Claro Advisors LLC Purchases 51 Shares of Northrop Grumman Co. (NYSE:NOC)

Claro Advisors LLC increased its position in Northrop Grumman Co. (NYSE:NOC) by 2.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,009 shares of the aerospace company’s stock after purchasing an additional 51 shares during the quarter. Claro Advisors LLC’s holdings in Northrop Grumman were worth $962,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in NOC. SRS Capital Advisors Inc. raised its stake 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 last quarter. Headlands Technologies LLC purchased a new stake in Northrop Grumman during the 4th quarter valued at about $25,000. Frazier Financial Advisors LLC bought a new stake in Northrop Grumman during the 4th quarter valued at about $29,000. McIlrath & Eck LLC raised its holdings in Northrop Grumman by 247.6% in the 4th quarter. McIlrath & Eck LLC now owns 73 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 52 shares during the last quarter. Finally, Rise Advisors LLC bought a new position in Northrop Grumman in the 1st quarter valued at approximately $38,000. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Stock Performance

NOC stock opened at $435.00 on Tuesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.13 and a quick ratio of 1.02. Northrop Grumman Co. has a 1-year low of $414.56 and a 1-year high of $496.89. The business has a 50-day moving average price of $456.07 and a 200 day moving average price of $459.11. The company has a market capitalization of $64.38 billion, a P/E ratio of 30.42, a PEG ratio of 2.03 and a beta of 0.33.

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

Northrop Grumman Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Tuesday, May 28th were issued a $2.06 dividend. This is a boost 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 1.89%. The ex-dividend date of this dividend was Friday, May 24th. Northrop Grumman’s dividend payout ratio (DPR) is currently 57.62%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. StockNews.com cut Northrop Grumman from a “buy” rating to a “hold” rating in a research report on Monday, June 24th. Alembic Global Advisors upgraded shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 price target on the stock in a report on Monday, April 22nd. Jefferies Financial Group decreased their price objective on Northrop Grumman from $530.00 to $500.00 and set a “hold” rating on the stock in a report on Tuesday, June 18th. BTIG Research started coverage on shares of Northrop Grumman in a report on Wednesday, June 26th. They issued a “buy” rating and a $565.00 price target for the company. Finally, Susquehanna boosted their price objective on Northrop Grumman from $540.00 to $560.00 and gave the stock a “positive” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $510.36.

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.