Mitsubishi UFJ Trust & Banking Corp Reduces Stock Holdings in Northrop Grumman Co. (NYSE:NOC)

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of Northrop Grumman Co. (NYSE:NOCFree Report) by 2.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 107,704 shares of the aerospace company’s stock after selling 2,598 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Northrop Grumman were worth $47,410,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Northrop Grumman during the 3rd quarter worth $29,000. Archer Investment Corp grew its stake in Northrop Grumman by 325.0% during the 2nd quarter. Archer Investment Corp now owns 68 shares of the aerospace company’s stock worth $31,000 after buying an additional 52 shares during the last quarter. State of Wyoming grew its stake in Northrop Grumman by 76.5% during the 4th quarter. State of Wyoming now owns 60 shares of the aerospace company’s stock worth $33,000 after buying an additional 26 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in Northrop Grumman by 169.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 78 shares of the aerospace company’s stock worth $35,000 after buying an additional 49 shares during the last quarter. Finally, Key Financial Inc grew its stake in Northrop Grumman by 60.0% during the 2nd quarter. Key Financial Inc now owns 80 shares of the aerospace company’s stock worth $36,000 after buying an additional 30 shares during the last quarter. 82.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. TheStreet downgraded Northrop Grumman from a “b+” rating to a “c+” rating in a research note on Thursday, January 25th. Royal Bank of Canada reiterated a “sector perform” rating and set a $450.00 price target (down previously from $515.00) on shares of Northrop Grumman in a research note on Friday, January 26th. Wolfe Research downgraded Northrop Grumman from a “peer perform” rating to an “underperform” rating and set a $450.00 price target on the stock. in a research note on Thursday, December 14th. Robert W. Baird dropped their price target on Northrop Grumman from $505.00 to $475.00 and set a “neutral” rating on the stock in a research note on Friday, January 26th. Finally, StockNews.com downgraded Northrop Grumman from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Northrop Grumman presently has an average rating of “Hold” and a consensus price target of $494.33.

Check Out Our Latest Report on NOC

Northrop Grumman Stock Performance

Shares of NOC stock opened at $454.92 on Friday. The stock has a market cap of $68.26 billion, a PE ratio of 33.75, a price-to-earnings-growth ratio of 6.03 and a beta of 0.35. The business has a 50-day simple moving average of $464.76 and a 200-day simple moving average of $455.64. The company has a quick ratio of 1.05, a current ratio of 1.15 and a debt-to-equity ratio of 0.93. Northrop Grumman Co. has a 52-week low of $414.56 and a 52-week high of $496.89.

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

Northrop Grumman Dividend Announcement

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

Northrop Grumman Company 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.

Read More

Want to see what other hedge funds are holding NOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northrop Grumman Co. (NYSE:NOCFree Report).

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

Receive News & Ratings for Northrop Grumman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman and related companies with MarketBeat.com's FREE daily email newsletter.