Huber Capital Management LLC Grows Stock Position in Northrop Grumman Co. (NYSE:NOC)

Huber Capital Management LLC raised its position in Northrop Grumman Co. (NYSE:NOC) by 3.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,718 shares of the aerospace company’s stock after buying an additional 400 shares during the quarter. Northrop Grumman comprises about 1.2% of Huber Capital Management LLC’s holdings, making the stock its 26th largest position. Huber Capital Management LLC’s holdings in Northrop Grumman were worth $5,108,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Accretive Wealth Partners LLC increased its stake in shares of Northrop Grumman by 10.5% in the fourth quarter. Accretive Wealth Partners LLC now owns 528 shares of the aerospace company’s stock worth $247,000 after purchasing an additional 50 shares in the last quarter. Gryphon Financial Partners LLC grew its stake in Northrop Grumman by 21.9% in the 4th quarter. Gryphon Financial Partners LLC now owns 557 shares of the aerospace company’s stock valued at $241,000 after buying an additional 100 shares in the last quarter. Jump Financial LLC grew its stake in Northrop Grumman by 37.7% in the 4th quarter. Jump Financial LLC now owns 694 shares of the aerospace company’s stock valued at $325,000 after buying an additional 190 shares in the last quarter. Gladstone Institutional Advisory LLC bought a new stake in Northrop Grumman during the 4th quarter valued at $257,000. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of Northrop Grumman during the fourth quarter worth $29,000. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Price Performance

NOC opened at $525.13 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $77.71 billion, a P/E ratio of 36.72, a PEG ratio of 2.36 and a beta of 0.34. The stock has a 50-day moving average price of $496.06 and a 200-day moving average price of $469.70. Northrop Grumman Co. has a 12-month low of $414.56 and a 12-month high of $528.76.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Thursday, July 25th. The aerospace company reported $6.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.93 by $0.43. The business had revenue of $10.22 billion during the quarter, compared to analyst estimates of $10.02 billion. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. Northrop Grumman’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.34 earnings per share. Equities analysts predict that Northrop Grumman Co. will post 25.14 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $2.06 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.57%. Northrop Grumman’s dividend payout ratio (DPR) is currently 57.62%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Barclays lifted their price target on Northrop Grumman from $470.00 to $500.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. Wells Fargo & Company upped their price target on Northrop Grumman from $467.00 to $509.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Jefferies Financial Group cut their price objective on shares of Northrop Grumman from $530.00 to $500.00 and set a “hold” rating for the company in a research report on Tuesday, June 18th. Alembic Global Advisors cut shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price objective for the company. in a research note on Tuesday, August 27th. Finally, TD Cowen increased their target price on shares of Northrop Grumman from $440.00 to $515.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $523.20.

Insider Transactions at Northrop Grumman

In related news, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $500.00, for a total transaction of $695,000.00. Following the transaction, the vice president now directly 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 available through this hyperlink. In other news, VP Thomas H. Jones sold 1,390 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was 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 of the company’s stock, valued at $2,317,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Thomas H. Jones sold 1,389 shares of Northrop Grumman stock in a transaction 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 completion of the transaction, the vice president now directly owns 6,755 shares in the company, valued at $3,225,917.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,846 shares of company stock worth $1,393,028. Company insiders own 0.22% of the company’s stock.

About Northrop Grumman

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.