637 Shares in Northrop Grumman Co. (NYSE:NOC) Acquired by BOK Financial Private Wealth Inc.

BOK Financial Private Wealth Inc. acquired a new stake in Northrop Grumman Co. (NYSE:NOCGet Rating) during the third quarter, according to its most recent filing with the SEC. The firm acquired 637 shares of the aerospace company’s stock, valued at approximately $239,000.

A number of other hedge funds have also recently bought and sold shares of NOC. Jennison Associates LLC boosted its position in Northrop Grumman by 1,197.9% in the 3rd quarter. Jennison Associates LLC now owns 812,239 shares of the aerospace company’s stock valued at $382,012,000 after buying an additional 749,660 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Northrop Grumman by 78.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,290,934 shares of the aerospace company’s stock valued at $617,802,000 after buying an additional 567,520 shares during the last quarter. FMR LLC boosted its position in Northrop Grumman by 5.5% in the 2nd quarter. FMR LLC now owns 6,562,706 shares of the aerospace company’s stock valued at $3,140,714,000 after buying an additional 339,889 shares during the last quarter. TD Asset Management Inc. boosted its position in Northrop Grumman by 473.7% in the 2nd quarter. TD Asset Management Inc. now owns 346,170 shares of the aerospace company’s stock valued at $165,666,000 after buying an additional 285,835 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its position in Northrop Grumman by 118.8% in the 2nd quarter. Artisan Partners Limited Partnership now owns 490,882 shares of the aerospace company’s stock valued at $234,921,000 after buying an additional 266,487 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on NOC shares. Royal Bank of Canada increased their price objective on Northrop Grumman from $550.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 28th. Wolfe Research assumed coverage on Northrop Grumman in a research note on Monday, October 10th. They issued an “outperform” rating and a $565.00 price target on the stock. JPMorgan Chase & Co. downgraded Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $490.00 price target on the stock. in a research note on Friday, October 14th. StockNews.com downgraded Northrop Grumman from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Credit Suisse Group cut their price target on Northrop Grumman from $575.00 to $540.00 and set an “outperform” rating on the stock in a research note on Thursday, January 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $525.33.

Northrop Grumman Stock Performance

Shares of Northrop Grumman stock opened at $459.31 on Wednesday. The stock’s fifty day simple moving average is $515.98 and its 200 day simple moving average is $498.32. Northrop Grumman Co. has a 12 month low of $364.62 and a 12 month high of $556.27. The company has a market capitalization of $70.69 billion, a PE ratio of 13.05, a PEG ratio of 8.79 and a beta of 0.60. The company has a current ratio of 1.14, a quick ratio of 1.05 and a debt-to-equity ratio of 0.85.

Northrop Grumman (NYSE:NOCGet Rating) last released its quarterly earnings results on Thursday, October 27th. The aerospace company reported $5.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.09 by ($0.20). Northrop Grumman had a net margin of 15.69% and a return on equity of 27.99%. The firm had revenue of $8.97 billion during the quarter, compared to analyst estimates of $9.15 billion. On average, research analysts predict that Northrop Grumman Co. will post 24.65 EPS for the current year.

Northrop Grumman Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 14th. Shareholders of record on Monday, November 28th were paid a $1.73 dividend. This represents a $6.92 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Friday, November 25th. Northrop Grumman’s dividend payout ratio is 19.66%.

Northrop Grumman Company Profile

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Northrop Grumman Corporation operates as an aerospace and defense company worldwide. 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.

Further Reading

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

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