Mizuho Securities USA LLC Has $15.06 Million Position in Northrop Grumman Co. (NYSE:NOC)

Mizuho Securities USA LLC increased its stake in Northrop Grumman Co. (NYSE:NOC) by 165.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,512 shares of the aerospace company’s stock after purchasing an additional 17,781 shares during the period. Mizuho Securities USA LLC’s holdings in Northrop Grumman were worth $15,056,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in NOC. Nicolet Advisory Services LLC raised its stake in shares of Northrop Grumman by 8.3% during the first quarter. Nicolet Advisory Services LLC now owns 589 shares of the aerospace company’s stock valued at $268,000 after acquiring an additional 45 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in Northrop Grumman in the first quarter valued at approximately $966,000. Edgestream Partners L.P. raised its holdings in Northrop Grumman by 119.8% during the first quarter. Edgestream Partners L.P. now owns 2,042 shares of the aerospace company’s stock worth $977,000 after buying an additional 1,113 shares during the last quarter. Jacobi Capital Management LLC lifted its position in Northrop Grumman by 3.9% in the 1st quarter. Jacobi Capital Management LLC now owns 1,956 shares of the aerospace company’s stock valued at $936,000 after acquiring an additional 73 shares in the last quarter. Finally, Cynosure Group LLC purchased a new position in shares of Northrop Grumman during the first quarter valued at approximately $330,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Trading Down 1.3 %

NYSE:NOC opened at $493.99 on Friday. The company has a market capitalization of $71.97 billion, a P/E ratio of 30.61, a PEG ratio of 1.00 and a beta of 0.35. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.00. Northrop Grumman Co. has a 12 month low of $418.60 and a 12 month high of $555.57. The firm has a fifty day simple moving average of $523.27 and a 200-day simple moving average of $486.19.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Thursday, October 24th. The aerospace company reported $7.00 EPS for the quarter, topping analysts’ consensus estimates of $6.07 by $0.93. Northrop Grumman had a return on equity of 26.57% and a net margin of 5.79%. The company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.18 billion. During the same quarter in the previous year, the firm posted $6.18 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts anticipate that Northrop Grumman Co. will post 25.93 earnings per share for the current year.

Northrop Grumman Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd were issued a dividend of $2.06 per share. This represents a $8.24 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend was Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio (DPR) is 51.05%.

Insider Activity

In related news, VP Benjamin R. Davies sold 1,156 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $532.93, for a total transaction of $616,067.08. Following the sale, the vice president now owns 537 shares in the company, valued at approximately $286,183.41. This trade represents a 68.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 1,289 shares of company stock valued at $685,273 in the last three months. 0.22% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NOC. JPMorgan Chase & Co. upped their target price on Northrop Grumman from $500.00 to $560.00 and gave the company a “neutral” rating in a report on Monday, October 14th. StockNews.com upgraded Northrop Grumman from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Royal Bank of Canada boosted their target price on Northrop Grumman from $500.00 to $540.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Alembic Global Advisors lowered shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price target on the stock. in a report on Tuesday, August 27th. Finally, Barclays boosted their target price on Northrop Grumman from $500.00 to $550.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $550.56.

Northrop Grumman Profile

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.