Northrop Grumman Co. (NYSE:NOC) Stake Raised by Means Investment CO. Inc.


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Means Investment CO. Inc. increased its position in shares of Northrop Grumman Co. (NYSE:NOC) by 3.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,558 shares of the aerospace company’s stock after purchasing an additional 239 shares during the period. Means Investment CO. Inc.’s holdings in Northrop Grumman were worth $2,122,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NOC. Childress Capital Advisors LLC bought a new stake in Northrop Grumman during the fourth quarter worth approximately $25,000. Graves Light Private Wealth Management Inc. acquired a new position in Northrop Grumman in the fourth quarter worth approximately $28,000. Bellwether Advisors LLC acquired a new position in Northrop Grumman in the fourth quarter worth approximately $29,000. ELM Advisors LLC acquired a new position in Northrop Grumman in the fourth quarter worth approximately $30,000. Finally, Carroll Financial Associates Inc. grew its position in Northrop Grumman by 56.1% in the fourth quarter. Carroll Financial Associates Inc. now owns 103 shares of the aerospace company’s stock worth $31,000 after buying an additional 37 shares during the last quarter. 82.65% of the stock is currently owned by hedge funds and other institutional investors.

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

In other Northrop Grumman news, VP Janis G. Pamiljans sold 801 shares of the business’s stock in a transaction that occurred on Thursday, February 18th. The shares were 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 approximately $3,687,442.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David T. Perry sold 5,552 shares of the business’s stock in a transaction that occurred on Friday, February 26th. The stock was sold at an average price of $299.72, for a total transaction of $1,664,045.44. Following the sale, the vice president now directly owns 7,414 shares in the company, valued at $2,222,124.08. The disclosure for this sale can be found here. Insiders have sold a total of 14,286 shares of company stock worth $4,294,598 over the last ninety days. 0.27% of the stock is currently owned by insiders.

Northrop Grumman stock traded up $1.96 during midday trading on Thursday, hitting $335.93. The company’s stock had a trading volume of 14,556 shares, compared to its average volume of 1,180,985. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.44 and a quick ratio of 1.36. Northrop Grumman Co. has a 1-year low of $282.88 and a 1-year high of $357.12. The company has a market cap of $56.01 billion, a price-to-earnings ratio of 22.84 and a beta of 0.75. The company has a 50-day moving average price of $307.18 and a two-hundred day moving average price of $305.44.

Northrop Grumman (NYSE:NOC) last released its earnings results on Thursday, January 28th. The aerospace company reported $6.59 EPS for the quarter, beating the consensus estimate of $5.70 by $0.89. The firm had revenue of $10.21 billion for the quarter, compared to analyst estimates of $9.25 billion. Northrop Grumman had a net margin of 6.94% and a return on equity of 40.02%. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period last year, the firm earned $5.61 EPS. Sell-side analysts forecast that Northrop Grumman Co. will post 22.72 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 17th. Investors of record on Monday, March 1st were issued a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Friday, February 26th. Northrop Grumman’s dividend payout ratio (DPR) is presently 27.35%.

About Northrop Grumman

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.

Further Reading: Put Option Volume

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

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