Dubuque Bank & Trust Co. lifted its stake in Northrop Grumman Co. (NYSE:NOC) by 41.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 905 shares of the aerospace company’s stock after buying an additional 265 shares during the period. Dubuque Bank & Trust Co.’s holdings in Northrop Grumman were worth $278,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Cetera Investment Advisers boosted its position in shares of Northrop Grumman by 0.8% in the second quarter. Cetera Investment Advisers now owns 1,278 shares of the aerospace company’s stock worth $328,000 after buying an additional 10 shares during the period. WFG Advisors LP boosted its position in shares of Northrop Grumman by 4.9% in the second quarter. WFG Advisors LP now owns 594 shares of the aerospace company’s stock worth $152,000 after buying an additional 28 shares during the period. Scotia Capital Inc. boosted its holdings in Northrop Grumman by 4.0% in the second quarter. Scotia Capital Inc. now owns 1,290 shares of the aerospace company’s stock valued at $331,000 after purchasing an additional 50 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in Northrop Grumman by 3.2% in the second quarter. EP Wealth Advisors LLC now owns 2,557 shares of the aerospace company’s stock valued at $656,000 after purchasing an additional 80 shares during the last quarter. Finally, Monroe Bank & Trust MI boosted its holdings in Northrop Grumman by 16.1% in the third quarter. Monroe Bank & Trust MI now owns 1,205 shares of the aerospace company’s stock valued at $280,000 after purchasing an additional 167 shares during the last quarter. 81.23% of the stock is owned by institutional investors.

Shares of Northrop Grumman Co. (NOC) opened at $332.69 on Friday. Northrop Grumman Co. has a one year low of $231.98 and a one year high of $349.18. The stock has a market capitalization of $57,910.00, a P/E ratio of 29.01, a price-to-earnings-growth ratio of 2.43 and a beta of 0.82. The company has a current ratio of 2.35, a quick ratio of 2.24 and a debt-to-equity ratio of 2.04.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Thursday, January 25th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.75 by $0.07. Northrop Grumman had a return on equity of 37.28% and a net margin of 7.81%. The firm had revenue of $6.63 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter in the prior year, the firm posted $2.96 earnings per share. Northrop Grumman’s revenue for the quarter was up 3.7% compared to the same quarter last year. equities research analysts expect that Northrop Grumman Co. will post 15.18 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Monday, March 5th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.32%. This is a boost from Northrop Grumman’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, March 2nd. Northrop Grumman’s dividend payout ratio is presently 34.87%.

A number of brokerages recently commented on NOC. Robert W. Baird reissued a “buy” rating and issued a $394.00 price target on shares of Northrop Grumman in a report on Friday, January 26th. Royal Bank of Canada increased their price target on Northrop Grumman from $324.00 to $347.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. JPMorgan Chase & Co. raised Northrop Grumman from a “neutral” rating to an “overweight” rating and increased their price target for the company from $317.00 to $355.00 in a report on Tuesday, December 12th. Zacks Investment Research downgraded Northrop Grumman from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Finally, Wells Fargo & Co raised Northrop Grumman from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 16th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Northrop Grumman currently has a consensus rating of “Buy” and a consensus price target of $317.47.

In other news, COO Gloria A. Flach sold 7,741 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $296.45, for a total transaction of $2,294,819.45. Following the sale, the chief operating officer now directly owns 77,200 shares in the company, valued at approximately $22,885,940. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

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About Northrop Grumman

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

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