Candriam Luxembourg S.C.A. decreased its holdings in Northrop Grumman Co. (NYSE:NOC) by 76.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,812 shares of the aerospace company’s stock after selling 12,125 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Northrop Grumman were worth $1,170,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. USS Investment Management Ltd raised its position in Northrop Grumman by 7.0% in the 3rd quarter. USS Investment Management Ltd now owns 27,500 shares of the aerospace company’s stock valued at $7,911,000 after purchasing an additional 1,800 shares during the last quarter. Wright Investors Service Inc. raised its position in Northrop Grumman by 12.9% in the 4th quarter. Wright Investors Service Inc. now owns 8,865 shares of the aerospace company’s stock valued at $2,721,000 after purchasing an additional 1,014 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in Northrop Grumman in the 3rd quarter valued at $3,433,000. Breton Hill Capital Ltd. raised its position in Northrop Grumman by 58.7% in the 3rd quarter. Breton Hill Capital Ltd. now owns 1,904 shares of the aerospace company’s stock valued at $548,000 after purchasing an additional 704 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Northrop Grumman by 6.3% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 41,529 shares of the aerospace company’s stock valued at $11,949,000 after purchasing an additional 2,473 shares during the last quarter. Hedge funds and other institutional investors own 81.18% of the company’s stock.
Shares of Northrop Grumman Co. (NYSE NOC) opened at $348.63 on Friday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 2.24 and a current ratio of 2.35. Northrop Grumman Co. has a 52 week low of $233.20 and a 52 week high of $358.84. The company has a market capitalization of $60,690.00, a price-to-earnings ratio of 26.45, a P/E/G ratio of 2.52 and a beta of 0.82.
Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Thursday, January 25th. The aerospace company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $0.07. Northrop Grumman had a return on equity of 37.28% and a net margin of 7.81%. The business had revenue of $6.63 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same period in the previous year, the firm earned $2.96 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. analysts anticipate that Northrop Grumman Co. will post 15.2 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Monday, March 5th will be paid a dividend of $1.10 per share. The ex-dividend date 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 dividend yield of 1.26%. Northrop Grumman’s payout ratio is 30.35%.
In related news, VP Denise M. Peppard sold 2,539 shares of Northrop Grumman stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $335.12, for a total transaction of $850,869.68. Following the completion of the sale, the vice president now directly owns 38,613 shares of the company’s stock, valued at $12,939,988.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Michael A. Hardesty sold 2,941 shares of Northrop Grumman stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $351.06, for a total value of $1,032,467.46. Following the sale, the vice president now directly owns 9,202 shares of the company’s stock, valued at $3,230,454.12. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.
A number of equities research analysts have recently weighed in on the company. Robert W. Baird restated a “buy” rating and set a $394.00 target price on shares of Northrop Grumman in a research report on Friday, January 26th. Royal Bank of Canada boosted their target price on Northrop Grumman from $324.00 to $347.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. JPMorgan Chase & Co. upgraded Northrop Grumman from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $317.00 to $355.00 in a research report on Tuesday, December 12th. Zacks Investment Research downgraded Northrop Grumman from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Finally, Wells Fargo & Co upgraded Northrop Grumman from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 16th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Northrop Grumman currently has an average rating of “Buy” and an average price target of $331.21.
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Northrop Grumman Company 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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