St. Johns Investment Management Company LLC Has $1.20 Million Holdings in Northrop Grumman Co. (NYSE:NOC)

St. Johns Investment Management Company LLC cut its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 2.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,512 shares of the aerospace company’s stock after selling 56 shares during the quarter. St. Johns Investment Management Company LLC’s holdings in Northrop Grumman were worth $1,202,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Headlands Technologies LLC acquired a new stake in shares of Northrop Grumman during the 4th quarter valued at about $25,000. SRS Capital Advisors Inc. lifted its holdings in shares of Northrop Grumman by 960.0% during the 4th 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 last quarter. Frazier Financial Advisors LLC acquired a new stake in shares of Northrop Grumman during the 4th quarter valued at about $29,000. McIlrath & Eck LLC lifted its holdings in shares of Northrop Grumman by 247.6% during the 4th 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, Rise Advisors LLC acquired a new stake in shares of Northrop Grumman during the 1st quarter valued at about $38,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Stock Performance

Shares of NYSE NOC opened at $431.50 on Thursday. Northrop Grumman Co. has a 12 month low of $414.56 and a 12 month high of $496.89. The company has a market cap of $63.86 billion, a P/E ratio of 30.17, a P/E/G ratio of 2.00 and a beta of 0.35. The business’s 50 day moving average is $457.36 and its two-hundred day moving average is $460.10. 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:NOC) last announced its quarterly earnings data on Thursday, April 25th. The aerospace company reported $6.32 earnings per share 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 company had revenue of $10.13 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same quarter last year, the firm earned $5.50 EPS. Northrop Grumman’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, equities analysts expect that Northrop Grumman Co. will post 24.7 EPS for the current year.

Northrop Grumman Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Tuesday, May 28th were paid a $2.06 dividend. This is a positive change 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 1.91%. Northrop Grumman’s payout ratio is currently 57.62%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Susquehanna lifted their price target on Northrop Grumman from $540.00 to $560.00 and gave the company a “positive” rating in a report on Friday, April 26th. Robert W. Baird raised their price objective on Northrop Grumman from $475.00 to $505.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. BTIG Research started coverage on Northrop Grumman in a research note on Wednesday. They issued a “buy” rating and a $565.00 price objective on the stock. Royal Bank of Canada raised their price objective on Northrop Grumman from $450.00 to $475.00 and gave the company a “sector perform” rating in a research note on Friday, April 26th. Finally, StockNews.com downgraded Northrop Grumman from a “buy” rating to a “hold” rating in a research note on Monday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $510.36.

Northrop Grumman Company 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.