Northrop Grumman Co. (NOC) Holdings Lifted by Federated Investors Inc. PA

Federated Investors Inc. PA grew its position in Northrop Grumman Co. (NYSE:NOC) by 7.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,889 shares of the aerospace company’s stock after buying an additional 189 shares during the period. Federated Investors Inc. PA’s holdings in Northrop Grumman were worth $1,009,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NOC. BlackRock Inc. raised its holdings in shares of Northrop Grumman by 4.3% during the fourth quarter. BlackRock Inc. now owns 13,545,765 shares of the aerospace company’s stock valued at $4,157,331,000 after purchasing an additional 561,347 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Northrop Grumman by 854.2% during the fourth quarter. Millennium Management LLC now owns 236,166 shares of the aerospace company’s stock valued at $72,482,000 after purchasing an additional 211,417 shares during the last quarter. AustralianSuper Pty Ltd purchased a new position in shares of Northrop Grumman during the first quarter valued at approximately $73,455,000. Amundi Pioneer Asset Management Inc. raised its holdings in shares of Northrop Grumman by 688.4% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 213,645 shares of the aerospace company’s stock valued at $65,570,000 after purchasing an additional 186,546 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Northrop Grumman by 12.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,489,951 shares of the aerospace company’s stock valued at $457,282,000 after purchasing an additional 160,259 shares during the last quarter. 81.41% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on NOC. Jefferies Financial Group raised shares of Northrop Grumman from a “hold” rating to a “buy” rating and set a $400.00 price objective for the company in a report on Wednesday, February 14th. Sanford C. Bernstein decreased their price objective on shares of Northrop Grumman from $369.00 to $352.00 and set a “market perform” rating for the company in a report on Thursday, April 26th. ValuEngine cut shares of Northrop Grumman from a “buy” rating to a “hold” rating in a report on Friday, April 27th. Barclays began coverage on shares of Northrop Grumman in a report on Thursday, March 29th. They set an “overweight” rating and a $400.00 price objective for the company. Finally, Zacks Investment Research raised shares of Northrop Grumman from a “hold” rating to a “buy” rating and set a $379.00 price objective for the company in a report on Monday. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $363.88.

In other Northrop Grumman news, VP Janis G. Pamiljans sold 955 shares of the company’s stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $338.85, for a total value of $323,601.75. Following the completion of the transaction, the vice president now directly owns 10,466 shares in the company, valued at $3,546,404.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Shares of Northrop Grumman opened at $327.82 on Thursday, according to MarketBeat. The company has a debt-to-equity ratio of 1.87, a current ratio of 2.52 and a quick ratio of 2.45. The company has a market cap of $58.31 billion, a P/E ratio of 24.69, a price-to-earnings-growth ratio of 2.23 and a beta of 0.76. Northrop Grumman Co. has a 12-month low of $252.82 and a 12-month high of $360.88.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Wednesday, April 25th. The aerospace company reported $4.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.63 by $0.58. The business had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.62 billion. Northrop Grumman had a net margin of 8.05% and a return on equity of 35.83%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business posted $3.63 earnings per share. equities research analysts anticipate that Northrop Grumman Co. will post 16.4 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 20th. Shareholders of record on Monday, June 4th will be given a $1.20 dividend. This is a positive change from Northrop Grumman’s previous quarterly dividend of $1.10. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, June 1st. Northrop Grumman’s dividend payout ratio is presently 36.14%.

Northrop Grumman Profile

Northrop Grumman Corporation operates as a security company for government and commercial customers worldwide. It provides products, systems, and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance, and reconnaissance (C4ISR); strike; and logistics and modernization.

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

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