Northrop Grumman Co. (NYSE:NOC) Shares Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its position in shares of Northrop Grumman Co. (NYSE:NOC) by 9.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,026 shares of the aerospace company’s stock after acquiring an additional 173 shares during the period. Concurrent Investment Advisors LLC’s holdings in Northrop Grumman were worth $1,070,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Optimum Investment Advisors lifted its position in shares of Northrop Grumman by 241.2% in the 2nd quarter. Optimum Investment Advisors now owns 58 shares of the aerospace company’s stock worth $25,000 after buying an additional 41 shares during the last quarter. Bank & Trust Co bought a new position in Northrop Grumman in the second quarter worth about $28,000. Meeder Asset Management Inc. boosted its stake in Northrop Grumman by 245.5% in the second quarter. Meeder Asset Management Inc. now owns 76 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 54 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of Northrop Grumman during the third quarter valued at approximately $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Northrop Grumman during the 2nd quarter worth approximately $52,000. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Trading Up 1.6 %

Shares of NOC stock opened at $529.02 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.00. The stock has a 50-day simple moving average of $523.76 and a 200 day simple moving average of $484.96. Northrop Grumman Co. has a fifty-two week low of $418.60 and a fifty-two week high of $555.57. The stock has a market capitalization of $77.08 billion, a P/E ratio of 32.78, a P/E/G ratio of 1.05 and a beta of 0.35.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Thursday, October 24th. The aerospace company reported $7.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.07 by $0.93. Northrop Grumman had a net margin of 5.79% and a return on equity of 26.57%. The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.18 billion. During the same quarter in the previous year, the company posted $6.18 EPS. The business’s revenue was up 2.3% compared to the same quarter last year. On average, sell-side analysts expect that Northrop Grumman Co. will post 25.95 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were given 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 1.56%. Northrop Grumman’s dividend payout ratio (DPR) is presently 51.05%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NOC shares. UBS Group boosted their price objective on Northrop Grumman from $614.00 to $643.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised shares of Northrop Grumman from a “hold” rating to a “buy” rating and boosted their price target for the company from $474.00 to $575.00 in a report on Monday, July 29th. JPMorgan Chase & Co. increased their price objective on shares of Northrop Grumman from $500.00 to $560.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Royal Bank of Canada boosted their target price on shares of Northrop Grumman from $500.00 to $540.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Finally, Citigroup raised their price target on shares of Northrop Grumman from $521.00 to $587.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Northrop Grumman has an average rating of “Hold” and an average price target of $550.56.

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.