Northrop Grumman Corporation (NOC) Shares Bought by SG Americas Securities LLC
SG Americas Securities LLC raised its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 25.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,477 shares of the aerospace company’s stock after acquiring an additional 1,695 shares during the quarter. SG Americas Securities LLC’s holdings in Northrop Grumman Corporation were worth $2,439,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in NOC. Glaxis Capital Management LLC bought a new stake in shares of Northrop Grumman Corporation in the 2nd quarter valued at approximately $734,000. Private Trust Co. NA grew its stake in shares of Northrop Grumman Corporation by 0.3% in the 2nd quarter. Private Trust Co. NA now owns 32,387 shares of the aerospace company’s stock valued at $8,314,000 after buying an additional 108 shares in the last quarter. Smith Shellnut Wilson LLC ADV bought a new stake in shares of Northrop Grumman Corporation in the 2nd quarter valued at approximately $204,000. Johanson Financial Advisors Inc. grew its stake in shares of Northrop Grumman Corporation by 1.8% in the 2nd quarter. Johanson Financial Advisors Inc. now owns 1,621 shares of the aerospace company’s stock valued at $414,000 after buying an additional 29 shares in the last quarter. Finally, Appleton Partners Inc. MA grew its stake in shares of Northrop Grumman Corporation by 15.2% in the 2nd quarter. Appleton Partners Inc. MA now owns 3,548 shares of the aerospace company’s stock valued at $911,000 after buying an additional 467 shares in the last quarter. 81.68% of the stock is currently owned by institutional investors.
NOC has been the subject of several analyst reports. Zacks Investment Research upgraded Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $309.00 target price for the company in a report on Wednesday, September 20th. Deutsche Bank AG restated a “buy” rating and issued a $325.00 target price (up from $285.00) on shares of Northrop Grumman Corporation in a report on Monday, October 2nd. Argus boosted their target price on Northrop Grumman Corporation from $270.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Morgan Stanley initiated coverage on Northrop Grumman Corporation in a report on Tuesday, August 8th. They issued an “equal weight” rating and a $279.00 target price for the company. Finally, Royal Bank Of Canada boosted their target price on Northrop Grumman Corporation from $324.00 to $347.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $294.65.
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Northrop Grumman Corporation (NOC) traded down $2.29 on Friday, reaching $302.02. The company had a trading volume of 463,700 shares, compared to its average volume of 772,940. Northrop Grumman Corporation has a 12-month low of $220.72 and a 12-month high of $306.61. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.96. The firm has a market cap of $52,575.18, a price-to-earnings ratio of 23.02, a P/E/G ratio of 3.04 and a beta of 0.70.
Northrop Grumman Corporation (NYSE:NOC) last issued its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $3.68 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.76. Northrop Grumman Corporation had a return on equity of 39.76% and a net margin of 9.24%. The company had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same period in the previous year, the company earned $3.35 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. research analysts expect that Northrop Grumman Corporation will post 13.18 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Monday, December 4th will be issued a dividend of $1.00 per share. The ex-dividend date is Friday, December 1st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.32%. Northrop Grumman Corporation’s dividend payout ratio (DPR) is presently 29.81%.
In other news, VP Sid Ashworth sold 6,311 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $298.00, for a total transaction of $1,880,678.00. Following the completion of the transaction, the vice president now directly owns 63,147 shares in the company, valued at $18,817,806. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Gloria A. Flach sold 7,741 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $296.45, for a total value of $2,294,819.45. Following the transaction, the chief operating officer now owns 77,200 shares of the company’s stock, valued at $22,885,940. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,417 shares of company stock valued at $6,365,189. Corporate insiders own 0.70% of the company’s stock.
Northrop Grumman Corporation Profile
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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