James Investment Research Inc. lowered its holdings in Northrop Grumman Co. (NYSE:NOC) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,461 shares of the aerospace company’s stock after selling 6,359 shares during the period. James Investment Research Inc.’s holdings in Northrop Grumman were worth $24,695,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in NOC. Janus Henderson Group PLC increased its holdings in shares of 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 worth $842,768,000 after acquiring an additional 9,159 shares during the period. Capital International Investors grew its stake in shares of Northrop Grumman by 29.4% in the 3rd quarter. Capital International Investors now owns 2,274,928 shares of the aerospace company’s stock worth $654,542,000 after purchasing an additional 516,427 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Northrop Grumman by 1.1% in the 3rd quarter. Legal & General Group Plc now owns 880,614 shares of the aerospace company’s stock worth $253,337,000 after purchasing an additional 9,729 shares during the last quarter. Swiss National Bank grew 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 worth $202,234,000 after purchasing an additional 5,700 shares during the last quarter. Finally, AGF Investments Inc. boosted its holdings in shares of Northrop Grumman by 3.3% in the third quarter. AGF Investments Inc. now owns 690,718 shares of the aerospace company’s stock worth $198,733,000 after buying an additional 21,851 shares during the period. 80.56% of the stock is owned by institutional investors.
Shares of Northrop Grumman Co. (NYSE NOC) opened at $349.62 on Thursday. The company has a quick ratio of 2.24, a current ratio of 2.35 and a debt-to-equity ratio of 2.04. The firm has a market capitalization of $60,860.00, a price-to-earnings ratio of 30.48, a P/E/G ratio of 2.43 and a beta of 0.82. Northrop Grumman Co. has a 12 month low of $233.20 and a 12 month high of $350.42.
Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Thursday, January 25th. The aerospace company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.07. Northrop Grumman had a return on equity of 10.55% and a net margin of 2.68%. The firm had revenue of $6.63 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter last year, the business earned $2.96 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. equities analysts expect that Northrop Grumman Co. will post 15.18 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Monday, March 5th will be given a $1.10 dividend. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.26%. This is a boost from Northrop Grumman’s previous quarterly dividend of $1.00. Northrop Grumman’s dividend payout ratio (DPR) is presently 34.87%.
Several analysts recently commented on NOC shares. Cowen restated a “hold” rating and set a $300.00 price target (up from $275.00) on shares of Northrop Grumman in a report on Thursday, October 26th. Royal Bank of Canada set a $374.00 price target on shares of Northrop Grumman and gave the company a “buy” rating in a research report on Thursday, November 16th. Bank of America set a $350.00 target price on shares of Northrop Grumman and gave the stock a “buy” rating in a research report on Friday, October 27th. Jefferies Group raised shares of Northrop Grumman from a “hold” rating to a “buy” rating and set a $400.00 target price on the stock in a research report on Wednesday. Finally, Goldman Sachs Group set a $320.00 price target on shares of Northrop Grumman and gave the stock a “buy” rating in a research note on Thursday, October 26th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Northrop Grumman presently has a consensus rating of “Buy” and a consensus 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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