Northrop Grumman Co. (NOC) Stake Increased by Stephens Inc. AR
Stephens Inc. AR raised its position in shares of Northrop Grumman Co. (NYSE:NOC) by 20.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,091 shares of the aerospace company’s stock after acquiring an additional 1,038 shares during the period. Stephens Inc. AR’s holdings in Northrop Grumman were worth $1,869,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of NOC. Cubist Systematic Strategies LLC increased its holdings in shares of Northrop Grumman by 35.4% during the second quarter. Cubist Systematic Strategies LLC now owns 2,676 shares of the aerospace company’s stock worth $687,000 after buying an additional 699 shares in the last quarter. Scotia Capital Inc. grew its stake in shares of Northrop Grumman by 4.0% during the second quarter. Scotia Capital Inc. now owns 1,290 shares of the aerospace company’s stock valued at $331,000 after purchasing an additional 50 shares during the last quarter. National Asset Management Inc. bought a new stake in shares of Northrop Grumman during the second quarter valued at approximately $205,000. Koch Industries Inc. grew its stake in shares of Northrop Grumman by 21,654.4% during the second quarter. Koch Industries Inc. now owns 207,972 shares of the aerospace company’s stock valued at $207,000 after purchasing an additional 207,016 shares during the last quarter. Finally, Colony Group LLC grew its stake in shares of Northrop Grumman by 0.5% during the second quarter. Colony Group LLC now owns 51,059 shares of the aerospace company’s stock valued at $13,107,000 after purchasing an additional 260 shares during the last quarter. 81.23% of the stock is owned by institutional investors.
Several research firms have recently commented on NOC. Argus raised shares of Northrop Grumman to a “buy” rating in a research note on Wednesday. Robert W. Baird reissued a “buy” rating and set a $394.00 price target on shares of Northrop Grumman in a research note on Friday, January 26th. Royal Bank of Canada set a $389.00 price target on shares of Northrop Grumman and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Cowen reissued a “hold” rating and set a $300.00 price target (up from $275.00) on shares of Northrop Grumman in a research note on Thursday, October 26th. Finally, Stifel Nicolaus increased their price target on shares of Northrop Grumman from $255.00 to $300.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $317.47.
Northrop Grumman Co. (NYSE NOC) opened at $332.69 on Friday. Northrop Grumman Co. has a 52 week low of $233.20 and a 52 week high of $349.18. The stock has a market cap of $56,406.13, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 2.33 and a beta of 0.82. The company has a quick ratio of 2.24, a current ratio of 2.35 and a debt-to-equity ratio of 2.04.
Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Thursday, January 25th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $0.07. Northrop Grumman had a net margin of 7.81% and a return on equity of 37.28%. The firm had revenue of $6.63 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same period last year, the firm earned $2.96 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. equities research analysts predict that Northrop Grumman Co. will post 15.18 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Monday, March 5th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, March 2nd. This is a boost from Northrop Grumman’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a yield of 1.32%. Northrop Grumman’s dividend payout ratio (DPR) is presently 34.87%.
Northrop Grumman 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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