740 Shares in Northrop Grumman Co. (NYSE:NOC) Purchased by J. Stern & Co. LLP

J. Stern & Co. LLP purchased a new stake in Northrop Grumman Co. (NYSE:NOC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 740 shares of the aerospace company’s stock, valued at approximately $391,000.

Several other hedge funds have also bought and sold shares of the stock. Legal & General Group Plc boosted its holdings in Northrop Grumman by 16.0% during the second quarter. Legal & General Group Plc now owns 1,087,913 shares of the aerospace company’s stock worth $474,276,000 after buying an additional 150,367 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Northrop Grumman by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 809,445 shares of the aerospace company’s stock worth $427,444,000 after acquiring an additional 3,211 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Northrop Grumman by 22.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 683,427 shares of the aerospace company’s stock valued at $297,937,000 after acquiring an additional 125,262 shares during the period. Van ECK Associates Corp grew its position in shares of Northrop Grumman by 1.2% during the 3rd quarter. Van ECK Associates Corp now owns 443,724 shares of the aerospace company’s stock valued at $229,139,000 after acquiring an additional 5,203 shares during the period. Finally, National Pension Service increased its stake in shares of Northrop Grumman by 12.5% in the 3rd quarter. National Pension Service now owns 357,466 shares of the aerospace company’s stock valued at $188,767,000 after purchasing an additional 39,628 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Insider Activity at Northrop Grumman

In other news, VP Benjamin R. Davies sold 1,156 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $532.93, for a total transaction of $616,067.08. Following the completion of the transaction, the vice president now directly owns 537 shares in the company, valued at $286,183.41. This trade represents a 68.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders sold 1,289 shares of company stock worth $685,273. Insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

NOC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Northrop Grumman from $500.00 to $560.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft raised shares of Northrop Grumman from a “hold” rating to a “buy” rating and boosted their price target for the stock from $474.00 to $575.00 in a report on Monday, July 29th. UBS Group increased their price objective on shares of Northrop Grumman from $614.00 to $643.00 and gave the company a “buy” rating in a report on Friday, October 25th. TD Cowen upgraded shares of Northrop Grumman to a “hold” rating in a research report on Tuesday, October 8th. Finally, Alembic Global Advisors lowered shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price target on the stock. in a research note on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $550.56.

Northrop Grumman Trading Down 0.2 %

NOC stock traded down $1.21 during midday trading on Tuesday, hitting $484.06. 42,714 shares of the company’s stock were exchanged, compared to its average volume of 861,577. Northrop Grumman Co. has a 1-year low of $418.60 and a 1-year high of $555.57. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $70.53 billion, a PE ratio of 30.07, a P/E/G ratio of 1.00 and a beta of 0.35. The business has a 50-day simple moving average of $519.87 and a two-hundred day simple moving average of $487.03.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Thursday, October 24th. The aerospace company reported $7.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.07 by $0.93. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.18 billion. Northrop Grumman had a net margin of 5.79% and a return on equity of 26.57%. Northrop Grumman’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $6.18 EPS. On average, sell-side analysts predict that Northrop Grumman Co. will post 25.93 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, December 2nd will be given a dividend of $2.06 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.70%. Northrop Grumman’s payout ratio is currently 51.05%.

Northrop Grumman Company Profile

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.