Ausdal Financial Partners Inc. Decreases Holdings in Northrop Grumman Co. (NYSE:NOC)

Ausdal Financial Partners Inc. reduced its stake in Northrop Grumman Co. (NYSE:NOCFree Report) by 20.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 502 shares of the aerospace company’s stock after selling 131 shares during the period. Ausdal Financial Partners Inc.’s holdings in Northrop Grumman were worth $221,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Osaic Holdings Inc. lifted its holdings in shares of Northrop Grumman by 1,372.7% during the second quarter. Osaic Holdings Inc. now owns 1,277,360 shares of the aerospace company’s stock valued at $37,271,000 after purchasing an additional 1,190,623 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in shares of Northrop Grumman by 70,532.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 637,105 shares of the aerospace company’s stock valued at $347,611,000 after purchasing an additional 636,203 shares in the last quarter. Capital World Investors lifted its holdings in shares of Northrop Grumman by 16.6% during the second quarter. Capital World Investors now owns 3,708,452 shares of the aerospace company’s stock valued at $1,690,312,000 after purchasing an additional 528,377 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Northrop Grumman by 12.5% in the second quarter. JPMorgan Chase & Co. now owns 4,077,676 shares of the aerospace company’s stock valued at $1,858,605,000 after acquiring an additional 452,166 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Northrop Grumman by 29.2% in the third quarter. Bank of New York Mellon Corp now owns 1,605,679 shares of the aerospace company’s stock valued at $706,804,000 after acquiring an additional 362,515 shares during the period. 82.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wolfe Research downgraded Northrop Grumman from a “peer perform” rating to an “underperform” rating and set a $450.00 target price on the stock. in a report on Thursday, December 14th. JPMorgan Chase & Co. increased their target price on Northrop Grumman from $430.00 to $435.00 and gave the company a “neutral” rating in a report on Tuesday, October 31st. Robert W. Baird lowered their target price on Northrop Grumman from $505.00 to $475.00 and set a “neutral” rating on the stock in a report on Friday, January 26th. StockNews.com downgraded Northrop Grumman from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $450.00 target price (down previously from $515.00) on shares of Northrop Grumman in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $494.33.

Read Our Latest Stock Report on NOC

Northrop Grumman Stock Performance

NYSE:NOC opened at $454.92 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.05 and a debt-to-equity ratio of 0.93. Northrop Grumman Co. has a 12-month low of $414.56 and a 12-month high of $496.89. The stock has a 50-day moving average price of $464.76 and a 200 day moving average price of $455.64. The stock has a market capitalization of $68.26 billion, a P/E ratio of 33.75, a P/E/G ratio of 6.03 and a beta of 0.35.

Northrop Grumman (NYSE:NOCGet Free Report) last released its earnings results on Thursday, January 25th. The aerospace company reported $6.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.47. Northrop Grumman had a return on equity of 23.07% and a net margin of 5.23%. The firm had revenue of $10.64 billion during the quarter, compared to analysts’ expectations of $10.43 billion. During the same quarter last year, the business posted $7.50 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. Equities research analysts forecast that Northrop Grumman Co. will post 24.52 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Monday, November 27th were issued a dividend of $1.87 per share. This represents a $7.48 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Friday, November 24th. Northrop Grumman’s dividend payout ratio is presently 55.49%.

Northrop Grumman Profile

(Free Report)

Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems in the United States and internationally. 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.

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

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