Northrop Grumman Co. (NYSE:NOC) Shares Bought by HM Payson & Co.


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HM Payson & Co. boosted its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 29.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,656 shares of the aerospace company’s stock after purchasing an additional 825 shares during the period. HM Payson & Co.’s holdings in Northrop Grumman were worth $1,114,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NOC. AXA S.A. boosted its stake in shares of Northrop Grumman by 4.7% during the 3rd quarter. AXA S.A. now owns 2,213 shares of the aerospace company’s stock worth $699,000 after acquiring an additional 100 shares in the last quarter. Wealth Alliance boosted its stake in shares of Northrop Grumman by 17.7% during the 3rd quarter. Wealth Alliance now owns 1,158 shares of the aerospace company’s stock worth $365,000 after acquiring an additional 174 shares in the last quarter. Peapack Gladstone Financial Corp boosted its stake in shares of Northrop Grumman by 43.2% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 1,140 shares of the aerospace company’s stock worth $360,000 after acquiring an additional 344 shares in the last quarter. OLD Mission Capital LLC purchased a new stake in shares of Northrop Grumman during the 3rd quarter worth about $5,643,000. Finally, Cubist Systematic Strategies LLC lifted its stake in Northrop Grumman by 77.1% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 39,967 shares of the aerospace company’s stock valued at $12,609,000 after buying an additional 17,401 shares in the last quarter. 82.65% of the stock is currently owned by institutional investors.

In other news, VP David T. Perry sold 5,552 shares of Northrop Grumman stock in a transaction on Friday, February 26th. The shares were sold at an average price of $299.72, for a total transaction of $1,664,045.44. Following the completion of the sale, the vice president now directly owns 7,414 shares of the company’s stock, valued at approximately $2,222,124.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Janis G. Pamiljans sold 801 shares of Northrop Grumman stock in a transaction on Thursday, February 18th. The stock was sold at an average price of $295.80, for a total transaction of $236,935.80. Following the sale, the vice president now directly owns 12,466 shares of the company’s stock, valued at $3,687,442.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,286 shares of company stock valued at $4,294,598. Corporate insiders own 0.27% of the company’s stock.

NOC has been the topic of a number of research reports. Morgan Stanley decreased their price target on shares of Northrop Grumman from $453.00 to $447.00 and set an “overweight” rating on the stock in a research note on Monday, February 8th. Credit Suisse Group decreased their price target on shares of Northrop Grumman from $377.00 to $353.00 and set an “outperform” rating on the stock in a research note on Friday, January 29th. Susquehanna Bancshares decreased their price target on shares of Northrop Grumman from $380.00 to $350.00 and set a “positive” rating on the stock in a research note on Friday, January 29th. Robert W. Baird lowered shares of Northrop Grumman from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $386.00 to $331.00 in a research note on Thursday, January 7th. Finally, Susquehanna decreased their target price on shares of Northrop Grumman from $380.00 to $350.00 and set a “positive” rating on the stock in a research note on Friday, January 29th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $373.08.

Northrop Grumman stock opened at $333.97 on Thursday. Northrop Grumman Co. has a fifty-two week low of $282.88 and a fifty-two week high of $357.12. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.36 and a current ratio of 1.44. The firm has a 50 day moving average price of $307.18 and a 200 day moving average price of $305.44. The company has a market capitalization of $55.68 billion, a PE ratio of 22.84 and a beta of 0.75.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Thursday, January 28th. The aerospace company reported $6.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $5.70 by $0.89. Northrop Grumman had a net margin of 6.94% and a return on equity of 40.02%. The company had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter last year, the company posted $5.61 EPS. The firm’s revenue was up 17.1% compared to the same quarter last year. As a group, equities research analysts forecast that Northrop Grumman Co. will post 22.72 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 17th. Stockholders of record on Monday, March 1st were given a dividend of $1.45 per share. The ex-dividend date was Friday, February 26th. This represents a $5.80 annualized dividend and a dividend yield of 1.74%. Northrop Grumman’s dividend payout ratio (DPR) is currently 27.35%.

Northrop Grumman Profile

Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. The Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems for strategic and tactical intelligence, surveillance, and reconnaissance (ISR) missions; and long-range strike aircraft systems, tactical fighter aircrafts, and airborne battle management systems.

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

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