Cwm LLC Decreases Stake in Northrop Grumman Co. (NYSE:NOC)

Cwm LLC lowered its position in Northrop Grumman Co. (NYSE:NOCFree Report) by 8.5% during the first quarter, HoldingsChannel reports. The firm owned 6,360 shares of the aerospace company’s stock after selling 593 shares during the period. Cwm LLC’s holdings in Northrop Grumman were worth $3,044,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Northrop Grumman by 10.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,488,412 shares of the aerospace company’s stock worth $1,975,754,000 after purchasing an additional 410,736 shares during the last quarter. Morgan Stanley raised its holdings in Northrop Grumman by 3.5% in the 3rd quarter. Morgan Stanley now owns 4,194,298 shares of the aerospace company’s stock valued at $1,846,289,000 after buying an additional 142,036 shares during the period. Sanders Capital LLC raised its holdings in Northrop Grumman by 3.7% in the 4th quarter. Sanders Capital LLC now owns 2,271,466 shares of the aerospace company’s stock valued at $1,063,364,000 after buying an additional 80,887 shares during the period. Northern Trust Corp raised its holdings in Northrop Grumman by 1.3% in the 4th quarter. Northern Trust Corp now owns 1,260,599 shares of the aerospace company’s stock valued at $590,137,000 after buying an additional 16,275 shares during the period. Finally, Putnam Investments LLC raised its holdings in Northrop Grumman by 2.6% in the 4th quarter. Putnam Investments LLC now owns 1,156,477 shares of the aerospace company’s stock valued at $541,393,000 after buying an additional 28,934 shares during the period. 83.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on NOC shares. StockNews.com upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Susquehanna boosted 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. Jefferies Financial Group cut their price target on shares of Northrop Grumman from $530.00 to $500.00 and set a “hold” rating on the stock in a research note on Tuesday. Royal Bank of Canada boosted their price objective on Northrop Grumman from $450.00 to $475.00 and gave the stock a “sector perform” rating in a research report on Friday, April 26th. Finally, Robert W. Baird boosted their price objective on Northrop Grumman from $475.00 to $505.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Northrop Grumman presently has a consensus rating of “Hold” and a consensus price target of $513.23.

Check Out Our Latest Report on Northrop Grumman

Northrop Grumman Stock Down 0.9 %

NOC traded down $3.95 on Wednesday, reaching $425.83. The company’s stock had a trading volume of 963,090 shares, compared to its average volume of 1,002,805. The company has a market capitalization of $63.02 billion, a price-to-earnings ratio of 29.78, a P/E/G ratio of 2.00 and a beta of 0.35. Northrop Grumman Co. has a fifty-two week low of $414.56 and a fifty-two week high of $496.89. The stock has a 50 day moving average of $459.78 and a two-hundred day moving average of $461.78. The company has a quick ratio of 1.02, a current ratio of 1.13 and a debt-to-equity ratio of 1.04.

Northrop Grumman (NYSE:NOCGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The aerospace company reported $6.32 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the prior year, the company earned $5.50 earnings per share. The company’s revenue was up 8.9% compared to the same quarter last year. As a group, analysts forecast that Northrop Grumman Co. will post 24.7 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

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

Northrop Grumman Company 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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