Norinchukin Bank The Buys 769 Shares of Northrop Grumman Corporation (NOC)
Norinchukin Bank The increased its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 6.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 12,115 shares of the aerospace company’s stock after purchasing an additional 769 shares during the period. Norinchukin Bank The’s holdings in Northrop Grumman Corporation were worth $3,110,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of NOC. Waldron LP lifted its holdings in Northrop Grumman Corporation by 17.1% during the 1st quarter. Waldron LP now owns 2,005 shares of the aerospace company’s stock worth $476,000 after purchasing an additional 293 shares in the last quarter. Signature Estate & Investment Advisors LLC lifted its holdings in Northrop Grumman Corporation by 19.3% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 5,511 shares of the aerospace company’s stock worth $1,311,000 after purchasing an additional 892 shares in the last quarter. Montag A & Associates Inc. lifted its holdings in Northrop Grumman Corporation by 2.8% during the 1st quarter. Montag A & Associates Inc. now owns 2,313 shares of the aerospace company’s stock worth $550,000 after purchasing an additional 63 shares in the last quarter. Elkhorn Investments LLC purchased a new stake in Northrop Grumman Corporation during the 1st quarter worth about $1,258,000. Finally, First Trust Advisors LP lifted its holdings in Northrop Grumman Corporation by 35.7% during the 1st quarter. First Trust Advisors LP now owns 131,666 shares of the aerospace company’s stock worth $31,315,000 after purchasing an additional 34,625 shares in the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.
Shares of Northrop Grumman Corporation (NYSE:NOC) traded down 0.49% during trading on Thursday, hitting $265.39. The stock had a trading volume of 63,668 shares. Northrop Grumman Corporation has a 12 month low of $208.09 and a 12 month high of $274.61. The stock has a 50 day moving average of $268.31 and a 200 day moving average of $254.67. The company has a market cap of $46.20 billion, a PE ratio of 20.27 and a beta of 0.66.
Northrop Grumman Corporation (NYSE:NOC) last announced its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $3.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.31. Northrop Grumman Corporation had a return on equity of 39.22% and a net margin of 9.20%. The business had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.21 billion. During the same period in the previous year, the business earned $2.85 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. Equities analysts forecast that Northrop Grumman Corporation will post $12.55 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Monday, August 28th were given a $1.00 dividend. The ex-dividend date was Thursday, August 24th. This represents a $4.00 annualized dividend and a dividend yield of 1.50%. Northrop Grumman Corporation’s payout ratio is 30.56%.
A number of analysts recently issued reports on NOC shares. Stifel Nicolaus reissued a “hold” rating and set a $255.00 price objective (up previously from $245.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Deutsche Bank AG reissued a “buy” rating and set a $285.00 price objective (up previously from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. BidaskClub raised Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Jefferies Group LLC reissued a “hold” rating and set a $243.00 price objective on shares of Northrop Grumman Corporation in a report on Wednesday, June 21st. Finally, Royal Bank Of Canada set a $294.00 price objective on Northrop Grumman Corporation and gave the stock a “buy” rating in a report on Tuesday, August 29th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $269.86.
In other news, VP Lisa R. Davis sold 367 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $263.25, for a total value of $96,612.75. Following the transaction, the vice president now directly owns 961 shares in the company, valued at $252,983.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is owned by insiders.
Northrop Grumman Corporation Profile
Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.
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