Syon Capital LLC Has $840,000 Stock Holdings in Northrop Grumman Co. (NYSE:NOC)

Syon Capital LLC lifted its position in Northrop Grumman Co. (NYSE:NOC) by 15.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,795 shares of the aerospace company’s stock after buying an additional 240 shares during the quarter. Syon Capital LLC’s holdings in Northrop Grumman were worth $840,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of NOC. International Assets Investment Management LLC acquired a new stake in shares of Northrop Grumman in the fourth quarter worth $283,114,000. Invesco Ltd. lifted its stake in shares of Northrop Grumman by 74.7% in the third quarter. Invesco Ltd. now owns 1,174,556 shares of the aerospace company’s stock worth $517,028,000 after buying an additional 502,060 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Northrop Grumman by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 4,488,412 shares of the aerospace company’s stock worth $1,975,754,000 after buying an additional 410,736 shares during the last quarter. London Co. of Virginia acquired a new stake in shares of Northrop Grumman in the third quarter worth $165,786,000. Finally, Cerity Partners LLC lifted its stake in shares of Northrop Grumman by 2,801.7% in the fourth quarter. Cerity Partners LLC now owns 330,499 shares of the aerospace company’s stock worth $154,720,000 after buying an additional 319,109 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NOC shares. Susquehanna upped their target price on shares of Northrop Grumman from $540.00 to $560.00 and gave the company a “positive” rating in a research note on Friday, April 26th. StockNews.com upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Wells Fargo & Company upped their target price on shares of Northrop Grumman from $483.00 to $518.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 30th. Royal Bank of Canada upped their target price on shares of Northrop Grumman from $450.00 to $475.00 and gave the company a “sector perform” rating in a research note on Friday, April 26th. Finally, Alembic Global Advisors upgraded shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 target price for the company in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Northrop Grumman presently has a consensus rating of “Hold” and an average target price of $514.33.

Northrop Grumman Price Performance

Shares of NOC traded up $0.67 during trading hours on Friday, hitting $424.09. The stock had a trading volume of 1,085,612 shares, compared to its average volume of 979,655. The company’s fifty day moving average is $460.89 and its two-hundred day moving average is $462.52. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.13 and a quick ratio of 1.02. Northrop Grumman Co. has a 52 week low of $414.56 and a 52 week high of $496.89. The stock has a market capitalization of $62.76 billion, a price-to-earnings ratio of 29.66, a P/E/G ratio of 1.98 and a beta of 0.35.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Thursday, April 25th. The aerospace company reported $6.32 earnings per share for the quarter, topping the consensus estimate of $5.83 by $0.49. Northrop Grumman had a net margin of 5.38% and a return on equity of 24.09%. The business had revenue of $10.13 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the prior year, the firm earned $5.50 EPS. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, analysts anticipate that Northrop Grumman Co. will post 24.7 EPS for the current year.

Northrop Grumman Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Tuesday, May 28th were issued a $2.06 dividend. This is a positive change from Northrop Grumman’s previous quarterly dividend of $1.87. The ex-dividend date was Friday, May 24th. This represents a $8.24 annualized dividend and a dividend yield of 1.94%. Northrop Grumman’s dividend payout ratio is presently 57.62%.

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.