Universal Beteiligungs und Servicegesellschaft mbH Has $17.87 Million Position in Northrop Grumman Corporation $NOC

Universal Beteiligungs und Servicegesellschaft mbH reduced its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 12.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,334 shares of the aerospace company’s stock after selling 4,170 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Northrop Grumman were worth $17,874,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Coign Capital Advisors LLC grew its stake in shares of Northrop Grumman by 1.3% in the second quarter. Coign Capital Advisors LLC now owns 1,294 shares of the aerospace company’s stock worth $647,000 after acquiring an additional 17 shares during the last quarter. Howard Financial Services LTD. grew its holdings in shares of Northrop Grumman by 1.5% in the 3rd quarter. Howard Financial Services LTD. now owns 1,127 shares of the aerospace company’s stock worth $687,000 after purchasing an additional 17 shares during the last quarter. West Wealth Group LLC grew its stake in Northrop Grumman by 4.3% during the third quarter. West Wealth Group LLC now owns 412 shares of the aerospace company’s stock worth $251,000 after buying an additional 17 shares during the last quarter. King Luther Capital Management Corp increased its holdings in Northrop Grumman by 1.5% during the 2nd quarter. King Luther Capital Management Corp now owns 1,243 shares of the aerospace company’s stock valued at $621,000 after purchasing an additional 18 shares in the last quarter. Finally, Dakota Community Bank & Trust NA lifted its position in Northrop Grumman by 6.9% during the 3rd quarter. Dakota Community Bank & Trust NA now owns 278 shares of the aerospace company’s stock worth $169,000 after buying an additional 18 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analysts Set New Price Targets

NOC has been the topic of a number of recent research reports. BNP Paribas Exane started coverage on Northrop Grumman in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $710.00 price objective on the stock. Alembic Global Advisors raised Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $662.00 price target for the company in a research note on Monday, December 15th. Deutsche Bank Aktiengesellschaft set a $700.00 price objective on Northrop Grumman and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Morgan Stanley reaffirmed an “overweight” rating and issued a $714.00 price target on shares of Northrop Grumman in a research note on Tuesday, December 16th. Finally, UBS Group lifted their target price on Northrop Grumman from $770.00 to $777.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $656.82.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, CEO Kathy J. Warden sold 7,000 shares of Northrop Grumman stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $600.00, for a total value of $4,200,000.00. Following the transaction, the chief executive officer owned 194,602 shares in the company, valued at $116,761,200. The trade was a 3.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark A. Welsh III sold 97 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $564.08, for a total transaction of $54,715.76. Following the transaction, the director owned 4,281 shares of the company’s stock, valued at approximately $2,414,826.48. This represents a 2.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 10,097 shares of company stock worth $6,099,716. Company insiders own 0.23% of the company’s stock.

Northrop Grumman Stock Up 0.3%

NYSE NOC opened at $672.67 on Friday. The company has a market cap of $96.00 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 5.44 and a beta of 0.05. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. The company has a 50 day moving average of $587.92 and a 200-day moving average of $582.49. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $677.30.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.43 by $1.24. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The company had revenue of $10.42 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same period in the prior year, the firm posted $7.00 EPS. Northrop Grumman’s quarterly revenue was up 4.3% on a year-over-year basis. On average, equities research analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st were paid a $2.31 dividend. The ex-dividend date was Monday, December 1st. This represents a $9.24 annualized dividend and a dividend yield of 1.4%. Northrop Grumman’s dividend payout ratio (DPR) is presently 33.24%.

Northrop Grumman Company Profile

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.