Northrop Grumman Co. (NYSE:NOC) Shares Bought by Appleton Partners Inc. MA

Appleton Partners Inc. MA raised its holdings in Northrop Grumman Co. (NYSE:NOCFree Report) by 29.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,935 shares of the aerospace company’s stock after buying an additional 5,046 shares during the period. Appleton Partners Inc. MA’s holdings in Northrop Grumman were worth $10,499,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Nomura Holdings Inc. lifted its position in shares of Northrop Grumman by 322.9% during the 4th quarter. Nomura Holdings Inc. now owns 3,844 shares of the aerospace company’s stock worth $1,800,000 after buying an additional 2,935 shares during the last quarter. HighPoint Advisor Group LLC acquired a new position in Northrop Grumman in the fourth quarter valued at $4,590,000. Quadrature Capital Ltd grew its holdings in shares of Northrop Grumman by 30.6% during the fourth quarter. Quadrature Capital Ltd now owns 25,812 shares of the aerospace company’s stock worth $12,091,000 after purchasing an additional 6,041 shares during the last quarter. Ariston Services Group acquired a new stake in shares of Northrop Grumman during the fourth quarter worth about $315,000. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of Northrop Grumman by 1.2% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 9,179 shares of the aerospace company’s stock valued at $4,297,000 after purchasing an additional 111 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on NOC. Robert W. Baird lifted their price target on Northrop Grumman from $475.00 to $505.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Susquehanna increased their target price on shares of Northrop Grumman from $540.00 to $560.00 and gave the stock a “positive” rating in a research note on Friday, April 26th. StockNews.com raised Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Wells Fargo & Company increased their price target on Northrop Grumman from $483.00 to $518.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. Finally, Alembic Global Advisors raised shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 price objective on the stock in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $514.33.

View Our Latest Research Report on NOC

Northrop Grumman Trading Up 0.3 %

Shares of NYSE NOC traded up $1.27 during midday trading on Tuesday, reaching $431.05. 152,132 shares of the stock were exchanged, compared to its average volume of 987,249. Northrop Grumman Co. has a 52-week low of $414.56 and a 52-week high of $496.89. The stock has a 50 day moving average price of $460.35 and a 200-day moving average price of $462.16. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $63.79 billion, a P/E ratio of 30.05, a P/E/G ratio of 1.98 and a beta of 0.35.

Northrop Grumman (NYSE:NOCGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The aerospace company reported $6.32 EPS for the quarter, topping the consensus estimate of $5.83 by $0.49. The firm had revenue of $10.13 billion during the quarter, compared to analyst estimates of $9.77 billion. Northrop Grumman had a net margin of 5.38% and a return on equity of 24.09%. Northrop Grumman’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.50 earnings per share. Equities research analysts expect that Northrop Grumman Co. will post 24.7 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Tuesday, May 28th were paid a $2.06 dividend. This is a positive change from Northrop Grumman’s previous quarterly dividend of $1.87. This represents a $8.24 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Friday, May 24th. Northrop Grumman’s payout ratio is currently 57.62%.

About Northrop Grumman

(Free Report)

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. 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.

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

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