Campbell & CO Investment Adviser LLC acquired a new position in Northrop Grumman Corporation (NYSE:NOC) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,120 shares of the aerospace company’s stock, valued at approximately $610,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its stake in shares of Northrop Grumman by 41,518.7% during the 2nd quarter. Janus Henderson Group PLC now owns 2,919,969 shares of the aerospace company’s stock worth $749,585,000 after acquiring an additional 2,912,953 shares in the last quarter. First Eagle Investment Management LLC bought a new position in shares of Northrop Grumman during the 3rd quarter worth approximately $198,126,000. HPM Partners LLC grew its stake in shares of Northrop Grumman by 23,412.0% during the 2nd quarter. HPM Partners LLC now owns 292,019 shares of the aerospace company’s stock worth $28,387,000 after acquiring an additional 290,777 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Northrop Grumman by 25.9% in the second quarter. Renaissance Technologies LLC now owns 1,245,400 shares of the aerospace company’s stock valued at $319,707,000 after buying an additional 256,200 shares in the last quarter. Finally, Wedge Capital Management L L P NC bought a new position in shares of Northrop Grumman in the second quarter valued at $59,566,000. 81.33% of the stock is currently owned by institutional investors and hedge funds.
Shares of Northrop Grumman Corporation (NYSE:NOC) traded up $2.45 during trading on Thursday, hitting $300.20. The stock had a trading volume of 629,600 shares, compared to its average volume of 781,667. The stock has a market capitalization of $51,831.87, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 3.00 and a beta of 0.69. Northrop Grumman Corporation has a fifty-two week low of $220.72 and a fifty-two week high of $309.76. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 0.96.
Northrop Grumman (NYSE:NOC) last posted its earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.76. The company had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.33 billion. Northrop Grumman had a return on equity of 39.76% and a net margin of 9.24%. During the same quarter in the prior year, the business earned $3.35 earnings per share. Northrop Grumman’s revenue was up 6.0% on a year-over-year basis. analysts forecast that Northrop Grumman Corporation will post 13.18 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Monday, December 4th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, December 1st. Northrop Grumman’s dividend payout ratio (DPR) is 29.81%.
Several equities analysts recently weighed in on the stock. Royal Bank Of Canada raised their target price on shares of Northrop Grumman from $324.00 to $347.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. Goldman Sachs Group set a $320.00 target price on Northrop Grumman and gave the stock a “buy” rating in a research report on Thursday, October 26th. Cowen reaffirmed a “hold” rating and set a $300.00 target price (up from $275.00) on shares of Northrop Grumman in a research report on Thursday, October 26th. Zacks Investment Research downgraded Northrop Grumman from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Stifel Nicolaus upped their price target on Northrop Grumman from $255.00 to $300.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Northrop Grumman currently has a consensus rating of “Buy” and an average target price of $294.65.
In other Northrop Grumman news, VP Denise M. Peppard sold 5,037 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $295.67, for a total value of $1,489,289.79. Following the completion of the transaction, the vice president now owns 58,186 shares in the company, valued at $17,203,854.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Sid Ashworth sold 6,311 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $298.00, for a total transaction of $1,880,678.00. Following the transaction, the vice president now owns 63,147 shares of the company’s stock, valued at approximately $18,817,806. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,417 shares of company stock worth $6,365,189. Corporate insiders own 0.70% of the company’s stock.
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Northrop Grumman 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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