Coastwise Capital Group LLC Takes Position in Northrop Grumman Co. (NYSE:NOC)

Coastwise Capital Group LLC bought a new stake in Northrop Grumman Co. (NYSE:NOCFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 433 shares of the aerospace company’s stock, valued at approximately $203,000.

Other institutional investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in Northrop Grumman during the fourth quarter valued at about $25,000. SRS Capital Advisors Inc. grew its position in Northrop Grumman by 960.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 53 shares of the aerospace company’s stock valued at $25,000 after buying an additional 48 shares during the period. Frazier Financial Advisors LLC bought a new position in Northrop Grumman during the fourth quarter valued at about $29,000. McIlrath & Eck LLC grew its position in Northrop Grumman by 247.6% during the fourth quarter. McIlrath & Eck LLC now owns 73 shares of the aerospace company’s stock valued at $34,000 after buying an additional 52 shares during the period. Finally, Providence Capital Advisors LLC grew its position in Northrop Grumman by 400.0% during the third quarter. Providence Capital Advisors LLC now owns 100 shares of the aerospace company’s stock valued at $44,000 after buying an additional 80 shares during the period. Institutional investors own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NOC. Alembic Global Advisors upgraded shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 price target for the company in a research report on Monday, April 22nd. Susquehanna increased their target price on shares of Northrop Grumman from $540.00 to $560.00 and gave the stock a “positive” rating in a research report on Friday, April 26th. Wells Fargo & Company increased their target price on shares of Northrop Grumman from $483.00 to $518.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 30th. Robert W. Baird increased their target price on shares of Northrop Grumman from $475.00 to $505.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Finally, StockNews.com upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $514.33.

View Our Latest Report on NOC

Northrop Grumman Price Performance

Shares of Northrop Grumman stock traded down $5.95 on Tuesday, reaching $429.82. The stock had a trading volume of 1,380,773 shares, compared to its average volume of 986,759. Northrop Grumman Co. has a 1 year low of $414.56 and a 1 year high of $496.89. The company has a market cap of $63.61 billion, a P/E ratio of 30.06, a price-to-earnings-growth ratio of 2.05 and a beta of 0.35. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 1.04. The business’s 50 day moving average is $462.82 and its two-hundred day moving average is $463.41.

Northrop Grumman (NYSE:NOCGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The aerospace company reported $6.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.83 by $0.49. Northrop Grumman had a net margin of 5.38% and a return on equity of 24.09%. The firm had revenue of $10.13 billion for the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the prior year, the firm posted $5.50 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, research analysts anticipate that Northrop Grumman Co. will post 24.7 EPS for the current year.

Northrop Grumman Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Tuesday, May 28th will be issued a $2.06 dividend. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.92%. This is an increase from Northrop Grumman’s previous quarterly dividend of $1.87. The ex-dividend date of this dividend is Friday, May 24th. Northrop Grumman’s dividend payout ratio is presently 57.62%.

About Northrop Grumman

(Free Report)

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.

Featured Stories

Want to see what other hedge funds are holding NOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northrop Grumman Co. (NYSE:NOCFree Report).

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

Receive News & Ratings for Northrop Grumman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman and related companies with MarketBeat.com's FREE daily email newsletter.