Concurrent Investment Advisors LLC Has $808,000 Holdings in Northrop Grumman Co. (NYSE:NOC)

Concurrent Investment Advisors LLC boosted its stake in Northrop Grumman Co. (NYSE:NOC) by 26.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,853 shares of the aerospace company’s stock after purchasing an additional 387 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Northrop Grumman were worth $808,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in NOC. Capital International Investors grew its holdings in shares of Northrop Grumman by 5.6% in the 1st quarter. Capital International Investors now owns 11,747,646 shares of the aerospace company’s stock valued at $5,623,128,000 after buying an additional 621,636 shares during the period. JPMorgan Chase & Co. lifted its holdings in Northrop Grumman by 4.8% during the first quarter. JPMorgan Chase & Co. now owns 4,634,043 shares of the aerospace company’s stock worth $2,218,132,000 after acquiring an additional 211,459 shares in the last quarter. Capital World Investors grew its stake in Northrop Grumman by 0.6% in the first quarter. Capital World Investors now owns 3,688,511 shares of the aerospace company’s stock valued at $1,765,543,000 after acquiring an additional 23,398 shares during the period. Sanders Capital LLC increased its holdings in shares of Northrop Grumman by 3.7% in the fourth quarter. Sanders Capital LLC now owns 2,271,466 shares of the aerospace company’s stock worth $1,063,364,000 after acquiring an additional 80,887 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Northrop Grumman by 1.3% during the fourth quarter. Northern Trust Corp now owns 1,260,599 shares of the aerospace company’s stock worth $590,137,000 after purchasing an additional 16,275 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

Shares of NOC opened at $523.21 on Tuesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.11 and a quick ratio of 0.99. The firm has a 50-day moving average of $471.35 and a 200-day moving average of $463.61. The company has a market cap of $77.43 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 2.40 and a beta of 0.32. Northrop Grumman Co. has a one year low of $414.56 and a one year high of $523.62.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Thursday, July 25th. The aerospace company reported $6.36 earnings per share for the quarter, topping analysts’ consensus estimates of $5.93 by $0.43. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The firm had revenue of $10.22 billion for the quarter, compared to the consensus estimate of $10.02 billion. During the same quarter in the previous year, the business earned $5.34 earnings per share. The business’s revenue was up 6.7% compared to the same quarter last year. As a group, equities analysts forecast that Northrop Grumman Co. will post 25.15 earnings per share for the current year.

Northrop Grumman Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $2.06 per share. This represents a $8.24 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio is 57.62%.

Insiders Place Their Bets

In other news, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $500.00, for a total transaction of $695,000.00. Following the completion of the sale, the vice president now owns 4,634 shares in the company, valued at approximately $2,317,000. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, VP Thomas H. Jones sold 1,390 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $500.00, for a total value of $695,000.00. Following the transaction, the vice president now owns 4,634 shares in the company, valued at approximately $2,317,000. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Thomas H. Jones sold 1,389 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $477.56, for a total transaction of $663,330.84. Following the sale, the vice president now owns 6,755 shares of the company’s stock, valued at $3,225,917.80. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. StockNews.com raised Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. Royal Bank of Canada increased their price objective on shares of Northrop Grumman from $475.00 to $500.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. Wells Fargo & Company boosted their price objective on shares of Northrop Grumman from $467.00 to $509.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Morgan Stanley increased their target price on Northrop Grumman from $579.00 to $592.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Finally, BTIG Research assumed coverage on Northrop Grumman in a report on Wednesday, June 26th. They issued a “buy” rating and a $565.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $523.20.

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.