Calamos Wealth Management LLC Grows Stock Holdings in Northrop Grumman Co. (NYSE:NOC)

Calamos Wealth Management LLC grew its holdings in Northrop Grumman Co. (NYSE:NOCFree Report) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,892 shares of the aerospace company’s stock after acquiring an additional 27 shares during the period. Calamos Wealth Management LLC’s holdings in Northrop Grumman were worth $886,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NOC. Wesbanco Bank Inc. raised its position in Northrop Grumman by 1.2% in the third quarter. Wesbanco Bank Inc. now owns 1,782 shares of the aerospace company’s stock valued at $784,000 after purchasing an additional 21 shares during the period. Ausdal Financial Partners Inc. raised its holdings in shares of Northrop Grumman by 4.4% during the 4th quarter. Ausdal Financial Partners Inc. now owns 524 shares of the aerospace company’s stock valued at $245,000 after buying an additional 22 shares during the period. Secure Asset Management LLC raised its holdings in shares of Northrop Grumman by 2.7% during the 4th quarter. Secure Asset Management LLC now owns 844 shares of the aerospace company’s stock valued at $395,000 after buying an additional 22 shares during the period. IHT Wealth Management LLC lifted its position in Northrop Grumman by 1.6% during the 1st quarter. IHT Wealth Management LLC now owns 1,371 shares of the aerospace company’s stock worth $613,000 after acquiring an additional 22 shares in the last quarter. Finally, Rothschild Investment LLC IL grew its position in Northrop Grumman by 0.9% in the third quarter. Rothschild Investment LLC IL now owns 2,459 shares of the aerospace company’s stock valued at $1,082,000 after acquiring an additional 23 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

Northrop Grumman stock opened at $462.58 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.15 and a quick ratio of 1.05. Northrop Grumman Co. has a 12 month low of $414.56 and a 12 month high of $496.89. The company has a fifty day moving average price of $459.71 and a two-hundred day moving average price of $464.47. The company has a market cap of $68.55 billion, a PE ratio of 34.32, a P/E/G ratio of 1.86 and a beta of 0.35.

Northrop Grumman (NYSE:NOCGet Free Report) last posted its quarterly earnings results on Thursday, January 25th. The aerospace company reported $6.27 EPS for the quarter, beating the consensus estimate of $5.80 by $0.47. The business had revenue of $10.64 billion during the quarter, compared to analyst estimates of $10.43 billion. Northrop Grumman had a net margin of 5.23% and a return on equity of 23.07%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $7.50 EPS. Research analysts expect that Northrop Grumman Co. will post 24.67 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Monday, February 26th were paid a dividend of $1.87 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $7.48 dividend on an annualized basis and a yield of 1.62%. Northrop Grumman’s payout ratio is currently 55.49%.

Wall Street Analyst Weigh In

NOC has been the topic of a number of recent research reports. Susquehanna reduced their target price on shares of Northrop Grumman from $560.00 to $540.00 and set a “positive” rating on the stock in a research report on Friday, January 26th. Royal Bank of Canada restated a “sector perform” rating and set a $450.00 target price (down from $515.00) on shares of Northrop Grumman in a research note on Friday, January 26th. StockNews.com cut Northrop Grumman from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Robert W. Baird lowered their price objective 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, TheStreet downgraded Northrop Grumman from a “b+” rating to a “c+” rating in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Northrop Grumman currently has a consensus rating of “Hold” and an average price target of $494.33.

Check Out Our Latest Stock Analysis on Northrop Grumman

Insider Transactions at Northrop Grumman

In related news, CAO Michael A. Hardesty sold 210 shares of the firm’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 3,127 shares in the company, valued at approximately $1,421,784.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CAO Michael A. Hardesty sold 210 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $454.68, for a total value of $95,482.80. Following the completion of the sale, the chief accounting officer now directly owns 3,127 shares of the company’s stock, valued at approximately $1,421,784.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Kathryn G. Simpson sold 1,273 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $450.37, for a total transaction of $573,321.01. Following the transaction, the vice president now owns 2,735 shares in the company, valued at approximately $1,231,761.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,149 shares of company stock worth $1,421,147. Insiders own 0.22% of the company’s stock.

About Northrop Grumman

(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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