Norinchukin Bank The Acquires 214 Shares of Northrop Grumman Co. (NYSE:NOC)

Norinchukin Bank The increased its holdings in Northrop Grumman Co. (NYSE:NOC) by 1.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,903 shares of the aerospace company’s stock after acquiring an additional 214 shares during the period. Norinchukin Bank The’s holdings in Northrop Grumman were worth $4,176,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Parisi Gray Wealth Management grew its holdings in shares of Northrop Grumman by 3.5% in the fourth quarter. Parisi Gray Wealth Management now owns 1,036 shares of the aerospace company’s stock valued at $316,000 after acquiring an additional 35 shares in the last quarter. GPS Wealth Strategies Group LLC grew its holdings in shares of Northrop Grumman by 3.9% in the first quarter. GPS Wealth Strategies Group LLC now owns 937 shares of the aerospace company’s stock valued at $303,000 after acquiring an additional 35 shares in the last quarter. Personal CFO Solutions LLC grew its holdings in shares of Northrop Grumman by 4.7% in the first quarter. Personal CFO Solutions LLC now owns 842 shares of the aerospace company’s stock valued at $272,000 after acquiring an additional 38 shares in the last quarter. Oakworth Capital Inc. grew its holdings in shares of Northrop Grumman by 40.0% in the first quarter. Oakworth Capital Inc. now owns 140 shares of the aerospace company’s stock valued at $45,000 after acquiring an additional 40 shares in the last quarter. Finally, Diversified Trust Co grew its holdings in shares of Northrop Grumman by 1.9% in the first quarter. Diversified Trust Co now owns 2,107 shares of the aerospace company’s stock valued at $682,000 after acquiring an additional 40 shares in the last quarter. 83.30% of the stock is owned by institutional investors.

In other Northrop Grumman news, VP Mark A. Caylor sold 2,961 shares of the firm’s stock in a transaction dated Monday, May 3rd. The stock was sold at an average price of $352.04, for a total transaction of $1,042,390.44. Following the sale, the vice president now owns 10,019 shares in the company, valued at $3,527,088.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kathy J. Warden sold 4,916 shares of the firm’s stock in a transaction dated Monday, May 3rd. The shares were sold at an average price of $352.04, for a total value of $1,730,628.64. Following the sale, the chief executive officer now owns 114,040 shares in the company, valued at approximately $40,146,641.60. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

Several equities analysts have weighed in on NOC shares. Stifel Nicolaus raised Northrop Grumman from a “hold” rating to a “buy” rating and increased their price objective for the company from $350.00 to $475.00 in a report on Friday, June 4th. Susquehanna increased their target price on Northrop Grumman from $350.00 to $409.00 and gave the stock a “positive” rating in a research report on Friday, April 30th. Susquehanna Bancshares increased their target price on Northrop Grumman from $350.00 to $409.00 and gave the stock a “positive” rating in a research report on Friday, April 30th. Zacks Investment Research upgraded Northrop Grumman from a “sell” rating to a “hold” rating and set a $375.00 target price on the stock in a research report on Monday, May 3rd. Finally, Morgan Stanley increased their target price on Northrop Grumman from $447.00 to $478.00 and gave the stock an “overweight” rating in a research report on Friday, April 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. Northrop Grumman currently has a consensus rating of “Buy” and an average price target of $393.17.

Shares of NOC stock opened at $372.51 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.46 and a debt-to-equity ratio of 1.21. Northrop Grumman Co. has a 52-week low of $282.88 and a 52-week high of $379.03. The stock has a market capitalization of $59.96 billion, a P/E ratio of 13.65 and a beta of 0.83. The stock has a fifty day simple moving average of $357.41.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Thursday, April 29th. The aerospace company reported $6.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $5.48 by $1.09. Northrop Grumman had a return on equity of 40.40% and a net margin of 12.10%. The company had revenue of $9.16 billion for the quarter, compared to the consensus estimate of $8.49 billion. During the same quarter last year, the business posted $5.48 earnings per share. The firm’s revenue was up 6.2% compared to the same quarter last year. Sell-side analysts predict that Northrop Grumman Co. will post 24.51 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 16th. Shareholders of record on Tuesday, June 1st will be given a dividend of $1.57 per share. This is an increase from Northrop Grumman’s previous quarterly dividend of $1.45. The ex-dividend date of this dividend is Friday, May 28th. This represents a $6.28 dividend on an annualized basis and a yield of 1.69%. Northrop Grumman’s dividend payout ratio (DPR) is presently 26.55%.

About Northrop Grumman

Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. The Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems for strategic and tactical intelligence, surveillance, and reconnaissance (ISR) missions; and long-range strike aircraft systems, tactical fighter aircrafts, and airborne battle management systems.

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Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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