AMP Capital Investors Ltd lifted its position in Northrop Grumman Co. (NYSE:NOC) by 220.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,222 shares of the aerospace company’s stock after acquiring an additional 33,881 shares during the quarter. AMP Capital Investors Ltd’s holdings in Northrop Grumman were worth $15,107,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Icon Wealth Partners LLC bought a new stake in shares of Northrop Grumman in the 4th quarter worth $100,000. Truewealth LLC bought a new stake in shares of Northrop Grumman in the 4th quarter worth $110,000. Ropes Wealth Advisors LLC bought a new stake in shares of Northrop Grumman in the 3rd quarter worth $144,000. Crewe Advisors LLC bought a new stake in shares of Northrop Grumman in the 4th quarter worth $159,000. Finally, Hanseatic Management Services Inc. grew its stake in shares of Northrop Grumman by 39.7% in the 3rd quarter. Hanseatic Management Services Inc. now owns 591 shares of the aerospace company’s stock worth $170,000 after acquiring an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.
NOC has been the subject of several recent analyst reports. Royal Bank of Canada set a $374.00 target price on shares of Northrop Grumman and gave the stock a “buy” rating in a research note on Thursday, November 16th. Jefferies Group upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating and set a $400.00 target price for the company in a research note on Wednesday, February 14th. Argus upgraded shares of Northrop Grumman to a “buy” rating in a research note on Wednesday, February 7th. Cowen reiterated a “hold” rating and issued a $310.00 target price on shares of Northrop Grumman in a research note on Wednesday, November 22nd. Finally, Citigroup reiterated a “buy” rating and issued a $405.00 target price on shares of Northrop Grumman in a research note on Monday. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Northrop Grumman presently has an average rating of “Buy” and a consensus target price of $358.64.
Northrop Grumman Co. (NYSE NOC) opened at $344.72 on Tuesday. The firm has a market cap of $60,010.00, a PE ratio of 26.15, a P/E/G ratio of 2.51 and a beta of 0.78. The company has a current ratio of 2.35, a quick ratio of 2.24 and a debt-to-equity ratio of 2.04. Northrop Grumman Co. has a 1 year low of $233.20 and a 1 year high of $359.43.
Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Thursday, January 25th. The aerospace company reported $2.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.75 by $0.07. The company had revenue of $6.63 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.96 earnings per share. equities analysts forecast that Northrop Grumman Co. will post 15.25 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Monday, March 5th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, March 2nd. This is an increase from Northrop Grumman’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a yield of 1.28%. Northrop Grumman’s dividend payout ratio is 33.38%.
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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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