Graypoint LLC Has $847,000 Holdings in Northrop Grumman Co. (NYSE:NOC)

Graypoint LLC boosted its stake in shares of Northrop Grumman Co. (NYSE:NOCFree Report) by 8.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,809 shares of the aerospace company’s stock after buying an additional 142 shares during the period. Graypoint LLC’s holdings in Northrop Grumman were worth $847,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NOC. Cibc World Market Inc. increased its holdings in shares of Northrop Grumman by 59.4% in the 1st quarter. Cibc World Market Inc. now owns 7,390 shares of the aerospace company’s stock valued at $3,305,000 after purchasing an additional 2,753 shares during the period. Vontobel Holding Ltd. increased its holdings in shares of Northrop Grumman by 41.4% in the 1st quarter. Vontobel Holding Ltd. now owns 3,445 shares of the aerospace company’s stock valued at $1,541,000 after purchasing an additional 1,008 shares during the period. Prudential PLC acquired a new position in shares of Northrop Grumman in the 1st quarter valued at about $1,514,000. Sequoia Financial Advisors LLC increased its holdings in shares of Northrop Grumman by 21.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 1,390 shares of the aerospace company’s stock valued at $622,000 after purchasing an additional 247 shares during the period. Finally, Zions Bancorporation N.A. increased its holdings in shares of Northrop Grumman by 11.0% in the 1st quarter. Zions Bancorporation N.A. now owns 1,890 shares of the aerospace company’s stock valued at $845,000 after purchasing an additional 187 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Stock Down 0.4 %

Shares of Northrop Grumman stock opened at $456.11 on Friday. The stock has a market capitalization of $67.60 billion, a P/E ratio of 33.84, a PEG ratio of 1.83 and a beta of 0.35. The company has a quick ratio of 1.05, a current ratio of 1.15 and a debt-to-equity ratio of 0.93. The stock has a 50 day moving average price of $459.36 and a two-hundred day moving average price of $463.95. Northrop Grumman Co. has a 12-month low of $414.56 and a 12-month high of $496.89.

Northrop Grumman (NYSE:NOCGet Free Report) last announced its earnings results on Thursday, January 25th. The aerospace company reported $6.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.80 by $0.47. The firm 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%. The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.50 earnings per share. Equities analysts expect that Northrop Grumman Co. will post 24.67 earnings per share for the current year.

Northrop Grumman Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Monday, February 26th were given a $1.87 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $7.48 annualized dividend and a dividend yield of 1.64%. Northrop Grumman’s dividend payout ratio is 55.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NOC shares. Royal Bank of Canada reiterated 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. TheStreet cut Northrop Grumman from a “b+” rating to a “c+” rating in a research note on Thursday, January 25th. Susquehanna lowered their price target on Northrop Grumman from $560.00 to $540.00 and set a “positive” rating for the company in a research note on Friday, January 26th. Robert W. Baird lowered their price target on Northrop Grumman from $505.00 to $475.00 and set a “neutral” rating for the company in a research note on Friday, January 26th. Finally, StockNews.com cut 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 issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Northrop Grumman has a consensus rating of “Hold” and a consensus price target of $494.33.

View Our Latest Analysis on Northrop Grumman

Insider Activity

In other news, VP Kathryn G. Simpson sold 1,273 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $450.37, for a total value of $573,321.01. Following the completion of the sale, the vice president now directly owns 2,735 shares of the company’s stock, valued at $1,231,761.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Michael A. Hardesty sold 210 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $454.68, for a total value of $95,482.80. Following the completion of the transaction, the chief accounting officer now directly owns 3,127 shares in the company, valued at $1,421,784.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kathryn G. Simpson sold 1,273 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $450.37, for a total value of $573,321.01. Following the completion of the transaction, the vice president now owns 2,735 shares of the company’s stock, valued at $1,231,761.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,149 shares of company stock valued at $1,421,147. 0.26% of the stock is owned by company insiders.

Northrop Grumman Company Profile

(Free Report)

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.

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

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