Northrop Grumman Co. (NYSE:NOC) Shares Sold by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC lessened its stake in Northrop Grumman Co. (NYSE:NOC) by 0.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,512 shares of the aerospace company’s stock after selling 26 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Northrop Grumman were worth $3,517,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. London Co. of Virginia purchased a new position in shares of Northrop Grumman in the 3rd quarter valued at about $165,786,000. Invesco Ltd. increased its stake in shares of Northrop Grumman by 74.7% in the 3rd quarter. Invesco Ltd. now owns 1,174,556 shares of the aerospace company’s stock valued at $517,028,000 after purchasing an additional 502,060 shares in the last quarter. Raymond James Trust N.A. increased its stake in shares of Northrop Grumman by 19.7% in the 4th quarter. Raymond James Trust N.A. now owns 16,515 shares of the aerospace company’s stock valued at $7,731,000 after purchasing an additional 2,723 shares in the last quarter. Phraction Management LLC purchased a new position in shares of Northrop Grumman in the 3rd quarter valued at about $677,000. Finally, Cerity Partners LLC increased its stake in shares of Northrop Grumman by 2,801.7% in the 4th quarter. Cerity Partners LLC now owns 330,499 shares of the aerospace company’s stock valued at $154,720,000 after purchasing an additional 319,109 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on NOC shares. Royal Bank of Canada boosted their target price on Northrop Grumman from $450.00 to $475.00 and gave the stock a “sector perform” rating in a report on Friday, April 26th. Robert W. Baird upped their price objective on Northrop Grumman from $475.00 to $505.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Alembic Global Advisors upgraded Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 price objective on the stock in a report on Monday, April 22nd. TheStreet cut Northrop Grumman from a “b+” rating to a “c+” rating in a research note on Thursday, January 25th. Finally, Susquehanna upped their price target on Northrop Grumman from $540.00 to $560.00 and gave the stock a “positive” rating in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $514.33.

Northrop Grumman Stock Down 1.2 %

NYSE:NOC traded down $5.91 during trading hours on Thursday, hitting $468.78. The company’s stock had a trading volume of 390,678 shares, compared to its average volume of 967,932. The stock has a market capitalization of $69.37 billion, a P/E ratio of 32.79, a price-to-earnings-growth ratio of 2.20 and a beta of 0.34. The stock has a fifty day moving average of $468.46 and a 200-day moving average of $465.13. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 1.04. Northrop Grumman Co. has a 52-week low of $414.56 and a 52-week high of $496.89.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Thursday, April 25th. The aerospace company reported $6.32 EPS for the quarter, beating the consensus estimate of $5.83 by $0.49. The firm had revenue of $10.13 billion for the quarter, compared to analyst estimates of $9.77 billion. Northrop Grumman had a return on equity of 24.09% and a net margin of 5.38%. 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 company posted $5.50 earnings per share. On average, equities analysts forecast that Northrop Grumman Co. will post 24.7 earnings per share for the current year.

Northrop Grumman Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Tuesday, May 28th will be issued a dividend of $2.06 per share. This is a positive change from Northrop Grumman’s previous quarterly dividend of $1.87. The ex-dividend date of this dividend is Friday, May 24th. This represents a $8.24 annualized dividend and a dividend yield of 1.76%. Northrop Grumman’s dividend payout ratio (DPR) is presently 52.31%.

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.