Baker Ellis Asset Management LLC cut its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 23.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,032 shares of the aerospace company’s stock after selling 4,880 shares during the period. Northrop Grumman accounts for approximately 1.2% of Baker Ellis Asset Management LLC’s holdings, making the stock its 14th biggest holding. Baker Ellis Asset Management LLC’s holdings in Northrop Grumman were worth $4,920,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janus Henderson Group PLC boosted its position in Northrop Grumman by 0.3% in the 3rd quarter. Janus Henderson Group PLC now owns 2,929,128 shares of the aerospace company’s stock valued at $842,768,000 after buying an additional 9,159 shares during the last quarter. Capital International Investors boosted its position in Northrop Grumman by 29.4% in the 3rd quarter. Capital International Investors now owns 2,274,928 shares of the aerospace company’s stock valued at $654,542,000 after buying an additional 516,427 shares during the last quarter. Legal & General Group Plc boosted its position in Northrop Grumman by 1.1% in the 3rd quarter. Legal & General Group Plc now owns 880,614 shares of the aerospace company’s stock valued at $253,337,000 after buying an additional 9,729 shares during the last quarter. Swiss National Bank raised its stake in shares of Northrop Grumman by 0.8% in the 3rd quarter. Swiss National Bank now owns 702,884 shares of the aerospace company’s stock valued at $202,234,000 after purchasing an additional 5,700 shares in the last quarter. Finally, AGF Investments Inc. raised its stake in shares of Northrop Grumman by 3.3% in the 3rd quarter. AGF Investments Inc. now owns 690,718 shares of the aerospace company’s stock valued at $198,733,000 after purchasing an additional 21,851 shares in the last quarter. 80.56% of the stock is owned by institutional investors.
Northrop Grumman Co. (NYSE NOC) traded up $3.33 during trading on Wednesday, hitting $346.69. 231,418 shares of the stock traded hands, compared to its average volume of 1,017,840. The company has a market capitalization of $60,300.00, a PE ratio of 30.24, a PEG ratio of 2.43 and a beta of 0.82. Northrop Grumman Co. has a twelve month low of $233.20 and a twelve month high of $349.18. 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 issued its earnings results on Thursday, January 25th. The aerospace company reported $2.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.75 by $0.07. The firm had revenue of $6.63 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Northrop Grumman had a net margin of 7.81% and a return on equity of 37.28%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the firm posted $2.96 earnings per share. equities research analysts forecast that Northrop Grumman Co. will post 15.18 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Monday, March 5th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.27%. This is a boost from Northrop Grumman’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, March 2nd. Northrop Grumman’s dividend payout ratio (DPR) is presently 34.87%.
A number of equities research analysts have recently issued reports on NOC shares. Zacks Investment Research upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating and set a $347.00 target price on the stock in a research note on Friday, January 12th. Goldman Sachs Group set a $320.00 price objective on shares of Northrop Grumman and gave the stock a “buy” rating in a research note on Thursday, October 26th. Bank of America set a $350.00 price objective on shares of Northrop Grumman and gave the stock a “buy” rating in a research note on Friday, October 27th. ValuEngine upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Royal Bank of Canada set a $374.00 price objective on shares of Northrop Grumman and gave the stock a “buy” rating in a research note on Thursday, November 16th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $326.21.
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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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