M&R Capital Management Inc. Buys 75 Shares of Northrop Grumman Co. (NYSE:NOC)


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M&R Capital Management Inc. raised its holdings in Northrop Grumman Co. (NYSE:NOC) by 105.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 146 shares of the aerospace company’s stock after buying an additional 75 shares during the period. M&R Capital Management Inc.’s holdings in Northrop Grumman were worth $47,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NOC. AXA S.A. grew its position in Northrop Grumman by 4.7% in the 3rd quarter. AXA S.A. now owns 2,213 shares of the aerospace company’s stock valued at $699,000 after acquiring an additional 100 shares during the last quarter. Wealth Alliance lifted its holdings in shares of Northrop Grumman by 17.7% in the 3rd quarter. Wealth Alliance now owns 1,158 shares of the aerospace company’s stock worth $365,000 after buying an additional 174 shares during the period. Peapack Gladstone Financial Corp lifted its holdings in shares of Northrop Grumman by 43.2% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 1,140 shares of the aerospace company’s stock worth $360,000 after buying an additional 344 shares during the period. OLD Mission Capital LLC purchased a new stake in shares of Northrop Grumman in the 3rd quarter worth $5,643,000. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Northrop Grumman by 77.1% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 39,967 shares of the aerospace company’s stock worth $12,609,000 after buying an additional 17,401 shares during the period. 82.65% of the stock is currently owned by institutional investors.

In other Northrop Grumman news, VP Lesley A. Kalan sold 1,560 shares of the firm’s stock in a transaction on Monday, March 8th. The stock was sold at an average price of $308.31, for a total transaction of $480,963.60. Following the completion of the sale, the vice president now owns 12,331 shares of the company’s stock, valued at $3,801,770.61. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Janis G. Pamiljans sold 801 shares of the firm’s stock in a transaction on Thursday, February 18th. The stock was sold at an average price of $295.80, for a total value of $236,935.80. Following the sale, the vice president now directly owns 12,466 shares of the company’s stock, valued at approximately $3,687,442.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,286 shares of company stock worth $4,294,598. Company insiders own 0.27% of the company’s stock.

Several equities research analysts have weighed in on the company. Robert W. Baird cut Northrop Grumman from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $386.00 to $331.00 in a report on Thursday, January 7th. Morgan Stanley decreased their price objective on Northrop Grumman from $453.00 to $447.00 and set an “overweight” rating for the company in a research note on Monday, February 8th. Susquehanna Bancshares decreased their price objective on Northrop Grumman from $380.00 to $350.00 and set a “positive” rating for the company in a research note on Friday, January 29th. Credit Suisse Group decreased their price objective on Northrop Grumman from $377.00 to $353.00 and set an “outperform” rating for the company in a research note on Friday, January 29th. Finally, Susquehanna decreased their price objective on Northrop Grumman from $380.00 to $350.00 and set a “positive” rating for the company in a research note on Friday, January 29th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $373.08.

Northrop Grumman stock opened at $333.97 on Thursday. The firm has a market cap of $55.68 billion, a price-to-earnings ratio of 22.84 and a beta of 0.75. Northrop Grumman Co. has a 52 week low of $282.88 and a 52 week high of $357.12. The business’s 50-day moving average price is $307.18 and its 200 day moving average price is $305.44. The company has a quick ratio of 1.36, a current ratio of 1.44 and a debt-to-equity ratio of 1.36.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Thursday, January 28th. The aerospace company reported $6.59 EPS for the quarter, beating the consensus estimate of $5.70 by $0.89. Northrop Grumman had a return on equity of 40.02% and a net margin of 6.94%. The company had revenue of $10.21 billion for the quarter, compared to analyst estimates of $9.25 billion. During the same period last year, the company earned $5.61 earnings per share. Northrop Grumman’s quarterly revenue was up 17.1% compared to the same quarter last year. Equities analysts expect that Northrop Grumman Co. will post 22.72 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 17th. Shareholders of record on Monday, March 1st were issued a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Friday, February 26th. Northrop Grumman’s payout ratio is currently 27.35%.

Northrop Grumman Company Profile

Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. The Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems for strategic and tactical intelligence, surveillance, and reconnaissance (ISR) missions; and long-range strike aircraft systems, tactical fighter aircrafts, and airborne battle management systems.

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

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