Horizon Investments LLC Acquires New Shares in Northrop Grumman Co. (NYSE:NOC)

Horizon Investments LLC bought a new position in shares of Northrop Grumman Co. (NYSE:NOC) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 762 shares of the aerospace company’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. SVA Plumb Wealth Management LLC grew its stake in Northrop Grumman by 2.5% during the first quarter. SVA Plumb Wealth Management LLC now owns 1,433 shares of the aerospace company’s stock worth $386,000 after buying an additional 35 shares during the period. Penserra Capital Management LLC raised its holdings in Northrop Grumman by 31.3% in the fourth quarter. Penserra Capital Management LLC now owns 168 shares of the aerospace company’s stock valued at $41,000 after acquiring an additional 40 shares in the last quarter. First Personal Financial Services raised its holdings in Northrop Grumman by 6.5% in the first quarter. First Personal Financial Services now owns 658 shares of the aerospace company’s stock valued at $177,000 after acquiring an additional 40 shares in the last quarter. Princeton Global Asset Management LLC raised its holdings in shares of Northrop Grumman by 1.5% during the first quarter. Princeton Global Asset Management LLC now owns 2,735 shares of the aerospace company’s stock worth $737,000 after purchasing an additional 40 shares during the period. Finally, Pendal Group Ltd raised its holdings in shares of Northrop Grumman by 1.1% during the first quarter. Pendal Group Ltd now owns 3,621 shares of the aerospace company’s stock worth $976,000 after purchasing an additional 41 shares during the period. Institutional investors own 83.20% of the company’s stock.

A number of analysts have weighed in on NOC shares. Barclays reissued a “buy” rating on shares of Netflix in a report on Thursday, May 16th. Robert W. Baird increased their price objective on shares of Northrop Grumman from $300.00 to $364.00 and gave the stock an “outperform” rating in a report on Wednesday. UBS Group increased their price objective on shares of Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday. ValuEngine raised shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Friday, May 17th. Finally, Alembic Global Advisors upgraded shares of Northrop Grumman from a “neutral” rating to an “overweight” rating in a research report on Tuesday, April 30th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $338.24.

In related news, Chairman Wesley G. Bush sold 50,000 shares of Northrop Grumman stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $291.59, for a total value of $14,579,500.00. Following the completion of the transaction, the chairman now directly owns 46,275 shares of the company’s stock, valued at $13,493,327.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Patrick M. Antkowiak sold 1,932 shares of Northrop Grumman stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $310.00, for a total value of $598,920.00. Following the completion of the transaction, the vice president now directly owns 5,208 shares of the company’s stock, valued at $1,614,480. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,903 shares of company stock valued at $15,484,440. Company insiders own 0.45% of the company’s stock.

Shares of Northrop Grumman stock traded up $4.60 during midday trading on Friday, hitting $329.53. The company had a trading volume of 644,704 shares, compared to its average volume of 600,239. The company’s 50 day moving average price is $316.05. The company has a market cap of $55.17 billion, a PE ratio of 15.45, a PEG ratio of 1.31 and a beta of 0.80. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 1.59. Northrop Grumman Co. has a 1-year low of $223.63 and a 1-year high of $329.61.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Wednesday, April 24th. The aerospace company reported $5.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.47. Northrop Grumman had a net margin of 9.67% and a return on equity of 41.42%. The business had revenue of $8.19 billion for the quarter, compared to the consensus estimate of $8.34 billion. During the same quarter last year, the company posted $4.21 earnings per share. Northrop Grumman’s quarterly revenue was up 21.6% on a year-over-year basis. Equities analysts predict that Northrop Grumman Co. will post 19.41 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Monday, June 3rd were issued a dividend of $1.32 per share. The ex-dividend date was Friday, May 31st. This is a boost from Northrop Grumman’s previous quarterly dividend of $1.20. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.60%. Northrop Grumman’s dividend payout ratio (DPR) is presently 24.75%.

Northrop Grumman Profile

Northrop Grumman Corporation, a security company, provides products in the areas of autonomous systems, cyber, space, strikes, and logistics and modernizations in the United States, the Asia Pacific, and internationally. The company operates through four segments: Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services.

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

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