.14 and a beta of 0.68. The company’s 50-day moving average is $273.26 and its 200 day moving average is $258.24.
Northrop Grumman Corporation (NYSE:NOC) last announced its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $3.15 EPS for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.31. The firm had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.21 billion. Northrop Grumman Corporation had a return on equity of 39.22% and a net margin of 9.20%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company earned $2.85 EPS. On average, analysts expect that Northrop Grumman Corporation will post $12.55 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Monday, August 28th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Thursday, August 24th. Northrop Grumman Corporation’s dividend payout ratio (DPR) is presently 30.56%.
About Northrop Grumman Corporation
Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.
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