Golden State Equity Partners lessened its position in shares of Northrop Grumman Co. (NYSE:NOC – Free Report) by 6.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 575 shares of the aerospace company’s stock after selling 40 shares during the quarter. Golden State Equity Partners’ holdings in Northrop Grumman were worth $304,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of NOC. Diversify Advisory Services LLC bought a new position in shares of Northrop Grumman in the 1st quarter worth approximately $870,000. Norden Group LLC purchased a new position in shares of Northrop Grumman during the 1st quarter worth $778,000. Aviso Wealth Management grew its position in shares of Northrop Grumman by 110.7% during the 2nd quarter. Aviso Wealth Management now owns 1,896 shares of the aerospace company’s stock valued at $827,000 after acquiring an additional 996 shares during the period. Susquehanna International Securities Ltd. purchased a new stake in shares of Northrop Grumman in the 2nd quarter worth $1,133,000. Finally, State Board of Administration of Florida Retirement System raised its holdings in Northrop Grumman by 9.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 160,328 shares of the aerospace company’s stock worth $74,027,000 after purchasing an additional 14,275 shares during the period. Institutional investors own 83.40% of the company’s stock.
Northrop Grumman Stock Performance
NYSE NOC opened at $509.02 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.09 and a quick ratio of 0.97. Northrop Grumman Co. has a 1-year low of $418.60 and a 1-year high of $555.57. The business has a 50 day simple moving average of $523.57 and a two-hundred day simple moving average of $482.45. The stock has a market capitalization of $74.16 billion, a PE ratio of 31.54, a P/E/G ratio of 2.31 and a beta of 0.34.
Northrop Grumman Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd were issued a $2.06 dividend. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Tuesday, September 3rd. Northrop Grumman’s payout ratio is 51.05%.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. StockNews.com upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. TD Cowen raised shares of Northrop Grumman to a “hold” rating in a report on Tuesday, October 8th. Susquehanna upped their price target on shares of Northrop Grumman from $560.00 to $625.00 and gave the stock a “positive” rating in a research report on Friday, October 25th. Wells Fargo & Company raised their price objective on shares of Northrop Grumman from $509.00 to $565.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, Citigroup upped their target price on shares of Northrop Grumman from $521.00 to $587.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $550.56.
Check Out Our Latest Stock Report on Northrop Grumman
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.
Featured Articles
- Five stocks we like better than Northrop Grumman
- Investing in Travel Stocks Benefits
- Microsoft Can Hit New All-Time Highs This Year – Here’s Why
- How to Invest in Small Cap Stocks
- Zillow Stock’s Bull Case: Why This Recent Sell-Off Could Be a Buy
- How to Invest in Blue Chip Stocks
- IonQ’s Quantum Surge: Ride the Wave or Cash Out?
Want to see what other hedge funds are holding NOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northrop Grumman Co. (NYSE:NOC – Free Report).
Receive News & Ratings for Northrop Grumman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman and related companies with MarketBeat.com's FREE daily email newsletter.