Stonehearth Capital Management LLC Raises Stock Holdings in Northrop Grumman Co. (NYSE:NOC)

Stonehearth Capital Management LLC boosted its holdings in Northrop Grumman Co. (NYSE:NOCFree Report) by 51.2% during the first quarter, Holdings Channel.com reports. The firm owned 812 shares of the aerospace company’s stock after acquiring an additional 275 shares during the quarter. Stonehearth Capital Management LLC’s holdings in Northrop Grumman were worth $389,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Headlands Technologies LLC bought a new position in Northrop Grumman in the 4th quarter worth about $25,000. SRS Capital Advisors Inc. raised its holdings in Northrop Grumman by 960.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 53 shares of the aerospace company’s stock worth $25,000 after buying an additional 48 shares during the last quarter. Frazier Financial Advisors LLC bought a new position in shares of Northrop Grumman in the fourth quarter worth approximately $29,000. McIlrath & Eck LLC grew its holdings in shares of 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 last quarter. Finally, Providence Capital Advisors LLC increased its position in shares of 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 acquiring an additional 80 shares in the last quarter. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Price Performance

Shares of NYSE NOC traded down $3.95 during midday trading on Tuesday, reaching $425.83. The stock had a trading volume of 902,948 shares, compared to its average volume of 993,666. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.02 and a current ratio of 1.13. Northrop Grumman Co. has a 12-month low of $414.56 and a 12-month high of $496.89. The stock has a 50-day moving average of $460.35 and a 200-day moving average of $462.16. The company has a market capitalization of $63.02 billion, a price-to-earnings ratio of 30.09, a price-to-earnings-growth ratio of 1.98 and a beta of 0.35.

Northrop Grumman (NYSE:NOCGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The aerospace company reported $6.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.83 by $0.49. Northrop Grumman had a return on equity of 24.09% and a net margin of 5.38%. The business had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same period in the prior year, the firm earned $5.50 EPS. 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 fiscal year.

Northrop Grumman Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Tuesday, May 28th were issued a $2.06 dividend. The ex-dividend date was Friday, May 24th. This is an increase from Northrop Grumman’s previous quarterly dividend of $1.87. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.94%. Northrop Grumman’s payout ratio is 57.62%.

Analyst Upgrades and Downgrades

NOC has been the topic of several analyst reports. Royal Bank of Canada upped their price objective on Northrop Grumman from $450.00 to $475.00 and gave the company a “sector perform” rating in a research report on Friday, April 26th. Robert W. Baird increased their price objective on Northrop Grumman from $475.00 to $505.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. Alembic Global Advisors raised Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 target price for the company in a research report on Monday, April 22nd. StockNews.com raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Finally, Susquehanna lifted their price target on shares of Northrop Grumman from $540.00 to $560.00 and gave the stock a “positive” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $513.23.

Check Out Our Latest Stock Analysis on NOC

Northrop Grumman Profile

(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.

See Also

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

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